National Pension Service Has $55.93 Million Holdings in PPG Industries, Inc. $PPG

National Pension Service lessened its stake in PPG Industries, Inc. (NYSE:PPG) by 3.1% in the second quarter, HoldingsChannel reports. The firm owned 461,094 shares of the specialty chemicals company’s stock after selling 14,536 shares during the period. National Pension Service’s holdings in PPG Industries were worth $55,926,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PPG. Meeder Asset Management Inc. bought a new stake in shares of PPG Industries in the 2nd quarter valued at about $26,000. Keating Financial Advisory Services Inc. acquired a new position in PPG Industries during the second quarter valued at approximately $28,000. Community Bank N.A. bought a new stake in PPG Industries in the second quarter valued at approximately $28,000. Pin Oak Investment Advisors Inc. bought a new stake in PPG Industries in the second quarter valued at approximately $29,000. Finally, Silvant Capital Management LLC acquired a new stake in PPG Industries in the second quarter worth $30,000. Institutional investors own 81.86% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on PPG. BMO Capital Markets lowered their target price on PPG Industries from $140.00 to $138.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. Mizuho upped their target price on PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Weiss Ratings raised shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. KeyCorp began coverage on PPG Industries in a research report on Friday. They issued an “overweight” rating and a $133.00 price objective for the company. Finally, Wall Street Zen cut PPG Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $126.44.

PPG Industries Price Performance

PPG Industries stock opened at $105.55 on Friday. The company has a market capitalization of $23.46 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.70 and a beta of 1.07. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. PPG Industries, Inc. has a 12 month low of $93.39 and a 12 month high of $133.43. The stock’s 50 day moving average is $114.32 and its 200-day moving average is $112.35.

PPG Industries (NYSE:PPG) last issued 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). The firm had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.37 billion. PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.22 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities research analysts expect that PPG Industries, Inc. will post 7.89 EPS for the current year.

PPG Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Monday, August 10th were issued a dividend of $0.74 per share. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, August 10th. PPG Industries’s payout ratio is 42.41%.

PPG Industries News Summary

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

• Positive Sentiment: KeyCorp initiated coverage of PPG Industries with an Overweight rating and a $133 price target, implying approximately 26% upside from the referenced $105.55 share price. The bullish stance indicates confidence in PPG’s valuation and earnings outlook. KeyCorp initiates coverage of PPG Industries
• Positive Sentiment: KeyCorp projected EPS of $2.11 for the third quarter and $1.72 for the fourth quarter, followed by $8.45 for fiscal 2027 and $9.45 for fiscal 2028. The longer-term estimates exceed the current full-year consensus of $7.89, suggesting expectations for earnings growth. KeyCorp PPG earnings estimates
• Neutral Sentiment: PPG hosted an Innovation Day in Tianjin, China, showcasing customer-focused coatings solutions, digital capabilities and its “Inside the Can” and “Outside the Can” innovation strategies. The event reinforces PPG’s long-term product-development and customer-retention efforts, although no immediate financial impact or new guidance was announced. PPG hosts innovation day in Tianjin

PPG Industries Profile

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company supplies protective and decorative coatings used in automotive, aerospace, industrial, marine, packaging and consumer applications. Its products are designed to protect surfaces, improve appearance and provide specialized performance characteristics such as corrosion resistance and durability.

PPG’s portfolio includes automotive refinish coatings, original-equipment automotive coatings, aerospace coatings, industrial and protective coatings, packaging coatings, and architectural paints and coatings.