Federated Hermes Inc. Has $12.23 Million Position in PPG Industries, Inc. $PPG

Federated Hermes Inc. lessened its holdings in PPG Industries, Inc. (NYSE:PPG) by 3.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 116,351 shares of the specialty chemicals company’s stock after selling 4,699 shares during the period. Federated Hermes Inc. owned 0.05% of PPG Industries worth $12,230,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PPG. Lazard Asset Management LLC lifted its stake in shares of PPG Industries by 6.6% during the 2nd quarter. Lazard Asset Management LLC now owns 1,576 shares of the specialty chemicals company’s stock worth $179,000 after buying an additional 97 shares during the last quarter. G&S Capital LLC raised its holdings in PPG Industries by 1.9% in the 3rd quarter. G&S Capital LLC now owns 5,620 shares of the specialty chemicals company’s stock valued at $591,000 after acquiring an additional 104 shares during the period. Citizens Financial Group Inc. RI lifted its position in PPG Industries by 0.5% during the second quarter. Citizens Financial Group Inc. RI now owns 22,716 shares of the specialty chemicals company’s stock worth $2,584,000 after acquiring an additional 107 shares during the last quarter. Groupe la Francaise boosted its holdings in shares of PPG Industries by 8.9% during the second quarter. Groupe la Francaise now owns 1,304 shares of the specialty chemicals company’s stock worth $148,000 after acquiring an additional 107 shares during the period. Finally, Farmers Trust Co. grew its position in shares of PPG Industries by 0.7% in the third quarter. Farmers Trust Co. now owns 15,712 shares of the specialty chemicals company’s stock valued at $1,651,000 after purchasing an additional 115 shares during the last quarter. 81.86% of the stock is owned by institutional investors.

Key Headlines Impacting PPG Industries

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

• Positive Sentiment: Multiple major brokers raised price targets and/or upgraded stance, suggesting renewed analyst confidence and upside (notable moves: Wells Fargo to $135, Goldman Sachs to $132, Citi to $132, JPMorgan to $126, Jefferies to $125, UBS to $122). Goldman Sachs Price Target Benzinga roundup
• Positive Sentiment: Management and analysts point to a gradual 2026 rebound: PPG set FY‑2026 EPS guidance (7.70–8.10) and management highlighted aerospace momentum and operational cost reductions as drivers of mid‑single‑digit EPS growth. This underpins the recent analyst upgrades. Seeking Alpha: Guidance and drivers
• Positive Sentiment: Citi has become more constructive—raising its target and highlighting emerging housing tailwinds that could boost coatings demand, a specific end‑market benefit for PPG. InsiderMonkey: Citi view
• Neutral Sentiment: Some upgrades came with neutral/hold ratings (e.g., UBS moved to neutral, Jefferies to hold), indicating that while the outlook is improving, not all analysts see clear near‑term upside—suggesting further share gains may depend on sustained execution. Benzinga: Analyst notes
• Negative Sentiment: Operational risk: PPG’s refinish sales have slipped as OEM coatings outpace the market, a segment headwind that could weigh on near‑term organic growth and margins if it continues. AutobodyNews: Refinish sales slide

Analysts Set New Price Targets

Several analysts recently issued reports on PPG shares. JPMorgan Chase & Co. boosted their price target on PPG Industries from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Thursday. Bank of America dropped their target price on PPG Industries from $118.00 to $116.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. UBS Group boosted their target price on shares of PPG Industries from $110.00 to $122.00 and gave the company a “neutral” rating in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PPG Industries in a research report on Wednesday. Finally, BNP Paribas Exane cut their price objective on shares of PPG Industries from $113.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $123.80.

Insider Buying and Selling

In other news, CFO Vincent J. Morales sold 5,200 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $110.00, for a total value of $572,000.00. Following the sale, the chief financial officer directly owned 28,439 shares in the company, valued at approximately $3,128,290. This trade represents a 15.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.33% of the company’s stock.

PPG Industries Stock Performance

Shares of NYSE:PPG opened at $115.58 on Friday. PPG Industries, Inc. has a 1 year low of $90.24 and a 1 year high of $120.91. The stock has a market capitalization of $25.94 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 3.50 and a beta of 1.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.08. The company’s 50 day simple moving average is $105.14 and its 200 day simple moving average is $105.52.

PPG Industries (NYSE:PPG) last issued its earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). PPG Industries had a net margin of 9.93% and a return on equity of 22.67%. The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the business posted $1.61 EPS. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, research analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 20th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, February 20th. PPG Industries’s payout ratio is currently 40.92%.

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.