Varma Mutual Pension Insurance Co Purchases New Position in PPG Industries, Inc. $PPG

Key Points

• Varma Mutual Pension Insurance Co. acquired 134,886 shares of PPG Industries worth approximately $16.36 million, while institutional investors collectively own 81.86% of the company.
• PPG reported quarterly revenue of $4.50 billion, up 7.2% year over year, but earnings per share of $2.23 fell slightly short of analyst expectations. The company provided fiscal 2026 EPS guidance of $7.70–$8.10.
• PPG increased its quarterly dividend from $0.71 to $0.74 per share, implying an annualized dividend of $2.96 and a 2.6% yield; analysts maintain a consensus “Hold” rating with a $126 price target.

Varma Mutual Pension Insurance Co acquired a new position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 134,886 shares of the specialty chemicals company's stock, valued at approximately $16,360,000. Varma Mutual Pension Insurance Co owned approximately 0.06% of PPG Industries at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PPG. BlackRock Inc. acquired a new stake in PPG Industries in the second quarter valued at approximately $2,856,392,000. Pzena Investment Management LLC acquired a new stake in PPG Industries during the 2nd quarter valued at $946,964,000. Bank of New York Mellon Corp purchased a new stake in PPG Industries during the 2nd quarter worth $318,870,000. Franklin Resources Inc. lifted its holdings in PPG Industries by 48.9% in the 4th quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company's stock worth $716,256,000 after buying an additional 2,295,118 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of PPG Industries during the fourth quarter valued at about $209,355,000. Institutional investors and hedge funds own 81.86% of the company's stock.

PPG Industries Stock Up 1.2%

PPG opened at $113.81 on Friday. The stock's 50 day moving average price is $117.31 and its 200 day moving average price is $114.01. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.15. The stock has a market cap of $25.30 billion, a P/E ratio of 16.31, a P/E/G ratio of 1.65 and a beta of 1.07. PPG Industries, Inc. has a 12 month low of $93.39 and a 12 month high of $133.43.

PPG Industries (NYSE:PPG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing analysts' consensus estimates of $2.25 by ($0.02). PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The firm had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same period in the prior year, the firm posted $2.22 EPS. The firm's quarterly revenue was up 7.2% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, research analysts predict that PPG Industries, Inc. will post 7.89 earnings per share for the current year.

PPG Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 10th will be given a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 2.6%. This is an increase from PPG Industries's previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Monday, August 10th. PPG Industries's payout ratio is 42.41%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PPG shares. JPMorgan Chase & Co. reduced their price target on PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. Mizuho increased their target price on PPG Industries from $125.00 to $135.00 and gave the company an "outperform" rating in a research note on Wednesday, July 1st. BNP Paribas Exane lifted their price target on shares of PPG Industries from $115.00 to $116.00 in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of PPG Industries from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, June 17th. Finally, BMO Capital Markets cut their target price on shares of PPG Industries from $140.00 to $138.00 and set an "outperform" rating on the stock in a research note on Monday, July 6th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, PPG Industries currently has an average rating of "Hold" and a consensus target price of $126.00.

PPG Industries Profile

PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.

PPG's product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.

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