PPG Industries (NYSE:PPG) Price Target Raised to $130.00

PPG Industries (NYSE:PPG) had its price target upped by Citigroup from $118.00 to $130.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the specialty chemicals company’s stock.

Several other research firms have also commented on PPG. Wells Fargo & Company raised their price objective on PPG Industries from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday. Royal Bank Of Canada decreased their target price on PPG Industries from $122.00 to $115.00 and set a “sector perform” rating for the company in a research report on Friday, October 9th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $128.00 target price on shares of PPG Industries in a research report on Friday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of PPG Industries in a research note on Monday, September 14th. Finally, Wall Street Zen downgraded PPG Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, PPG Industries has a consensus rating of “Moderate Buy” and an average target price of $128.29.

PPG Industries Stock Performance

Shares of PPG stock opened at $119.72 on Thursday. The company’s fifty day simple moving average is $108.78 and its 200-day simple moving average is $112.47. PPG Industries has a 52 week low of $93.39 and a 52 week high of $133.43. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.71. The company has a market cap of $26.45 billion, a PE ratio of 17.10, a P/E/G ratio of 2.18 and a beta of 1.06.

PPG Industries (NYSE:PPG) last posted its earnings results on Tuesday, October 27th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.13. PPG Industries had a net margin of 9.41% and a return on equity of 20.90%. The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the previous year, the business posted $2.13 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts anticipate that PPG Industries will post 7.98 EPS for the current year.

PPG Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Tuesday, November 10th will be issued a $0.74 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $2.96 dividend on an annualized basis and a yield of 2.5%. PPG Industries’s payout ratio is currently 42.29%.

Hedge Funds Weigh In On PPG Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Essential Partners LLC increased its position in shares of PPG Industries by 59.3% during the first quarter. Essential Partners LLC now owns 301 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 112 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of PPG Industries by 6.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,012 shares of the specialty chemicals company’s stock worth $244,000 after acquiring an additional 114 shares in the last quarter. Ancora Advisors LLC lifted its stake in shares of PPG Industries by 36.5% in the second quarter. Ancora Advisors LLC now owns 430 shares of the specialty chemicals company’s stock worth $52,000 after acquiring an additional 115 shares in the last quarter. Glenview Trust Co boosted its holdings in PPG Industries by 0.8% in the third quarter. Glenview Trust Co now owns 16,047 shares of the specialty chemicals company’s stock valued at $1,674,000 after purchasing an additional 125 shares during the last quarter. Finally, Wealth Alliance LLC boosted its holdings in PPG Industries by 2.8% in the first quarter. Wealth Alliance LLC now owns 5,125 shares of the specialty chemicals company’s stock valued at $548,000 after purchasing an additional 139 shares during the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting PPG Industries

Here are the key news stories impacting PPG Industries this week:

• Positive Sentiment: Analysts broadly raised their price targets following PPG’s earnings beat and higher guidance. Wells Fargo lifted its target to $135 and maintained an overweight rating; Barclays raised its target to $137; JPMorgan increased its target to $130 with an overweight rating; and KeyBanc raised its target to $131. Wells Fargo target update KeyBanc target update
• Positive Sentiment: Royal Bank of Canada, UBS and Citigroup also raised their targets, with the new estimates ranging from $123 to $130. These revisions suggest analysts see additional upside after the company’s recent operating performance. Analyst target revisions
• Positive Sentiment: PPG’s third-quarter results exceeded consensus expectations, while discussion of higher guidance supports the outlook for earnings and may reinforce the investment case for the specialty-chemicals manufacturer. PPG Q3 2026 earnings call summary
• Neutral Sentiment: PPG senior information technology manager Jennifer Bourne was named to Pittsburgh Magazine’s 2026 40 Under 40 list. The recognition highlights employee leadership but is unlikely to materially affect near-term financial results. Jennifer Bourne 40 Under 40 announcement
• Negative Sentiment: Morgan Stanley initiated or reiterated a “hold” rating, signaling limited conviction that PPG will outperform at its current valuation. Commentary questioning whether the stock is fairly valued after its earnings beat and guidance increase may also be restraining buying interest. Morgan Stanley hold rating

About PPG Industries

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company develops products designed to protect, decorate and improve the performance of surfaces and components used in transportation, construction, manufacturing and consumer products.

Its product portfolio includes automotive and commercial vehicle coatings, aerospace coatings, industrial and protective coatings, architectural paints, packaging coatings, and coatings used in marine and other specialty applications.