US Bancorp DE Reduces Stake in PPG Industries

Financial firm sells 13,118 shares of specialty chemicals company

Mar. 3, 2026 at 12:15am

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US Bancorp DE, an institutional investor, reduced its position in PPG Industries, Inc. (NYSE:PPG) by 8.5% during the third quarter, according to a recent 13F filing with the SEC. The firm now owns 140,357 shares of the specialty chemicals company's stock, valued at around $14.75 million.

Why it matters

This transaction provides insight into the investment strategies of major institutional investors like US Bancorp DE and their views on the performance and outlook of PPG Industries, a prominent specialty chemicals company.

The details

According to the 13F filing, US Bancorp DE sold 13,118 shares of PPG Industries during the third quarter, reducing its total stake in the company to 140,357 shares. PPG Industries is a global supplier of paints, coatings, and specialty materials serving industrial, transportation, consumer, and construction markets.

  • The transaction occurred during the third quarter of the year.

The players

US Bancorp DE

A major institutional investor and financial services firm.

PPG Industries, Inc.

A global specialty chemicals company that produces paints, coatings, and other materials.

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The takeaway

This reduction in US Bancorp DE's position in PPG Industries suggests the firm may have a more cautious outlook on the specialty chemicals company's performance or growth prospects compared to previous quarters. However, PPG Industries remains a significant holding in US Bancorp DE's portfolio, indicating the firm still sees value in the company.