VELA Investment Management LLC Purchases 13,628 Shares of PPG Industries, Inc. $PPG

Key Points

• VELA Investment Management LLC more than doubled its stake in PPG, buying 13,628 shares in Q4 to hold 25,989 shares worth $2.663 million after the transaction.
• PPG beat Q1 estimates, reaffirmed FY‑2026 guidance of $7.70–$8.10 EPS, and drew several modest analyst price‑target upgrades (Mizuho raised its target to $125) though the consensus rating remains a "Hold" with an average target of $121.79.
• Company insiders have been net sellers recently: CFO Vincent J. Morales sold 78,095 shares for about $10.23 million, and insiders sold 111,361 shares worth $14.39 million over the past 90 days (insiders own 0.33% of the stock).

VELA Investment Management LLC raised its position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 110.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,989 shares of the specialty chemicals company's stock after purchasing an additional 13,628 shares during the quarter. VELA Investment Management LLC's holdings in PPG Industries were worth $2,663,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Nvest Wealth Strategies Inc. acquired a new stake in PPG Industries during the 4th quarter worth approximately $505,000. First Eagle Investment Management LLC increased its position in PPG Industries by 12.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 6,263,829 shares of the specialty chemicals company's stock worth $658,391,000 after purchasing an additional 703,549 shares in the last quarter. Dimensional Fund Advisors LP grew its position in PPG Industries by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 3,020,138 shares of the specialty chemicals company's stock valued at $317,421,000 after acquiring an additional 43,702 shares in the last quarter. GAM Holding AG grew its position in PPG Industries by 97.5% in the third quarter. GAM Holding AG now owns 21,281 shares of the specialty chemicals company's stock valued at $2,237,000 after acquiring an additional 10,508 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in PPG Industries by 19.9% in the third quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company's stock valued at $1,593,443,000 after acquiring an additional 2,521,004 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors.

More PPG Industries News

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

• Positive Sentiment: PPG beat Q1 estimates and reaffirmed FY‑2026 guidance ($7.70–$8.10 EPS); management highlighted pricing power and sales growth, which supports longer‑term earnings expectations. Earnings Highlights
• Positive Sentiment: Mizuho raised its price target to $125 and kept an “outperform” rating — a material upward revision that signals analyst confidence in PPG’s recovery and supports upside sentiment. Mizuho PT Raise
• Neutral Sentiment: BNP Paribas nudged its target to $116 — a modest upgrade that marginally raises consensus valuation but is not a major change to the market narrative. BNP PT Raise
• Neutral Sentiment: UBS increased its price target to $116 while maintaining a “neutral” rating — another small lift but still a neutral stance from a large shop. UBS PT Raise
• Neutral Sentiment: Citigroup slightly raised its target to $114 and kept a neutral rating — consistent with a cautious tone despite the beat. Citigroup PT Raise
• Neutral Sentiment: PPG’s IT team received recognition as “Tech Team of the Year,” which is positive for operational capability but unlikely to move near‑term valuation materially. IT Team Award
• Negative Sentiment: Autobody reporting highlighted a decline in the refinish segment driven by distributor destocking — an operational headwind that trimmed segment revenue and likely pressured near‑term margin visibility. Refinish Decline
• Negative Sentiment: JPMorgan trimmed its target slightly to $125 (from $126) — a small negative signal relative to some larger upward revisions and a reminder of differing analyst views on upside. JPMorgan PT Trim

Insider Buying and Selling at PPG Industries

In related news, CFO Vincent J. Morales sold 78,095 shares of the firm's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $131.00, for a total transaction of $10,230,445.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Anne M. Foulkes sold 3,594 shares of the firm's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $124.61, for a total value of $447,848.34. Following the transaction, the vice president owned 15,641 shares in the company, valued at $1,949,025.01. This trade represents a 18.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 111,361 shares of company stock worth $14,387,293 over the last 90 days. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PPG has been the subject of several recent research reports. Zacks Research raised shares of PPG Industries from a "strong sell" rating to a "hold" rating in a research report on Friday, January 23rd. Citigroup increased their price objective on shares of PPG Industries from $113.00 to $114.00 and gave the company a "neutral" rating in a research report on Thursday. Jefferies Financial Group lowered their price objective on shares of PPG Industries from $125.00 to $116.00 and set a "hold" rating for the company in a research report on Thursday, March 26th. The Goldman Sachs Group lowered their price objective on shares of PPG Industries from $134.00 to $130.00 in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. Six analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $121.79.

PPG Industries Stock Down 0.9%

PPG stock opened at $107.52 on Friday. PPG Industries, Inc. has a twelve month low of $93.39 and a twelve month high of $133.43. The company has a current ratio of 1.61, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $24.06 billion, a P/E ratio of 15.34, a PEG ratio of 1.49 and a beta of 1.06. The firm has a 50 day simple moving average of $109.44 and a 200-day simple moving average of $107.47.

PPG Industries (NYSE:PPG - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, topping analysts' consensus estimates of $1.78 by $0.05. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter last year, the company earned $1.72 earnings per share. The business's quarterly revenue was up 6.7% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities research analysts predict that PPG Industries, Inc. will post 7.9 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 11th will be paid a dividend of $0.71 per share. The ex-dividend date is Monday, May 11th. This represents a $2.84 annualized dividend and a yield of 2.6%. PPG Industries's dividend payout ratio (DPR) is 40.51%.

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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