PPG Industries, Inc. (NYSE:PPG) Stock Has Average Price Target of $126.62 According to Brokerages

Shares of PPG Industries, Inc. (NYSE:PPG) have earned a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $126.62.

PPG has been the topic of several recent analyst reports. Bank of America upgraded PPG Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $127.00 to $134.00 in a report on Friday, July 17th. BMO Capital Markets dropped their target price on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PPG Industries in a research note on Monday, September 14th. Citigroup reduced their price target 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. Finally, KeyCorp assumed coverage on shares of PPG Industries in a research report on Friday, September 11th. They set an “overweight” rating and a $133.00 price objective for the company.

Institutional Trading of PPG Industries

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of PPG Industries during the second quarter worth about $2,856,392,000. State Street Corp raised its position in PPG Industries by 8.8% in the 2nd quarter. State Street Corp now owns 13,871,116 shares of the specialty chemicals company’s stock valued at $1,682,428,000 after buying an additional 1,124,109 shares during the last quarter. Pzena Investment Management LLC bought a new stake in PPG Industries in the 2nd quarter valued at approximately $946,964,000. Franklin Resources Inc. boosted its position in PPG Industries by 48.9% during the 4th quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company’s stock worth $716,256,000 after acquiring an additional 2,295,118 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in PPG Industries by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,925,343 shares of the specialty chemicals company’s stock worth $312,613,000 after acquiring an additional 58,411 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Stock Performance

Shares of PPG Industries stock opened at $105.18 on Friday. The company has a market capitalization of $23.38 billion, a PE ratio of 15.07, a PEG ratio of 1.70 and a beta of 1.06. PPG Industries has a 12 month low of $93.39 and a 12 month 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 0.72. The stock’s fifty day simple moving average is $111.04 and its 200 day simple moving average is $111.50.

PPG Industries (NYSE:PPG) last posted its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. The business had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same period in the previous year, the firm posted $2.22 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, research analysts predict that PPG Industries will post 7.89 EPS for the current year.

PPG Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 10th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Monday, August 10th. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. PPG Industries’s dividend payout ratio (DPR) is currently 42.41%.

PPG Industries Company Profile

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. Founded in 1883 as Pittsburgh Plate Glass, the company originally produced plate glass and later expanded into coatings and related technologies. Today, PPG’s products are used to protect, decorate and improve the performance of vehicles, aircraft, buildings, industrial equipment and consumer goods.

PPG serves the automotive, aerospace, construction, industrial, marine, packaging and consumer-product markets.