PPG Industries CEO Timothy Knavish Buys Company Shares
CEO Timothy Knavish purchased 28 shares of PPG Industries, emphasizing his confidence in the company.
Key Points
- On June 15, 2026, PPG Industries CEO Timothy Knavish bought 28 shares at $121.53 each, totaling $3,402.84.
- PPG Industries has a market cap of about $27.1 billion and a P/E ratio of 17.1, with a 52-week range of $93.39 to $133.43.
- Analysts maintain a 'buy' consensus with a target price of $123, while BMO Capital set a high target of $140.
On June 15, 2026, Timothy Knavish, the Chairman and CEO of PPG Industries, Inc. (NYSE: PPG), bought 28 shares of the company at $121.53 each. This insider purchase, valued at $3,402.84, was not part of a pre-planned trading program.
Insider Buying and Selling at PPG Industries, Inc.
Several insiders at PPG Industries made stock purchases on June 15, 2026. Alongside CEO Timothy Knavish, Anne Foulkes, Senior Vice President of Legal & Special Projects, bought 16 shares, and Alisha Bellezza, Senior Vice President of Automotive Coatings, acquired 1 share, both at the same price of $121.53. Earlier, on June 12, Michael Lamach bought 81 shares at $119.34, and Kevin Braun, Senior Vice President of Operations, added 5 shares to his holdings.
Other Institutional Activity in PPG Industries
Among institutional investors, BlackRock, Inc. increased its stake in PPG Industries by 742,623 shares, bringing its total to 24,023,415 shares worth approximately $2.57 billion. Vanguard Capital Management LLC established a new position with 14,539,229 shares valued at around $1.55 billion. Vanguard Portfolio Management LLC also initiated a new holding, acquiring 12,826,055 shares worth about $1.37 billion. Conversely, State Street Corp reduced its position by 82,670 shares, ending with 12,747,007 shares valued at $1.36 billion. Wellington Management Group LLP significantly cut its holdings by 3,076,439 shares, now holding 10,372,845 shares valued at $1.11 billion.
PPG Industries Stock Snapshot
Shares of NYSE:PPG traded near $121.53. PPG Industries has a market cap of about $27.1 billion, with a P/E ratio of 17.1 and a forward P/E of 14.0. The stock has a 52-week low of $93.39 and a high of $133.43. Its 50-day moving average is $109.87, and the 200-day moving average is $107.71. The company maintains a current ratio of 1.61 and a quick ratio of 1.07, with a debt-to-equity ratio of 93.74.
Recent Earnings
PPG Industries reported a revenue of $16.12 billion, with a growth of 6.7%. The company posted an earnings per share (EPS) of $7.11, and a net margin of 9.8%, with a return on equity (ROE) of 20.7%. The next earnings release is scheduled for July 28, 2026.
Dividend
PPG Industries offers an annual dividend rate of $2.84, yielding 2.34%, with a payout ratio of 40.26%.
Analysts Set New Price Targets
On June 15, 2026, BMO Capital maintained its 'buy' rating for PPG Industries, setting a price target of $140. The consensus among analysts is a 'buy' rating, with a mean target price of $123, based on 20 analyst opinions.
About PPG Industries
PPG Industries, Inc., headquartered in Pittsburgh, Pennsylvania, is a major player in the specialty chemicals sector. The company manufactures and distributes a wide range of paints, coatings, and specialty materials across multiple regions, including North America, Asia Pacific, and Europe. It operates through segments like Global Architectural Coatings, Performance Coatings, and Industrial Coatings, serving various industries from aerospace to automotive.
Bottom Line
Timothy Knavish's insider purchase of PPG Industries shares underscores his confidence in the company's future. Investors often watch such moves closely, as they can provide insights into management's outlook. It's important to note that this information reflects past activity and does not necessarily 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.