ProShare Advisors LLC Sells 48,761 Shares of PPG Industries, Inc. $PPG

Key Points

• ProShare Advisors reduced its PPG Industries stake by 3.3%, selling 48,761 shares and retaining 1.45 million shares valued at approximately $151 million. Institutional investors and hedge funds collectively own 81.86% of PPG.
• PPG reported quarterly earnings of $2.25 per share, beating estimates by $0.13, while revenue rose 6.6% year over year to $4.35 billion. Analysts expect full-year EPS of approximately $7.98.
• The company declared a quarterly dividend of $0.74 per share, or $2.96 annually, representing a 2.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $128.29.

ProShare Advisors LLC lowered its holdings in PPG Industries, Inc. (NYSE:PPG - Free Report) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,447,244 shares of the specialty chemicals company's stock after selling 48,761 shares during the period. ProShare Advisors LLC owned approximately 0.65% of PPG Industries worth $150,991,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vise Technologies Inc. increased its stake in shares of PPG Industries by 38.0% in the third quarter. Vise Technologies Inc. now owns 5,009 shares of the specialty chemicals company's stock valued at $523,000 after buying an additional 1,379 shares in the last quarter. Grandfield & Dodd LLC increased its stake in shares of PPG Industries by 2.6% during the third quarter. Grandfield & Dodd LLC now owns 162,171 shares of the specialty chemicals company's stock worth $16,919,000 after purchasing an additional 4,087 shares during the period. Cidel Asset Management Inc. grew its holdings in shares of PPG Industries by 6.1% during the 3rd quarter. Cidel Asset Management Inc. now owns 2,722 shares of the specialty chemicals company's stock worth $284,000 after purchasing an additional 157 shares in the last quarter. Intrua Financial LLC bought a new position in PPG Industries in the 3rd quarter valued at approximately $523,000. Finally, Moss Adams Wealth Advisors LLC bought a new position in PPG Industries during the 3rd quarter worth $280,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Trading Down 0.2%

PPG Industries stock opened at $119.72 on Friday. PPG Industries, Inc. has a 12-month low of $93.39 and a 12-month high of $133.43. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.58 and a quick ratio of 1.15. The stock has a market capitalization of $26.45 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 2.18 and a beta of 1.06. The firm has a 50 day simple moving average of $108.78 and a 200-day simple moving average of $112.47.

PPG Industries (NYSE:PPG - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The specialty chemicals company reported $2.25 EPS for the quarter, beating the consensus estimate 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 return on equity of 20.90% and a net margin of 9.41%. The company's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.13 EPS. As a group, equities research analysts expect that PPG Industries, Inc. will post 7.98 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Tuesday, November 10th will be given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, November 10th. PPG Industries's dividend payout ratio (DPR) is 42.29%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PPG shares. Bank of America raised shares of PPG Industries from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $127.00 to $134.00 in a report on Friday, July 17th. Sanford C. Bernstein reiterated an "outperform" rating and set a $137.00 target price on shares of PPG Industries in a research note on Thursday. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $128.00 price target on shares of PPG Industries in a report on Friday, October 9th. Citigroup lifted their price objective on shares of PPG Industries from $118.00 to $130.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, BMO Capital Markets dropped their price objective on PPG Industries from $140.00 to $138.00 and set an "outperform" rating on the stock in a report on Monday, July 6th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.29.

Key Headlines Impacting PPG Industries

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

About PPG Industries

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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