PPG Industries (NYSE:PPG) Given New $140.00 Price Target at Mizuho

PPG Industries (NYSE:PPG) had its price target upped by stock analysts at Mizuho from $125.00 to $140.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s price target would indicate a potential upside of 6.81% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. Bank of America cut their price objective on shares of PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of PPG Industries in a research report on Wednesday, January 28th. Sanford C. Bernstein raised their price objective on PPG Industries from $123.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. The Goldman Sachs Group lifted their price objective on PPG Industries from $118.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Finally, BNP Paribas Exane cut their target price 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. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, PPG Industries currently has an average rating of “Hold” and a consensus target price of $124.79.

PPG Industries Price Performance

Shares of PPG stock opened at $131.08 on Thursday. The business’s fifty day moving average is $109.18 and its 200 day moving average is $106.06. The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The stock has a market cap of $29.41 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 1.94 and a beta of 1.16. PPG Industries has a twelve month low of $90.24 and a twelve month high of $131.21.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data 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). The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.77 billion. PPG Industries had a net margin of 9.93% and a return on equity of 22.67%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.61 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Research analysts expect that PPG Industries will post 7.95 EPS for the current fiscal year.

Insider Buying and Selling at PPG Industries

In other PPG Industries news, VP Chancey E. Hagerty sold 2,250 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $115.59, for a total value of $260,077.50. Following the completion of the transaction, the vice president owned 8,477 shares of the company’s stock, valued at approximately $979,856.43. The trade was a 20.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vincent J. Morales sold 29,672 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $125.00, for a total transaction of $3,709,000.00. Following the transaction, the chief financial officer owned 28,439 shares in the company, valued at $3,554,875. This represents a 51.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 37,122 shares of company stock valued at $4,541,078 in the last 90 days. Company insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. CNB Bank boosted its holdings in PPG Industries by 1.8% in the fourth quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock worth $463,000 after purchasing an additional 80 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of PPG Industries by 2.7% during the 4th quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock valued at $338,000 after buying an additional 87 shares during the period. Whittier Trust Co. lifted its holdings in shares of PPG Industries by 1.4% during the 4th quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock valued at $703,000 after buying an additional 89 shares during the period. Applied Capital LLC FL boosted its stake in shares of PPG Industries by 1.5% in the 4th quarter. Applied Capital LLC FL now owns 6,406 shares of the specialty chemicals company’s stock worth $656,000 after buying an additional 95 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of PPG Industries by 1.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 5,313 shares of the specialty chemicals company’s stock worth $544,000 after acquiring an additional 95 shares during the period. 81.86% of the stock is owned by hedge funds and other institutional investors.

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.