PPG Slides as Margin Pressure Overshadows Solid Q2 Sales Growth

PPG Industries (PPG) is down 5.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The sell-off appears tied less to the headline quarter and more to what investors saw underneath it: margin pressure, weakness in automotive refinish, and an outlook that was only reaffirmed rather than raised. Revenue and organic sales improved, but softer profitability in key areas likely tempered enthusiasm.

Details:

Second-quarter net sales rose 7% to $4.5 billion, while organic sales increased 4%, helped by 2% volume growth and 2% higher selling prices.

Adjusted EPS was $2.23, roughly flat versus a year earlier, while net income and reported EPS both slipped from the prior-year quarter.

Performance Coatings margin weakened as automotive refinish demand lagged, with management pointing to lower sales volumes, a slower recovery in underlying industry demand, and an unfavorable comparison with customer order patterns from last year.

The company kept its full-year adjusted EPS outlook at $7.70 to $8.10 and projected third-quarter adjusted EBITDA margin ranging from flat to down 100 basis points year over year, which may have reinforced concerns that inflation and mix pressure are still limiting upside.

Sources:

PPG Investor Relations, SEC, PPG Earnings Presentation

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$PPG Insider Trading Activity

$PPG insiders have traded $PPG stock on the open market 9 times in the past 6 months. Of those trades, 2 have been purchases and 7 have been sales.

Here’s a breakdown of recent trading of $PPG stock by insiders over the last 6 months:

VINCENT J MORALES (Senior VP & CFO) has made 0 purchases and 5 sales selling 107,767 shares for an estimated $13,939,078.
ANNE M. FOULKES (Sr. VP, Legal & Spl. Projects) sold 3,594 shares for an estimated $447,848
CHANCEY E. HAGERTY (Sr. VP, Auto. Refinish Ctgs.) sold 2,250 shares for an estimated $260,077
JULIANE M. HEFEL (Sr. VP, Ind Coatings & Sp Prod) has made 2 purchases buying 11 shares for an estimated $1,343 and 0 sales.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$PPG Hedge Fund Activity

We have seen 473 institutional investors add shares of $PPG stock to their portfolio, and 383 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PRICE T ROWE ASSOCIATES INC /MD/ removed 3,249,690 shares (-91.1%) from their portfolio in Q1 2026, for an estimated $347,326,867
WELLINGTON MANAGEMENT GROUP LLP removed 3,076,439 shares (-22.9%) from their portfolio in Q1 2026, for an estimated $328,809,800
FIRST TRUST ADVISORS LP added 1,744,528 shares (+321.4%) to their portfolio in Q1 2026, for an estimated $186,455,152
BANK OF NEW YORK MELLON CORP added 1,156,078 shares (+85.6%) to their portfolio in Q1 2026, for an estimated $123,561,616
MARSHALL WACE, LLP added 1,135,684 shares (+1040.9%) to their portfolio in Q1 2026, for an estimated $121,381,905
TIDAL INVESTMENTS LLC added 794,407 shares (+2522.7%) to their portfolio in Q1 2026, for an estimated $84,906,220
BLACKROCK, INC. added 742,623 shares (+3.2%) to their portfolio in Q1 2026, for an estimated $79,371,546

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$PPG Congressional Stock Trading

Members of Congress have traded $PPG stock 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $PPG stock by members of Congress over the last 6 months:

REPRESENTATIVE LLOYD DOGGETT has traded it 2 times. They made 2 purchases worth up to $30,000 on 06/12, 03/12 and 0 sales.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$PPG Price Targets

Multiple analysts have issued price targets for $PPG recently. We have seen 7 analysts offer price targets for $PPG in the last 6 months, with a median target of $129.0.

Here are some recent targets:

Arun Viswanathan from RBC Capital set a target price of $129.0 on 07/08/2026
John McNulty from BMO Capital set a target price of $138.0 on 07/06/2026
John Roberts from Mizuho set a target price of $135.0 on 07/01/2026
Patrick Cunningham from Citigroup set a target price of $125.0 on 06/24/2026
Michael Sison from Wells Fargo set a target price of $130.0 on 04/10/2026
Joshua Spector from UBS set a target price of $110.0 on 04/02/2026
Stephen Richardson from Evercore ISI Group set a target price of $128.0 on 02/18/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.