California State Teachers Retirement System Sells 14,029 Shares of PPG Industries, Inc. $PPG

California State Teachers Retirement System decreased its stake in PPG Industries, Inc. (NYSE:PPG) by 2.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 472,931 shares of the specialty chemicals company’s stock after selling 14,029 shares during the quarter. California State Teachers Retirement System’s holdings in PPG Industries were worth $50,547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of PPG Industries by 9.1% during the 4th quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock worth $487,000 after acquiring an additional 339 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake 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 acquiring an additional 920 shares during the last quarter. Empowered Funds LLC lifted its stake in PPG Industries by 6.1% during the first quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock worth $2,882,000 after purchasing an additional 1,526 shares during the last quarter. Woodline Partners LP lifted its stake in PPG Industries by 40.7% during the first quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock worth $2,143,000 after purchasing an additional 5,667 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its holdings in shares of PPG Industries by 6.2% in the 2nd quarter. Cresset Asset Management LLC now owns 6,346 shares of the specialty chemicals company’s stock worth $722,000 after purchasing an additional 371 shares in the last quarter. Hedge funds and other institutional investors 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: 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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Citigroup decreased their price objective on PPG Industries from $125.00 to $121.00 and set a “neutral” rating on the stock in a report on Thursday. Wells Fargo & Company reduced their price target on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Friday, April 10th. Weiss Ratings raised shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Mizuho boosted their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. reduced their target price on shares of PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $126.00.

PPG Industries Price Performance

Shares of PPG Industries stock 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 simple moving average is $116.69 and its two-hundred day simple moving average is $113.63. The stock has a market capitalization of $24.98 billion, a P/E ratio of 16.05, a price-to-earnings-growth ratio of 1.65 and a beta of 1.05. PPG Industries, Inc. has a one year low of $93.39 and a one year high of $133.43.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). PPG Industries had a net margin of 9.57% and a return on equity of 21.39%. The company had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same period last year, the company posted $2.22 EPS. The business’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. Analysts forecast that PPG Industries, Inc. will post 7.93 EPS for the current year.

PPG Industries Increases Dividend

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

PPG Industries 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.