Kevin Braun Adds to PPG Industries Stake with Recent Purchase
PPG's Sr VP, Operations, Kevin Braun, buys shares at $121.53 on June 15, 2026.
Key Points
- Kevin Braun, Sr VP of Operations at PPG Industries, bought shares at $121.53 each on June 15, 2026.
- PPG Industries has a market cap of $27.1 billion, a P/E ratio of 17.1, and a 52-week high of $133.43.
- BMO Capital maintains a buy rating with a $140 price target for PPG Industries as of June 15, 2026.
Kevin Braun, the Senior Vice President of Operations at PPG Industries, Inc. (NYSE:PPG), purchased shares of the company on June 15, 2026. Braun acquired the shares at a price of $121.53 each, signaling confidence in the company's prospects.
Insider Buying and Selling at PPG Industries, Inc.
On June 15, 2026, several insiders at PPG Industries, including Kevin Braun, took the opportunity to buy shares. Braun, along with Anne Foulkes, Senior VP of Legal & Special Projects, and Alisha Bellezza, Senior VP of Automotive Coatings, each purchased shares at $121.53. CEO Timothy Knavish also acquired shares at the same price, demonstrating a unified show of confidence from the company's leadership.
Other Institutional Activity in PPG Industries
Institutional investors have been active in PPG Industries as well. BlackRock, Inc. increased its holdings by 742,623 shares, bringing its total to 24,023,415 shares worth about $2.57 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both significantly boosted their positions, ending with 14,539,229 and 12,826,055 shares, respectively. Meanwhile, State Street Corp slightly trimmed its stake by 82,670 shares to 12,747,007 shares worth approximately $1.36 billion, and Wellington Management Group LLP reduced its holdings by 3,076,439 shares to 10,372,845 shares, valued at $1.11 billion.
PPG Industries Stock Snapshot
Shares of PPG Industries (NYSE:PPG) traded near $121.53. The company has a market capitalization of $27.1 billion and a P/E ratio of 17.1, with a forward P/E of 14.0. The stock has seen a 52-week range from $93.39 to $133.43. PPG's current and quick ratios stand at 1.61 and 1.07, respectively, with a debt-to-equity ratio of 93.74.
Recent Earnings
PPG Industries reported revenue of $16.12 billion, with a revenue growth of 6.7%. The company achieved a net margin of 9.8% and a return on equity of 20.7%. Earnings per share were $7.11. The next earnings report is expected on July 28, 2026.
Dividend
PPG Industries offers an annual dividend rate of $2.84, yielding 2.34%. The payout ratio is 40.3%, indicating a sustainable dividend policy.
Analysts Set New Price Targets
On June 15, 2026, BMO Capital maintained its buy rating for PPG Industries, setting a price target of $140. Citigroup, in an earlier update on April 30, 2026, maintained a hold rating with a $114 target. RBC Capital and Wells Fargo have also maintained their ratings, with targets of $119 and $130, respectively. The consensus among 20 analysts gives PPG a buy recommendation, with a mean target price of $123.
About PPG Industries
PPG Industries, Inc., headquartered in Pittsburgh, Pennsylvania, is a global supplier of paints, coatings, and specialty materials. The company operates through three main segments: Global Architectural Coatings, Performance Coatings, and Industrial Coatings. PPG serves a diverse range of markets, including aerospace, automotive, and industrial manufacturing, through a network of company-owned stores, distributors, and online platforms.
Bottom Line
Kevin Braun's recent purchase of PPG Industries shares highlights insider confidence in the company's future. Investors often track such insider activity as a potential indicator of the company's prospects. However, it is important to remember that these filings reflect past transactions and may not indicate current positions.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.