Smithfield Trust Co Lowers Position in PPG Industries, Inc. $PPG

Posted by Geri Gentry on May 26th, 2026

Smithfield Trust Co trimmed its stake in PPG Industries, Inc. (NYSE:PPG – Free Report) by 71.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 34,285 shares of the specialty chemicals company’s stock after selling 87,077 shares during the quarter. Smithfield Trust Co’s holdings in PPG Industries were worth $3,515,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. IFP Advisors Inc grew its holdings in PPG Industries by 2.7% in the fourth quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock valued at $338,000 after purchasing an additional 87 shares during the period. Whittier Trust Co. grew its holdings in PPG Industries by 1.4% in the fourth quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock valued at $703,000 after purchasing an additional 89 shares during the period. Applied Capital LLC FL grew its holdings in PPG Industries by 1.5% in the fourth quarter. Applied Capital LLC FL now owns 6,406 shares of the specialty chemicals company’s stock valued at $656,000 after purchasing an additional 95 shares during the period. Concurrent Investment Advisors LLC grew its holdings in PPG Industries by 1.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 5,313 shares of the specialty chemicals company’s stock valued at $544,000 after purchasing an additional 95 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in PPG Industries by 6.6% in the second quarter. Lazard Asset Management LLC now owns 1,576 shares of the specialty chemicals company’s stock valued at $179,000 after purchasing an additional 97 shares during the period. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

PPG Industries Trading Up 0.1%

Shares of PPG stock opened at $107.90 on Tuesday. The stock has a market cap of $24.05 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 1.57 and a beta of 1.06. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78. PPG Industries, Inc. has a fifty-two week low of $93.39 and a fifty-two week high of $133.43. The firm’s 50 day moving average price is $106.59 and its two-hundred day moving average price is $108.12.

PPG Industries (NYSE:PPG – Get Free Report) last posted its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The business had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.85 billion. During the same period in the previous year, the company posted $1.72 earnings per share. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, analysts anticipate that PPG Industries, Inc. will post 7.93 EPS for the current year.

PPG Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, May 11th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, May 11th. PPG Industries’s payout ratio is presently 40.51%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. UBS Group boosted their target price on shares of PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. BNP Paribas Exane lifted their price target on shares of PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. JPMorgan Chase & Co. reduced their price target on shares of PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. Mizuho lifted their price target on shares of PPG Industries from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, Sanford C. Bernstein lifted their price target on shares of PPG Industries from $123.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Five analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $121.79.

Get Our Latest Research Report on PPG Industries

About PPG Industries

(Free Report)

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.