New York State Teachers Retirement System Has $16.89 Million Stake in PPG Industries, Inc. $PPG

New York State Teachers Retirement System reduced its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 9.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 164,877 shares of the specialty chemicals company’s stock after selling 17,988 shares during the quarter. New York State Teachers Retirement System’s holdings in PPG Industries were worth $16,893,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PPG. Steigerwald Gordon & Koch Inc. acquired a new stake in PPG Industries during the third quarter worth approximately $26,000. Quarry LP acquired a new position in PPG Industries in the third quarter valued at approximately $26,000. Dorato Capital Management acquired a new position in PPG Industries in the fourth quarter valued at approximately $26,000. Root Financial Partners LLC bought a new position in shares of PPG Industries during the 3rd quarter worth approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of PPG Industries during the 4th quarter worth approximately $51,000. 81.86% of the stock is owned by institutional investors and hedge funds.

PPG Industries Price Performance

Shares of PPG opened at $107.52 on Monday. The business’s fifty day moving average is $109.44 and its 200 day moving average is $107.52. PPG Industries, Inc. has a 12-month low of $93.39 and a 12-month high of $133.43. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78. The stock has a market cap of $23.97 billion, a P/E ratio of 15.34, a P/E/G ratio of 1.60 and a beta of 1.06.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, beating 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 analyst estimates of $3.85 billion. During the same quarter in the previous year, the business posted $1.72 EPS. PPG Industries’s quarterly revenue was up 6.7% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Sell-side analysts anticipate that PPG Industries, Inc. will post 7.9 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 11th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, May 11th. PPG Industries’s dividend payout ratio is currently 40.51%.

Trending Headlines about PPG Industries

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 Activity

In other news, VP Anne M. Foulkes sold 3,594 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president directly owned 15,641 shares of the company’s stock, valued at $1,949,025.01. This represents a 18.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Vincent J. Morales sold 78,095 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $131.00, for a total value of $10,230,445.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 111,361 shares of company stock worth $14,387,293. 0.33% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Royal Bank Of Canada lifted their price objective on shares of PPG Industries from $114.00 to $119.00 and gave the company a “sector perform” rating in a research note on Thursday, April 16th. BNP Paribas Exane raised their price target on shares of PPG Industries from $115.00 to $116.00 in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of PPG Industries from $120.00 to $130.00 in a research note on Friday, March 27th. Citigroup increased their price objective on shares of PPG Industries from $113.00 to $114.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Evercore raised their target price on PPG Industries from $112.00 to $128.00 in a research note on Wednesday, February 18th. Six equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, PPG Industries currently has a consensus rating of “Hold” and an average target price of $121.79.

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.