PPG Industries, Inc. (NYSE:PPG) Receives $120.86 Consensus Target Price from Analysts

PPG Industries, Inc. (NYSE:PPGGet Free Report) has been given a consensus rating of “Moderate Buy” by the eighteen brokerages that are presently covering the stock, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $120.8571.

PPG has been the topic of a number of research reports. Berenberg Bank cut their price target on shares of PPG Industries from $131.00 to $110.00 and set a “hold” rating on the stock in a research note on Thursday, December 4th. BNP Paribas Exane dropped their price target on PPG Industries from $113.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Wells Fargo & Company cut their price target on PPG Industries from $132.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. UBS Group reduced their price objective on PPG Industries from $115.00 to $110.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Finally, Mizuho dropped their target price on PPG Industries from $135.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd.

Get Our Latest Stock Analysis on PPG Industries

PPG Industries Price Performance

Shares of PPG Industries stock opened at $110.37 on Friday. The stock has a market capitalization of $24.77 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 3.34 and a beta of 1.17. The firm’s 50-day moving average price is $103.99 and its two-hundred day moving average price is $105.45. The company has a current ratio of 1.47, a quick ratio of 1.08 and a debt-to-equity ratio of 0.74. PPG Industries has a 1-year low of $90.24 and a 1-year high of $124.54.

PPG Industries (NYSE:PPGGet Free Report) last released its earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.06). PPG Industries had a net margin of 6.35% and a return on equity of 23.61%. The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the business posted $1.61 earnings per share. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities analysts predict that PPG Industries will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 2.6%. PPG Industries’s dividend payout ratio (DPR) is currently 64.40%.

Insiders Place Their Bets

In other PPG Industries news, CFO Vincent J. Morales sold 5,200 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $110.00, for a total transaction of $572,000.00. Following the transaction, the chief financial officer owned 28,439 shares in the company, valued at $3,128,290. This trade represents a 15.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

Institutional Trading of PPG Industries

Large investors have recently made changes to their positions in the company. Walnut Level Capital LLC lifted its stake in shares of PPG Industries by 46.8% in the 2nd quarter. Walnut Level Capital LLC now owns 62,754 shares of the specialty chemicals company’s stock valued at $7,138,000 after acquiring an additional 20,000 shares during the last quarter. Avior Wealth Management LLC increased its stake in PPG Industries by 8,828.7% in the 2nd quarter. Avior Wealth Management LLC now owns 8,393 shares of the specialty chemicals company’s stock worth $955,000 after purchasing an additional 8,299 shares during the period. GAM Holding AG lifted its position in PPG Industries by 97.5% in the third quarter. GAM Holding AG now owns 21,281 shares of the specialty chemicals company’s stock valued at $2,237,000 after purchasing an additional 10,508 shares during the last quarter. Vest Financial LLC boosted its stake in shares of PPG Industries by 17.4% during the second quarter. Vest Financial LLC now owns 526,269 shares of the specialty chemicals company’s stock valued at $59,863,000 after purchasing an additional 78,022 shares during the period. Finally, Columbia Advisory Partners LLC bought a new position in shares of PPG Industries in the second quarter worth approximately $318,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

Trending Headlines about PPG Industries

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PPG Industries Company Profile

(Get Free Report)

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.

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Analyst Recommendations for PPG Industries (NYSE:PPG)

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