Thrivent Financial for Lutherans Reduces Stock Position in PPG Industries, Inc. $PPG

Thrivent Financial for Lutherans cut its position in PPG Industries, Inc. (NYSE:PPG) by 29.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,606 shares of the specialty chemicals company’s stock after selling 9,931 shares during the period. Thrivent Financial for Lutherans’ holdings in PPG Industries were worth $2,481,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of PPG. Steigerwald Gordon & Koch Inc. acquired a new position in PPG Industries in the 3rd quarter worth approximately $26,000. Root Financial Partners LLC acquired a new stake in PPG Industries during the 3rd quarter valued at approximately $30,000. Gladwyn Financial Advisors Inc. purchased a new stake in shares of PPG Industries in the 2nd quarter valued at $31,000. Vermillion & White Wealth Management Group LLC increased its stake in shares of PPG Industries by 100.7% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 137 shares during the period. Finally, Rothschild Investment LLC raised its holdings in shares of PPG Industries by 184.0% during the second quarter. Rothschild Investment LLC now owns 284 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 184 shares during the last quarter. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting PPG Industries

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

• Positive Sentiment: Zacks raised a few forward quarter and long‑term estimates that could support upside: Q3 2026 EPS was increased to $2.24 (from $2.09), Q2 2027 EPS was raised to $2.64 (from $2.59), and Zacks now models FY2028 at $9.41 EPS — signaling expected longer‑term earnings growth. MarketBeat PPG coverage
• Neutral Sentiment: Zacks retained a “Hold” stance and left the consensus FY2026 figure close to $7.95 EPS despite the revisions, so the report is more a model tweak than a full analyst upgrade/downgrade. Investors may view this as mixed/confirming rather than decisively bullish or bearish. MarketBeat PPG coverage
• Negative Sentiment: Zacks cut several near‑term and FY2026/2027 forecasts: Q1 2026 to $1.69 (from $1.77), Q4 2026 to $1.77 (from $1.93), Q1 2027 to $1.81 (from $1.91), Q3 2027 to $2.23 (from $2.25) and FY2027 to $8.62 (from $8.78). Those downgrades signal softer near‑term momentum and are likely the primary reason for any intra‑day volatility or cautious investor reaction. MarketBeat PPG coverage

Insiders Place Their Bets

In other news, CFO Vincent J. Morales sold 29,672 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $125.00, for a total transaction of $3,709,000.00. Following the completion of the sale, the chief financial officer owned 28,439 shares of the company’s stock, valued at $3,554,875. The trade was a 51.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Chancey E. Hagerty sold 2,250 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $115.59, for a total transaction of $260,077.50. Following the transaction, the vice president owned 8,477 shares of the company’s stock, valued at approximately $979,856.43. This trade represents a 20.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,122 shares of company stock valued at $4,541,078 over the last 90 days. 0.33% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PPG has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PPG Industries in a report on Wednesday, January 28th. UBS Group boosted their price objective on PPG Industries from $110.00 to $122.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Zacks Research raised PPG Industries from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. The Goldman Sachs Group boosted their price target on PPG Industries from $118.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, JPMorgan Chase & Co. upped their price objective on PPG Industries from $117.00 to $126.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $123.71.

PPG Industries Stock Performance

NYSE PPG opened at $129.11 on Wednesday. The stock has a market capitalization of $28.97 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 1.92 and a beta of 1.16. The stock has a 50-day moving average of $108.59 and a 200 day moving average of $105.88. The company has a current ratio of 1.47, a quick ratio of 1.08 and a debt-to-equity ratio of 0.74. PPG Industries, Inc. has a twelve month low of $90.24 and a twelve month high of $129.40.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.06). The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.77 billion. PPG Industries had a net margin of 9.93% and a return on equity of 22.67%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.61 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Sell-side analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 20th will be given a dividend of $0.71 per share. The ex-dividend date is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a yield of 2.2%. PPG Industries’s dividend payout ratio is currently 40.92%.

PPG Industries Company 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.