PPG Industries, Inc. $PPG Stock Acquired by Asset Management One Co. Ltd.

Key Points

• Asset Management One increased its PPG Industries stake by 17.3% in the third quarter, bringing its holdings to 118,766 shares valued at approximately $12.4 million. Institutional investors and hedge funds collectively own 81.86% of PPG stock.
• PPG reported quarterly earnings of $2.25 per share, beating estimates of $2.12, while revenue rose 6.6% year over year to $4.35 billion. The company also declared a quarterly dividend of $0.74 per share, equivalent to a 2.5% annualized yield.
• Analysts generally remain positive, with several firms raising price targets and the stock carrying a “Moderate Buy” consensus rating. PPG opened at $119.72, compared with a consensus target price of $128.29.

Asset Management One Co. Ltd. boosted its position in PPG Industries, Inc. (NYSE:PPG - Free Report) by 17.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,766 shares of the specialty chemicals company's stock after purchasing an additional 17,535 shares during the quarter. Asset Management One Co. Ltd. owned about 0.05% of PPG Industries worth $12,391,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SYM FINANCIAL Corp bought a new position in shares of PPG Industries during the third quarter valued at $249,000. Center for Financial Planning Inc. raised its position in PPG Industries by 105.1% during the 3rd quarter. Center for Financial Planning Inc. now owns 1,780 shares of the specialty chemicals company's stock worth $186,000 after purchasing an additional 912 shares during the last quarter. V Square Quantitative Management LLC raised its position in PPG Industries by 5.7% during the 3rd quarter. V Square Quantitative Management LLC now owns 10,300 shares of the specialty chemicals company's stock worth $1,075,000 after purchasing an additional 554 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in PPG Industries by 9.2% during the 2nd quarter. QRG Capital Management Inc. now owns 20,147 shares of the specialty chemicals company's stock worth $2,444,000 after buying an additional 1,695 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in PPG Industries by 6.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,012 shares of the specialty chemicals company's stock worth $244,000 after buying an additional 114 shares during the period. 81.86% of the stock is owned by institutional investors and hedge funds.

PPG Industries Stock Down 0.2%

PPG Industries stock opened at $119.72 on Friday. PPG Industries, Inc. has a 1-year low of $93.39 and a 1-year high of $133.43. The firm has a market capitalization of $26.45 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 2.19 and a beta of 1.06. The firm's fifty day moving average price is $108.78 and its two-hundred day moving average price is $112.47. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.71.

PPG Industries (NYSE:PPG - Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.13. The firm had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.28 billion. PPG Industries had a net margin of 9.41% and a return on equity of 20.90%. The business's revenue was up 6.6% on a year-over-year basis. During the same period last year, the company earned $2.13 earnings per share. On average, equities research analysts predict that PPG Industries, Inc. will post 7.98 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.74 per share. The ex-dividend date is Tuesday, November 10th. This represents a $2.96 dividend on an annualized basis and a yield of 2.5%. PPG Industries's payout ratio is 42.29%.

PPG Industries News Roundup

Here are the key news stories impacting PPG Industries this week:

• Positive Sentiment: Analysts broadly raised their price targets following PPG’s earnings beat and higher guidance. Wells Fargo lifted its target to $135 and maintained an overweight rating; Barclays raised its target to $137; JPMorgan increased its target to $130 with an overweight rating; and KeyBanc raised its target to $131. Wells Fargo target update KeyBanc target update
• Positive Sentiment: Royal Bank of Canada, UBS and Citigroup also raised their targets, with the new estimates ranging from $123 to $130. These revisions suggest analysts see additional upside after the company’s recent operating performance. Analyst target revisions
• Positive Sentiment: PPG’s third-quarter results exceeded consensus expectations, while discussion of higher guidance supports the outlook for earnings and may reinforce the investment case for the specialty-chemicals manufacturer. PPG Q3 2026 earnings call summary
• Neutral Sentiment: PPG senior information technology manager Jennifer Bourne was named to Pittsburgh Magazine’s 2026 40 Under 40 list. The recognition highlights employee leadership but is unlikely to materially affect near-term financial results. Jennifer Bourne 40 Under 40 announcement
• Negative Sentiment: Morgan Stanley initiated or reiterated a “hold” rating, signaling limited conviction that PPG will outperform at its current valuation. Commentary questioning whether the stock is fairly valued after its earnings beat and guidance increase may also be restraining buying interest. Morgan Stanley hold rating

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Bank of America upgraded PPG Industries from a "neutral" rating to a "buy" rating and upped their price target for the company from $127.00 to $134.00 in a research report on Friday, July 17th. Citigroup raised their price objective on PPG Industries from $118.00 to $130.00 and gave the stock a "neutral" rating in a research report on Thursday. Weiss Ratings restated a "hold (c)" rating on shares of PPG Industries in a research report on Monday, September 14th. Wells Fargo & Company lifted their price objective on PPG Industries from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Royal Bank Of Canada upped their target price on PPG Industries from $115.00 to $123.00 and gave the company a "sector perform" rating in a report on Thursday. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $128.29.

PPG Industries Profile

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company develops products designed to protect, decorate and improve the performance of surfaces and components used in transportation, construction, manufacturing and consumer products.

Its product portfolio includes automotive and commercial vehicle coatings, aerospace coatings, industrial and protective coatings, architectural paints, packaging coatings, and coatings used in marine and other specialty applications.

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