Wealthfront Advisers LLC Sells 7,510 Shares of PPG Industries, Inc. $PPG

Wealthfront Advisers LLC cut its stake in PPG Industries, Inc. (NYSE:PPG) by 34.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,565 shares of the specialty chemicals company’s stock after selling 7,510 shares during the quarter. Wealthfront Advisers LLC’s holdings in PPG Industries were worth $1,492,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in PPG Industries by 9.1% in the fourth quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock valued at $487,000 after purchasing an additional 339 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of PPG Industries by 31.4% during the first quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company’s stock valued at $421,000 after buying an additional 920 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of PPG Industries by 6.1% in the 1st quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock valued at $2,882,000 after buying an additional 1,526 shares in the last quarter. Woodline Partners LP grew its position in shares of PPG Industries by 40.7% in the 1st quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock worth $2,143,000 after buying an additional 5,667 shares during the last quarter. Finally, Cresset Asset Management LLC grew its position in shares of PPG Industries by 6.2% in the 2nd quarter. Cresset Asset Management LLC now owns 6,346 shares of the specialty chemicals company’s stock worth $722,000 after buying an additional 371 shares during the last quarter. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PPG has been the subject of a number of analyst reports. Royal Bank Of Canada increased their target price on shares of PPG Industries from $114.00 to $119.00 and gave the company a “sector perform” rating in a research report on Thursday, April 16th. KeyCorp reaffirmed a “sector weight” rating on shares of PPG Industries in a research report on Thursday, January 29th. Wells Fargo & Company lowered their price objective on PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Friday, April 10th. Evercore boosted their target price on PPG Industries from $112.00 to $128.00 in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. decreased their price target on PPG Industries from $126.00 to $125.00 in a research note on Thursday. Six analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $121.79.

Key Headlines Impacting 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 related news, VP Anne M. Foulkes sold 3,594 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were 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 approximately $1,949,025.01. This represents a 18.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vincent J. Morales sold 78,095 shares of the firm’s stock in a transaction that occurred 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 111,361 shares of company stock valued at $14,387,293. Company insiders own 0.33% of the company’s stock.

PPG Industries Trading Down 0.9%

NYSE PPG opened at $107.52 on Friday. PPG Industries, Inc. has a 12-month low of $93.39 and a 12-month high of $133.43. The company has a fifty day simple moving average of $109.44 and a two-hundred day simple moving average of $107.47. 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 stock has a market cap of $24.06 billion, a P/E ratio of 15.34, a P/E/G ratio of 1.49 and a beta of 1.06.

PPG Industries (NYSE:PPG) last released its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.05. The firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The firm’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, analysts forecast that PPG Industries, Inc. will post 7.9 earnings per share for the current year.

PPG Industries Announces Dividend

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

About PPG Industries

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.