Canada Pension Plan Investment Board Acquires New Shares in PPG Industries, Inc. $PPG

The Canada Pension Plan Investment Board has acquired 177,231 shares of PPG Industries, Inc. valued at approximately $21.5 million, representing about 0.08% of the company. This comes as PPG Industries reported a 7.2% year-over-year increase in quarterly revenue to $4.50 billion but slightly missed earnings estimates at $2.23 per share. The company has also raised its quarterly dividend to $0.74 per share, offering a 2.6% annualized yield, while analysts maintain a mixed "Hold" rating with an average price target of $126.