Brokerages Set PPG Industries, Inc. (NYSE:PPG) Target Price at $125.93

Shares of PPG Industries, Inc. (NYSE:PPG) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the company, Marketbeat.com reports. Ten analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $125.8571.

Several research firms recently issued reports on PPG. Mizuho increased their price target on shares of PPG Industries from $125.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. BNP Paribas Exane lowered their price objective on PPG Industries from $113.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Berenberg Bank cut their target price on PPG Industries from $131.00 to $110.00 and set a “hold” rating for the company in a research note on Thursday, December 4th. UBS Group raised their price target on PPG Industries from $110.00 to $122.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Finally, JPMorgan Chase & Co. lifted their price target on PPG Industries from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th.

Insiders Place Their Bets

In other news, VP Anne M. Foulkes sold 3,594 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $124.61, for a total transaction of $447,848.34. Following the transaction, the vice president directly owned 15,641 shares of the company’s stock, valued at $1,949,025.01. This represents a 18.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Chancey E. Hagerty sold 2,250 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $115.59, for a total transaction of $260,077.50. Following the completion of the transaction, the vice president owned 8,477 shares of the company’s stock, valued at $979,856.43. This represents a 20.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 118,811 shares of company stock worth $15,219,371. Corporate insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On PPG Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of PPG Industries by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 29,265,369 shares of the specialty chemicals company’s stock worth $3,328,936,000 after acquiring an additional 192,560 shares during the period. Wellington Management Group LLP raised its holdings in PPG Industries by 19.9% during the third quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock worth $1,593,443,000 after purchasing an additional 2,521,004 shares during the last quarter. State Street Corp raised its holdings in PPG Industries by 4.6% during the fourth quarter. State Street Corp now owns 12,829,677 shares of the specialty chemicals company’s stock worth $1,314,529,000 after purchasing an additional 565,523 shares during the last quarter. Pzena Investment Management LLC boosted its position in PPG Industries by 306.2% during the fourth quarter. Pzena Investment Management LLC now owns 7,098,767 shares of the specialty chemicals company’s stock worth $727,340,000 after purchasing an additional 5,351,103 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in PPG Industries by 48.9% during the fourth quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company’s stock worth $716,256,000 after purchasing an additional 2,295,118 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Stock Performance

Shares of PPG opened at $97.12 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.22 and a current ratio of 1.62. The stock has a market capitalization of $21.73 billion, a P/E ratio of 13.99, a P/E/G ratio of 1.48 and a beta of 1.15. The company’s fifty day moving average is $115.85 and its two-hundred day moving average is $107.16. PPG Industries has a 1 year low of $90.24 and a 1 year high of $133.43.

PPG Industries (NYSE:PPG) 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). The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.77 billion. PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $1.61 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, sell-side analysts predict that PPG Industries will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Friday, February 20th were issued a $0.71 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a yield of 2.9%. PPG Industries’s dividend payout ratio (DPR) is 40.92%.

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.