48,761 PPG Industries, Inc. $PPG Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its position in PPG Industries, Inc. (NYSE:PPG) by 3.3% in the third quarter, Holdings Channel reports. The fund owned 1,447,244 shares of the specialty chemicals company’s stock after selling 48,761 shares during the period. ProShare Advisors LLC’s holdings in PPG Industries were worth $150,991,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PPG. Vise Technologies Inc. boosted its position in PPG Industries by 38.0% during the 3rd quarter. Vise Technologies Inc. now owns 5,009 shares of the specialty chemicals company’s stock worth $523,000 after purchasing an additional 1,379 shares during the period. Grandfield & Dodd LLC increased its holdings in shares of PPG Industries by 2.6% during the 3rd quarter. Grandfield & Dodd LLC now owns 162,171 shares of the specialty chemicals company’s stock valued at $16,919,000 after acquiring an additional 4,087 shares during the last quarter. Cidel Asset Management Inc. boosted its stake in shares of PPG Industries by 6.1% in the 3rd quarter. Cidel Asset Management Inc. now owns 2,722 shares of the specialty chemicals company’s stock valued at $284,000 after purchasing an additional 157 shares in the last quarter. Intrua Financial LLC acquired a new position in PPG Industries in the third quarter valued at about $523,000. Finally, Moss Adams Wealth Advisors LLC bought a new position in shares of PPG Industries in the 3rd quarter valued at about $280,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

Key Stories Impacting PPG Industries

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

• Positive Sentiment: Analysts broadly raised their price targets following PPG’s earnings beat and higher guidance. Wells Fargo lifted its target to $135 and maintained an overweight rating; Barclays raised its target to $137; JPMorgan increased its target to $130 with an overweight rating; and KeyBanc raised its target to $131. Wells Fargo target update KeyBanc target update
• Positive Sentiment: Royal Bank of Canada, UBS and Citigroup also raised their targets, with the new estimates ranging from $123 to $130. These revisions suggest analysts see additional upside after the company’s recent operating performance. Analyst target revisions
• Positive Sentiment: PPG’s third-quarter results exceeded consensus expectations, while discussion of higher guidance supports the outlook for earnings and may reinforce the investment case for the specialty-chemicals manufacturer. PPG Q3 2026 earnings call summary
• Neutral Sentiment: PPG senior information technology manager Jennifer Bourne was named to Pittsburgh Magazine’s 2026 40 Under 40 list. The recognition highlights employee leadership but is unlikely to materially affect near-term financial results. Jennifer Bourne 40 Under 40 announcement
• Negative Sentiment: Morgan Stanley initiated or reiterated a “hold” rating, signaling limited conviction that PPG will outperform at its current valuation. Commentary questioning whether the stock is fairly valued after its earnings beat and guidance increase may also be restraining buying interest. Morgan Stanley hold rating

PPG Industries Stock Down 0.2%

PPG opened at $119.72 on Friday. The firm has a market cap of $26.45 billion, a P/E ratio of 17.10, a PEG ratio of 2.18 and a beta of 1.06. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.71. The business’s fifty day simple moving average is $108.78 and its 200 day simple moving average is $112.47. PPG Industries, Inc. has a 52 week low of $93.39 and a 52 week high of $133.43.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Tuesday, October 27th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.13. PPG Industries had a net margin of 9.41% and a return on equity of 20.90%. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same period last year, the firm posted $2.13 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities research analysts anticipate that PPG Industries, Inc. will post 7.98 EPS for the current fiscal year.

PPG Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Tuesday, November 10th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $2.96 annualized dividend and a yield of 2.5%. PPG Industries’s dividend payout ratio is 42.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PPG shares. BMO Capital Markets dropped their price target on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. UBS Group upped their target price on PPG Industries from $116.00 to $123.00 and gave the stock a “neutral” rating in a research note on Thursday. Wall Street Zen downgraded PPG Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. KeyCorp raised their target price on shares of PPG Industries from $128.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Wells Fargo & Company raised their price objective on PPG Industries from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, PPG Industries has an average rating of “Moderate Buy” and an average price target of $128.29.

PPG Industries Company Profile

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company develops products designed to protect, decorate and improve the performance of surfaces and components used in transportation, construction, manufacturing and consumer products.

Its product portfolio includes automotive and commercial vehicle coatings, aerospace coatings, industrial and protective coatings, architectural paints, packaging coatings, and coatings used in marine and other specialty applications.