PPG Industries (NYSE:PPG) Price Target Raised to $137.00

PPG Industries (NYSE:PPG) had its price target lifted by Barclays from $136.00 to $137.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the specialty chemicals company’s stock.

Other analysts also recently issued research reports about the company. Mizuho boosted their price objective on PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Citigroup decreased their target price on shares of PPG Industries from $121.00 to $118.00 and set a “neutral” rating for the company in a report on Wednesday, September 30th. UBS Group dropped their target price on shares of PPG Industries from $125.00 to $116.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. Sanford C. Bernstein restated an “outperform” rating and set a $136.00 price target on shares of PPG Industries in a report on Thursday, September 24th. Finally, Wells Fargo & Company boosted their price target on shares of PPG Industries from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.29.

PPG Industries Stock Performance

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

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

PPG Industries Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PPG. Essential Partners LLC grew its holdings in PPG Industries by 59.3% during the first quarter. Essential Partners LLC now owns 301 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 112 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position 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 valued at $244,000 after purchasing an additional 114 shares during the period. Ancora Advisors LLC raised its position 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 valued at $52,000 after purchasing an additional 115 shares during the period. Glenview Trust Co lifted its stake in shares of PPG Industries by 0.8% in the third quarter. Glenview Trust Co now owns 16,047 shares of the specialty chemicals company’s stock worth $1,674,000 after buying an additional 125 shares during the last quarter. Finally, Wealth Alliance LLC lifted its stake in shares of PPG Industries by 2.8% in the first quarter. Wealth Alliance LLC now owns 5,125 shares of the specialty chemicals company’s stock worth $548,000 after buying an additional 139 shares during the last quarter. 81.86% of the stock is owned by institutional investors.

More PPG Industries News

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.