South Dakota Investment Council Cuts Holdings in PPG Industries, Inc. $PPG

South Dakota Investment Council lowered its position in PPG Industries, Inc. (NYSE:PPG) by 18.4% in the first quarter, HoldingsChannel reports. The fund owned 75,018 shares of the specialty chemicals company’s stock after selling 16,937 shares during the quarter. South Dakota Investment Council’s holdings in PPG Industries were worth $8,018,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PPG. Brighton Jones LLC boosted its position in PPG Industries by 9.1% during the fourth quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock worth $487,000 after purchasing an additional 339 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in PPG Industries by 31.4% in the first quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company’s stock valued at $421,000 after purchasing an additional 920 shares during the period. Empowered Funds LLC increased its position in shares of PPG Industries by 6.1% in the first 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 increased its position in shares of PPG Industries by 40.7% in the first quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock valued at $2,143,000 after buying an additional 5,667 shares in the last quarter. Finally, Cresset Asset Management LLC raised its stake in shares of PPG Industries by 6.2% during 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 period. 81.86% of the stock is owned by hedge funds and other institutional investors.

Key PPG Industries News

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

• Positive Sentiment: Sales growth and guidance support the outlook. PPG’s second-quarter revenue increased 7.2% year over year to $4.50 billion, exceeding estimates of $4.37 billion, while organic growth reached 4%. Management maintained its fiscal 2026 adjusted EPS guidance of $7.70–$8.10, supporting the case that recent operating momentum can continue. PPG Q2 Earnings Lag Estimates Despite Strong Sales Growth
• Positive Sentiment: Buybacks and dividend appeal may provide valuation support. An analysis suggests PPG could be approximately 11% undervalued based on reaffirmed guidance and share repurchases. Another report highlights the company’s attractiveness to income-focused investors because of its dividend profile. PPG Industries Could Be 11% Undervalued
• Positive Sentiment: Data centers are emerging as a potential growth driver. Demand linked to data-center construction could benefit PPG’s coatings business and provide an additional source of industrial growth. Data Centers Emerge as Growth Drivers
• Neutral Sentiment: Analysts remain cautious but still see some upside. UBS, Citigroup and RBC reduced their price targets to $125, $121 and $122, respectively, while maintaining neutral or sector-perform ratings. The cuts imply roughly 8%–12% upside from the reference price but signal limited near-term conviction.
• Negative Sentiment: The EPS miss and margin concerns weigh on sentiment. Adjusted second-quarter EPS of $2.23 fell short of the $2.25 consensus despite broad segment gains. Recent coverage frames coatings demand and margins as crucial tests, increasing investor focus on pricing, costs and profitability. PPG Industries Slides as Earnings Miss Overshadows Revenue Beat

PPG Industries Stock Performance

Shares of NYSE:PPG opened at $112.05 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.58 and a quick ratio of 1.17. The business’s 50 day moving average price is $116.69 and its 200-day moving average price is $113.63. The firm has a market capitalization of $24.98 billion, a PE ratio of 16.05, a P/E/G ratio of 1.65 and a beta of 1.05. PPG Industries, Inc. has a 1 year low of $93.39 and a 1 year high of $133.43.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data 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 firm had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.37 billion. PPG Industries had a net margin of 9.57% and a return on equity of 21.39%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.22 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities research analysts expect that PPG Industries, Inc. will post 7.93 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Monday, August 10th. This is a positive change from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.6%. PPG Industries’s payout ratio is currently 42.41%.

Analysts Set New Price Targets

PPG has been the topic of a number of recent analyst reports. 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 reduced their price objective on shares of PPG Industries from $125.00 to $121.00 and set a “neutral” rating for the company in a research report on Thursday. Wells Fargo & Company decreased 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. UBS Group dropped their target price on shares of PPG Industries from $130.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Wall Street Zen raised shares of PPG Industries from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, PPG Industries presently has a consensus rating of “Hold” and an average price target of $126.00.

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.