Rep. Lloyd Doggett Acquires Shares of PPG Industries, Inc. (NYSE:PPG)

Representative Lloyd Doggett (Democratic-Texas) recently bought shares of PPG Industries, Inc. (NYSE:PPG). In a filing disclosed on July 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in PPG Industries stock on June 12th.

Representative Lloyd Doggett also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 6/18/2026.
• Purchased $1,001 – $15,000 in shares of International Business Machines (NYSE:IBM) on 6/10/2026.
• Purchased $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 6/9/2026.
• Purchased $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 5/15/2026.

PPG Industries Stock Performance

PPG opened at $120.19 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61. PPG Industries, Inc. has a 52-week low of $93.39 and a 52-week high of $133.43. The firm has a market cap of $26.79 billion, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 1.81 and a beta of 1.05. The business’s fifty day moving average is $113.60 and its 200-day moving average is $112.22.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $3.85 billion. During the same period in the previous year, the business earned $1.72 earnings per share. The company’s 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 expect that PPG Industries, Inc. will post 7.93 EPS for the current fiscal year.

PPG Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, May 11th were issued a $0.71 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.84 annualized dividend and a yield of 2.4%. PPG Industries’s payout ratio is currently 40.51%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PPG shares. The Goldman Sachs Group decreased their target price on PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. Citigroup lifted their price target on shares of PPG Industries from $114.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, June 24th. JPMorgan Chase & Co. dropped their price objective on shares of PPG Industries from $126.00 to $125.00 in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Finally, BMO Capital Markets decreased their target price on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a research note on Monday. Six research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, PPG Industries currently has a consensus rating of “Hold” and a consensus price target of $124.27.

Hedge Funds Weigh In On PPG Industries

A number of hedge funds have recently modified their holdings of the business. Pzena Investment Management LLC lifted its holdings in PPG Industries by 306.2% in the fourth quarter. Pzena Investment Management LLC now owns 7,098,767 shares of the specialty chemicals company’s stock valued at $727,340,000 after buying an additional 5,351,103 shares during the period. Wellington Management Group LLP grew its holdings in PPG Industries by 19.9% during the 3rd quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock worth $1,593,443,000 after acquiring an additional 2,521,004 shares during the period. Franklin Resources Inc. raised its position in shares of PPG Industries by 48.9% in the 4th quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company’s stock worth $716,256,000 after acquiring an additional 2,295,118 shares in the last quarter. Norges Bank acquired a new position in shares of PPG Industries in the 4th quarter valued at about $209,355,000. Finally, First Trust Advisors LP boosted its position in shares of PPG Industries by 321.4% during the 1st quarter. First Trust Advisors LP now owns 2,287,261 shares of the specialty chemicals company’s stock valued at $244,462,000 after purchasing an additional 1,744,528 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

About Representative Doggett

Lloyd Doggett (Democratic Party) is a member of the U.S. House, representing Texas’ 37th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Doggett (Democratic Party) is running for re-election to the U.S. House to represent Texas’ 37th Congressional District. He declared candidacy for the 2026 election.

Lloyd Doggett was born in Austin, Texas. Doggett graduated from Austin High School in 1964. He earned a B.A. from the University of Texas at Austin in 1967 and a J.D. from the University of Texas in 1970. Doggett’s career experience includes working as an adjunct professor with the University of Texas School of Law. In the 116th Congress, Doggett served on the House Ways & Means Committee, and he co-founded the House Prescription Drug Taskforce.

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.