Rakuten Investment Management Inc. Acquires New Shares in PPG Industries, Inc. $PPG

Posted by Geri Gentry on Aug 31st, 2026

Rakuten Investment Management Inc. bought a new position in PPG Industries, Inc. (NYSE:PPG – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 36,509 shares of the specialty chemicals company’s stock, valued at approximately $4,414,000.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PPG. Mizuho increased their price target on PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Bank of America upgraded shares of PPG Industries from a “neutral” rating to a “buy” rating and increased their target price for the company from $127.00 to $134.00 in a research report on Friday, July 17th. BMO Capital Markets lowered their target price on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th. Citigroup dropped their price target on shares of PPG Industries from $125.00 to $121.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Finally, Wall Street Zen cut shares of PPG Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $126.00.

Get Our Latest Analysis on PPG Industries

PPG Industries Trading Down 0.1%

Shares of PPG stock opened at $114.06 on Monday. The stock has a 50-day simple moving average of $116.77 and a 200 day simple moving average of $113.60. PPG Industries, Inc. has a fifty-two week low of $93.39 and a fifty-two week high of $133.43. The stock has a market capitalization of $25.36 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.66 and a beta of 1.07. 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 results 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 return on equity of 21.07% and a net margin of 9.57%.The business had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter last year, the firm posted $2.22 earnings per share. PPG Industries’s revenue 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. On average, sell-side analysts expect that PPG Industries, Inc. will post 7.88 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

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

PPG Industries 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.