PPG Industries (NYSE:PPG) Posts Quarterly Earnings Results

PPG Industries (NYSE:PPG) issued its quarterly earnings data on Tuesday. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02), FiscalAI reports. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The firm had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.37 billion. PPG Industries updated its FY 2026 guidance to 7.700-8.100 EPS.

PPG Industries Price Performance

PPG Industries stock traded up $0.46 during midday trading on Tuesday, reaching $118.93. The company had a trading volume of 3,704,721 shares, compared to its average volume of 2,095,882. The firm’s fifty day simple moving average is $116.08 and its 200-day simple moving average is $113.44. PPG Industries has a 12-month low of $93.39 and a 12-month high of $133.43. The company has a market capitalization of $26.51 billion, a P/E ratio of 16.97, a P/E/G ratio of 1.71 and a beta of 1.05. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17.

PPG Industries Increases Dividend

The business 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 dividend of $0.74 per share. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, August 10th. This represents a $2.96 annualized dividend and a dividend yield of 2.5%. PPG Industries’s payout ratio is currently 42.23%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Bank of America upgraded shares of PPG Industries from a “neutral” rating to a “buy” rating and increased their price objective for the company from $127.00 to $134.00 in a research report on Friday, July 17th. Citigroup boosted their target price on shares of PPG Industries from $114.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. UBS Group raised their price target on PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. BNP Paribas Exane boosted their price objective on shares of PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. Finally, Wall Street Zen upgraded PPG Industries from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $126.13.

Hedge Funds Weigh In On PPG Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp raised its position in shares of PPG Industries by 4.6% during the 4th quarter. State Street Corp now owns 12,829,677 shares of the specialty chemicals company’s stock valued at $1,314,529,000 after buying an additional 565,523 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in PPG Industries by 15.7% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 3,946,145 shares of the specialty chemicals company’s stock valued at $414,779,000 after buying an additional 535,095 shares during the period. Invesco Ltd. grew its stake in PPG Industries by 5.9% during the 4th quarter. Invesco Ltd. now owns 3,597,874 shares of the specialty chemicals company’s stock worth $368,638,000 after purchasing an additional 199,361 shares in the last quarter. Morgan Stanley grew its position in shares of PPG Industries by 5.3% during the fourth quarter. Morgan Stanley now owns 3,520,764 shares of the specialty chemicals company’s stock worth $360,738,000 after buying an additional 176,982 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in PPG Industries by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,859,595 shares of the specialty chemicals company’s stock worth $292,995,000 after acquiring an additional 49,509 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Company Profile

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.