Empowered Funds LLC Increases Stock Holdings in PPG Industries, Inc. $PPG

Empowered Funds LLC grew its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 383.7% during the first quarter, Holdings Channel reports. The firm owned 121,827 shares of the specialty chemicals company’s stock after purchasing an additional 96,638 shares during the period. Empowered Funds LLC’s holdings in PPG Industries were worth $13,021,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. State Street Corp grew its position in shares of PPG Industries by 4.6% in the 4th quarter. State Street Corp now owns 12,829,677 shares of the specialty chemicals company’s stock valued at $1,314,529,000 after buying an additional 565,523 shares during the last quarter. Pzena Investment Management LLC lifted its position in PPG Industries by 5.4% in the first quarter. Pzena Investment Management LLC now owns 7,478,646 shares of the specialty chemicals company’s stock valued at $799,318,000 after acquiring an additional 379,879 shares during the last quarter. Franklin Resources Inc. boosted its stake in PPG Industries by 48.9% in the fourth quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company’s stock valued at $716,256,000 after acquiring an additional 2,295,118 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in shares of PPG Industries by 0.4% during the fourth quarter. First Eagle Investment Management LLC now owns 6,290,622 shares of the specialty chemicals company’s stock worth $644,537,000 after purchasing an additional 26,793 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of PPG Industries by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 5,809,127 shares of the specialty chemicals company’s stock worth $592,859,000 after purchasing an additional 135,529 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries News Summary

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

• Positive Sentiment: Second-quarter net sales increased 7.2% year over year to $4.50 billion, exceeding analysts’ $4.37 billion estimate. Organic growth reached 4%, with broad-based gains across PPG’s segments. Adjusted EPS of $2.23 was essentially flat from $2.22 a year earlier. PPG reports second quarter 2026 financial results
• Positive Sentiment: Data centers are emerging as an important growth driver for PPG and peer Sherwin-Williams, potentially supporting demand for protective coatings and related specialty chemicals as artificial-intelligence infrastructure investment expands. Data Centers Emerge as Growth Drivers for PPG, Sherwin-Williams
• Neutral Sentiment: PPG maintained fiscal 2026 adjusted EPS guidance of $7.70–$8.10, a range broadly centered near the $7.89 analyst consensus. The outlook implies continued earnings growth potential but provides limited upside to current expectations. PPG Industries Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
• Negative Sentiment: Adjusted EPS of $2.23 missed consensus estimates ranging from $2.25 to $2.26. Reported net income fell 2% year over year to $439 million, while adjusted net income declined 1% to $500 million, suggesting that higher revenue has not yet translated into meaningful profit growth. PPG Industries slides as earnings miss overshadows revenue beat

PPG Industries Trading Down 6.0%

Shares of PPG opened at $111.87 on Thursday. The stock has a fifty day moving average of $116.58 and a two-hundred day moving average of $113.60. PPG Industries, Inc. has a fifty-two week low of $93.39 and a fifty-two week high of $133.43. The company has a market capitalization of $24.94 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.75 and a beta of 1.05. 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 (NYSE:PPG) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.02). The business had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.37 billion. PPG Industries had a net margin of 9.57% and a return on equity of 21.39%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, analysts forecast that PPG Industries, Inc. will post 7.93 EPS for the current year.

PPG Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 10th will be given a $0.74 dividend. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.96 annualized dividend and a dividend yield of 2.6%. PPG Industries’s dividend payout ratio is 40.51%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group upped their target price on PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. The Goldman Sachs Group dropped their price objective on shares of PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. BMO Capital Markets cut 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. Weiss Ratings upgraded shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. Finally, Bank of America raised PPG Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $127.00 to $134.00 in a report on Friday, July 17th. Seven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $126.13.

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.