The Manufacturers Life Insurance Company Reduces Stake in PPG Industries, Inc. $PPG

The Manufacturers Life Insurance Company reduced its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 7.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 118,756 shares of the specialty chemicals company’s stock after selling 9,686 shares during the period. The Manufacturers Life Insurance Company’s holdings in PPG Industries were worth $12,693,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PPG. Quarry LP purchased a new position in PPG Industries in the third quarter valued at approximately $26,000. Resources Management Corp CT ADV increased its position in PPG Industries by 900.0% in the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 225 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in PPG Industries in the fourth quarter worth $30,000. DV Equities LLC bought a new stake in shares of PPG Industries in the fourth quarter valued at $32,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of PPG Industries in the fourth quarter valued at $51,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PPG shares. Mizuho increased their price target on PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Weiss Ratings upgraded PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Wells Fargo & Company dropped their price objective on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Friday, April 10th. BNP Paribas Exane increased their target price on shares of PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. Finally, Wall Street Zen downgraded shares of PPG Industries from a “buy” rating to a “hold” rating in a research note on Saturday. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $126.00.

PPG Industries Price Performance

PPG Industries stock opened at $110.64 on Monday. PPG Industries, Inc. has a one year low of $93.39 and a one year high of $133.43. The business has a fifty day moving average price of $116.74 and a 200-day moving average price of $113.65. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.15. The firm has a market capitalization of $24.60 billion, a P/E ratio of 15.85, a PEG ratio of 1.60 and a beta of 1.05.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.02). PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. The company had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter last year, the firm posted $2.22 earnings per share. PPG Industries’s revenue for the quarter was up 7.2% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities research analysts forecast that PPG Industries, Inc. will post 7.9 EPS for the current year.

PPG Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, August 10th. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. PPG Industries’s payout ratio is presently 42.41%.

More PPG Industries News

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

• Positive Sentiment: PPG’s reaffirmed 2026 earnings guidance and planned share repurchases could support per-share earnings and suggest management remains confident in its outlook. One analysis estimates the stock may be about 11% undervalued. PPG Industries could be 11% undervalued
• Positive Sentiment: PPG continues to attract attention as a dividend stock, offering income support that may appeal to long-term investors while the share price remains below its prior-year high. Why PPG is a great dividend stock
• Neutral Sentiment: Citigroup cut its PPG price target to $121 from $125 while maintaining a neutral rating. UBS lowered its target to $125 from $130 and also kept a neutral rating, while RBC reduced its target to $122 from $129 with a sector-perform rating. The revised targets still imply upside from the current share level, but the cuts signal more cautious near-term expectations. Citigroup lowers PPG price target
• Negative Sentiment: Recent coverage highlights a critical test for PPG’s coatings demand and margins. Investors are watching whether the company can convert revenue growth into stronger profitability amid potentially difficult market conditions. PPG faces a crucial coatings test PPG faces a critical margin test

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.