What smart money is saying about PPG Industries
2 funds in our archive have pitched PPG Industries, most recently Pzena Focused Value in September 2025.
PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The company's Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft. It also provides coatings and finishes for the protection of metals and structures, such as metal fabricators, heavy duty maintenance contractors, and manufacturers of ships, bridges, and rail cars; paints, wood stains, adhesives, and purchased sundries for painting and maintenance contractors, and consumers for decoration and maintenance of residential and commercial building structures; and paints, thermoplastics, pavement marking products, and other technologies for pavement marking. The company's Industrial Coatings segment offers coatings, adhesives and sealants, and metal pretreatments, as well as services and coatings applications for appliances, agricultural and construction equipment, consumer electronics, automotive parts and accessories, building products, kitchenware, and transportation vehicles and other finished products; and on-site coatings services. It also provides coatings for metal cans, closures, plastic tubes, and promotional and specialty packaging; amorphous precipitated silica for tire, battery separator, and other end-uses; TESLIN substrates for labels, e-passports, drivers' licenses, breathable membranes, and loyalty and identification cards; and organic light emitting diode materials, displays and lighting lens materials, optical lenses, color-change products, and photochromic dyes. The company was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania.
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Position history
Between Q2 2025 and Q3 2026, 9 fund letters reported a position in PPG Industries, with 3 buys (opened or added).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 4 | 0 | 0 | 0 |
| Q2 2026 | 3 | 1 | 0 | 0 |
| Q3 2025 | 2 | 2 | 0 | 1 |
| Q2 2025 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 9 positions · 3 moves
- September 2026
Listed in Cooke & Bieler Large Cap Value Equity Strategy’s reported holdings.
PPG Industries - September 2026
“PPG Industries is a global leader in paints and coatings.”
PPG Industries - September 2026
“PPG Industries is a global leader in paints and coatings. The company is geographically diversified with 45% of sales in the US and Canada, 30% in EMEA, and the remainder from Asia and Latin America. Shares were pressured by renewed concerns that higher oil prices would increase input costs for its products.”
PPG Industries - September 2026
“PPG Industries (PPG), a global supplier of paints, coatings, and specialty materials, was the third-largest detractor.”
PPG Industries - June 2026
“Industrials and Materials holdings such as RB Global and PPG Industries also contributed to relative results.”
PPG Industries - June 2026
“Conversely, Materials and Industrials holdings such as PPG Industries and RB Global contributed to relative results.”
PPG Industries - June 2026
“Initiations PPG Industries (PPG) is a global leader in paints and coatings.”
PPG Industries - September 2025
“Transactions We initiated a new position in Applied Materials Inc. during the quarter. The company is a major supplier of semiconductor capital equipment and has market-leading and well-entrenched positions across several segments. The semiconductor capital (semi-cap) equipment sector represents a collection of oligopoly-type sub-markets that have high barriers to entry. There is secular demand growth for semiconductor content across applications, coupled with dramatically increasing chip complexity. We believe that the company’s Service & Parts business (~one-quarter of total revenues currently) is likely to expand, which could dampen the effects of industry cyclicality over the long term. Sales into Chinese semiconductor fabrication plants (fabs) and balancing AI demand with weakness in other areas are near-term headwinds for the company, but we do not believe this will materially impact its long-term fundamentals. We added to the portfolio’s existing positions in Chubb Ltd, PPG Industries Inc. and Amgen Inc.”
PPG Industries - New positionPzena Focused ValueSeptember 2025
“During the quarter, we initiated a new position in PPG Industries, a leading coatings provider.”
PPG Industries
Fund coverage · 2 theses
- Pzena Focused ValueSeptember 2025
PPG Industries is a leading coatings provider with strong historical returns trading at a discount due to growth concerns, while Solventum is a promising medical device spinoff from 3M poised for improvement as an independent company.
Read the full thesis PPG Industries is an attractive investment opportunity due to its diversified revenue streams, strong innovation, potential for earnings recovery, and solid positioning in high-growth markets despite macroeconomic challenges.
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