Westpac Banking Corp Sells 27,740 Shares of PPG Industries, Inc. $PPG

Posted by Brian Himes on Jun 5th, 2026

Westpac Banking Corp reduced its holdings in shares of PPG Industries, Inc. (NYSE:PPG – Free Report) by 90.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,847 shares of the specialty chemicals company’s stock after selling 27,740 shares during the quarter. Westpac Banking Corp’s holdings in PPG Industries were worth $292,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Pzena Investment Management LLC increased its holdings in PPG Industries by 306.2% during the fourth quarter. Pzena Investment Management LLC now owns 7,098,767 shares of the specialty chemicals company’s stock valued at $727,340,000 after buying an additional 5,351,103 shares during the period. Wellington Management Group LLP grew its stake in PPG Industries by 19.9% in the third quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock valued at $1,593,443,000 after purchasing an additional 2,521,004 shares during the last quarter. Norges Bank bought a new stake in shares of PPG Industries in the 4th quarter valued at about $209,355,000. Franklin Resources Inc. boosted its holdings in shares of PPG Industries by 39.4% in the 3rd quarter. Franklin Resources Inc. now owns 4,695,477 shares of the specialty chemicals company’s stock valued at $493,542,000 after buying an additional 1,326,619 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in shares of PPG Industries by 12.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 6,263,829 shares of the specialty chemicals company’s stock worth $658,391,000 after acquiring an additional 703,549 shares in the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Stock Up 0.6%

NYSE PPG opened at $112.11 on Friday. PPG Industries, Inc. has a one year low of $93.39 and a one year high of $133.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61. The business has a fifty day moving average price of $108.33 and a 200 day moving average price of $109.01. The company has a market cap of $24.99 billion, a P/E ratio of 15.99, a P/E/G ratio of 1.63 and a beta of 1.06.

PPG Industries (NYSE:PPG – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, beating 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 company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the prior year, the firm earned $1.72 EPS. PPG Industries’s quarterly revenue was up 6.7% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Research analysts anticipate that PPG Industries, Inc. will post 7.93 EPS for the current fiscal year.

PPG Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, May 11th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a yield of 2.5%. PPG Industries’s payout ratio is 40.51%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PPG shares. Weiss Ratings downgraded PPG Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Mizuho lifted their price objective on shares of PPG Industries from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft increased their price target on shares of PPG Industries from $120.00 to $130.00 in a report on Friday, March 27th. The Goldman Sachs Group decreased their target price on shares of PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. Finally, Jefferies Financial Group lowered their target price on PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $121.79.

Get Our Latest Stock Analysis 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.