The Manufacturers Life Insurance Company Takes Position in PPG Industries, Inc. $PPG

Posted by on Aug 29th, 2026

The Manufacturers Life Insurance Company bought a new position in shares of PPG Industries, Inc. (NYSE:PPG – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor bought 112,489 shares of the specialty chemicals company’s stock, valued at approximately $13,644,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Cooke & Bieler LP grew its holdings in shares of PPG Industries by 16.7% during the 4th quarter. Cooke & Bieler LP now owns 1,616,672 shares of the specialty chemicals company’s stock worth $165,644,000 after purchasing an additional 231,537 shares in the last quarter. Bank of Nova Scotia acquired a new position in PPG Industries during the 2nd quarter worth approximately $2,850,000. Equity Investment Corp lifted its stake in shares of PPG Industries by 3.4% in the 4th quarter. Equity Investment Corp now owns 995,323 shares of the specialty chemicals company’s stock valued at $101,981,000 after acquiring an additional 32,337 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of PPG Industries by 6.6% during the fourth quarter. ProShare Advisors LLC now owns 1,600,226 shares of the specialty chemicals company’s stock valued at $163,959,000 after purchasing an additional 98,430 shares in the last quarter. Finally, Entropy Technologies LP lifted its holdings in shares of PPG Industries by 80.2% during the fourth quarter. Entropy Technologies LP now owns 61,784 shares of the specialty chemicals company’s stock worth $6,330,000 after purchasing an additional 27,493 shares during the period. Institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Performance

PPG Industries stock opened at $114.06 on Friday. The company has a market capitalization of $25.36 billion, a PE ratio of 16.34, a P/E/G ratio of 1.65 and a beta of 1.07. PPG Industries, Inc. has a twelve month low of $93.39 and a twelve month high of $133.43. The firm has a fifty day simple moving average of $116.77 and a two-hundred day simple moving average of $113.70. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.72.

PPG Industries (NYSE:PPG – Get Free Report) last issued 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). PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. The firm had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same period last year, the company posted $2.22 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Research analysts expect that PPG Industries, Inc. will post 7.89 EPS for the current year.

PPG Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.74 per share. The ex-dividend date 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 yield of 2.6%. PPG Industries’s dividend payout ratio (DPR) is presently 42.41%.

Wall Street Analysts Forecast Growth

PPG has been the topic of a number of research reports. Wall Street Zen downgraded shares of PPG Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. UBS Group decreased their price target on PPG Industries from $130.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Citigroup decreased 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 note on Thursday, July 30th. The Goldman Sachs Group lowered their target price on PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Finally, Mizuho upped their price objective on PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Seven equities 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, the company presently has a consensus rating of “Hold” and a consensus price target of $126.00.

Read Our Latest Stock Analysis on PPG Industries

PPG Industries Company Profile

(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.

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Institutional Ownership by Quarter for PPG Industries (NYSE:PPG)

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