PPG Industries, Inc. (NYSE:PPG) Receives $126.13 Consensus Price Target from Analysts

PPG Industries, Inc. (NYSE:PPG) has earned an average recommendation of “Hold” from the seventeen research firms that are presently covering the firm, MarketBeat.com reports. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $126.1333.

A number of equities research analysts have commented on the stock. Jefferies Financial Group reduced their price target on shares of PPG Industries from $125.00 to $116.00 and set a “hold” rating for the company in a report on Thursday, March 26th. BMO Capital Markets cut their price objective on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a research report on Monday, July 6th. Wall Street Zen upgraded PPG Industries from a “hold” rating to a “buy” rating in a research note on Saturday. Wells Fargo & Company dropped their price target on PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, April 10th. Finally, Mizuho raised their price objective on PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st.

PPG Industries Trading Down 0.0%

Shares of PPG stock opened at $115.67 on Friday. PPG Industries has a fifty-two week low of $93.39 and a fifty-two week high of $133.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61. The stock has a 50 day simple moving average of $115.13 and a two-hundred day simple moving average of $113.10. The company has a market cap of $25.78 billion, a P/E ratio of 16.50, a PEG ratio of 1.67 and a beta of 1.05.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.78 by $0.05. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter last year, the firm posted $1.72 EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Research analysts forecast that PPG Industries will post 7.94 earnings per share for the current year.

PPG Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 10th will be given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, August 10th. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. PPG Industries’s payout ratio is 42.23%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Nvest Wealth Strategies Inc. acquired a new position in PPG Industries during the 4th quarter valued at about $505,000. Cooke & Bieler LP increased its holdings in PPG Industries by 16.7% during the 4th quarter. Cooke & Bieler LP now owns 1,616,672 shares of the specialty chemicals company’s stock worth $165,644,000 after purchasing an additional 231,537 shares in the last quarter. Equity Investment Corp raised its stake in shares of PPG Industries by 3.4% in the fourth quarter. Equity Investment Corp now owns 995,323 shares of the specialty chemicals company’s stock worth $101,981,000 after purchasing an additional 32,337 shares during the last quarter. Mather Group LLC. raised its stake in shares of PPG Industries by 10.3% in the fourth quarter. Mather Group LLC. now owns 142,340 shares of the specialty chemicals company’s stock worth $14,584,000 after purchasing an additional 13,254 shares during the last quarter. Finally, Entropy Technologies LP lifted its holdings in shares of PPG Industries by 80.2% in the fourth quarter. Entropy Technologies LP now owns 61,784 shares of the specialty chemicals company’s stock valued at $6,330,000 after purchasing an additional 27,493 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

About PPG Industries

PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.

PPG’s product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.