Kathy Lynn Fortmann Acquires PPG Industries Shares
Kathy Lynn Fortmann purchased 35 shares of PPG Industries at $119.34 per share.
Key Points
- Kathy Lynn Fortmann bought 35 shares of PPG Industries, Inc. at $119.34 each, totaling $4,176.90, on June 12, 2026.
- PPG Industries, Inc. trades on the NYSE with a market cap of $26.6 billion and a P/E ratio of 17.1.
- Analysts from BMO Capital maintained a buy rating with a $140 target, while Citigroup downgraded to hold with a $113 target.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
On June 12, 2026, Kathy Lynn Fortmann purchased 35 shares of PPG Industries, Inc. (NYSE:PPG) at a price of $119.34 each. This transaction was valued at $4,176.90 and was not part of a pre-planned trading program.
Insider Buying and Selling at PPG Industries, Inc.
Kathy Lynn Fortmann's recent purchase was part of a series of insider transactions at PPG Industries. On the same day, several other insiders, including Michael Lamach and Kathleen Ligocki, also bought shares at the same price. These transactions were direct acquisitions and not under any pre-arranged plans.
Other Institutional Activity in PPG Industries
In the broader institutional landscape, BlackRock, Inc. increased its holdings in PPG Industries by 742,623 shares, bringing its total to 24,023,415 shares valued at approximately $2.57 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both maintained their positions, holding 14,539,229 and 12,826,055 shares, respectively. Meanwhile, State Street Corp slightly reduced its stake by 82,670 shares, now holding 12,747,007 shares worth about $1.36 billion. Wellington Management Group LLP made a significant reduction, cutting 3,076,439 shares, ending with 10,372,845 shares valued at $1.11 billion.
PPG Industries, Inc. Stock Up 6.4%
Shares of PPG Industries are currently trading around $119.34. The company boasts a market capitalization of approximately $26.6 billion and a P/E ratio of 17.1. With a beta of 1.062, the stock has traded between $93.39 and $133.43 over the past 52 weeks. Its 50-day moving average stands at $109.51, while the 200-day moving average is $107.67. The company maintains a current ratio of 1.61 and a quick ratio of 1.07.
$PPG stock price
Daily closing prices, year to date. Not investment advice.
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 had earlier downgraded the stock to a hold rating with a $113 target on April 1, 2026. Other firms like Wells Fargo and RBC Capital have maintained buy and hold ratings, with targets of $130 and $119, respectively.
About PPG Industries
PPG Industries, Inc. is a global supplier of paints, coatings, and specialty materials headquartered in Pittsburgh, Pennsylvania. The company operates in the Basic Materials sector, focusing on the Specialty Chemicals industry. Led by CEO Timothy M. Knavish, PPG Industries employs around 43,500 people. The company serves customers worldwide through segments including Global Architectural Coatings, Performance Coatings, and Industrial Coatings, delivering products to retail outlets, distributors, and manufacturers.
Bottom Line
Kathy Lynn Fortmann's recent purchase of PPG Industries shares highlights continued insider interest in the company. Investors often track these insider activities as potential indicators of confidence in the company's future. However, it's important to remember that these transactions are backward-looking snapshots and may not reflect current positions or future actions.
Get PPG Industries, Inc. alerts
New 13F filings, insider trades, and analyst moves on $PPG, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.