Mizuho Cuts PPG Industries (NYSE:PPG) Price Target to $115.00

PPG Industries (NYSE:PPG) had its price objective trimmed by Mizuho from $140.00 to $115.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has an outperform rating on the specialty chemicals company’s stock.

Other analysts have also issued research reports about the company. Jefferies Financial Group lifted their price objective on PPG Industries from $115.00 to $125.00 and gave the stock a “hold” rating in a report on Thursday, January 29th. Wells Fargo & Company increased their target price on PPG Industries from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. boosted 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. UBS Group upped their price target on shares of PPG Industries from $110.00 to $122.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Finally, The Goldman Sachs Group increased their price objective on shares of PPG Industries from $118.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.07.

PPG Industries Stock Performance

Shares of PPG stock opened at $106.86 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 0.82. The company has a 50 day moving average price of $115.62 and a 200-day moving average price of $107.03. PPG Industries has a 52 week low of $90.24 and a 52 week high of $133.43. The firm has a market capitalization of $23.92 billion, a PE ratio of 15.40, a P/E/G ratio of 1.56 and a beta of 1.15.

PPG Industries (NYSE:PPG) last issued its earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.06). PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the business posted $1.61 EPS. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities research analysts expect that PPG Industries will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Friday, February 20th were paid a dividend of $0.71 per share. The ex-dividend date was Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a yield of 2.7%. PPG Industries’s dividend payout ratio (DPR) is presently 40.92%.

Insider Buying and Selling at PPG Industries

In other PPG Industries news, VP Anne M. Foulkes sold 3,594 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $124.61, for a total value of $447,848.34. Following the completion of the transaction, the vice president directly owned 15,641 shares in the company, valued at $1,949,025.01. This represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Vincent J. Morales sold 78,095 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $131.00, for a total transaction of $10,230,445.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 118,811 shares of company stock valued at $15,219,371 over the last 90 days. 0.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PPG Industries

A number of institutional investors have recently bought and sold shares of PPG. Brighton Jones LLC boosted its stake in shares of PPG Industries by 9.1% in the fourth quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock worth $487,000 after acquiring an additional 339 shares during the period. Integrated Wealth Concepts LLC raised its stake in PPG Industries by 31.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company’s stock valued at $421,000 after purchasing an additional 920 shares during the period. Empowered Funds LLC lifted its holdings in PPG Industries by 6.1% in the 1st quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock worth $2,882,000 after purchasing an additional 1,526 shares in the last quarter. Woodline Partners LP boosted its stake in PPG Industries by 40.7% in the 1st quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock worth $2,143,000 after purchasing an additional 5,667 shares during the period. Finally, Prudential PLC boosted its stake in PPG Industries by 109.1% in the 2nd quarter. Prudential PLC now owns 5,716 shares of the specialty chemicals company’s stock worth $650,000 after purchasing an additional 2,983 shares during the period. Hedge funds and other institutional investors own 81.86% of the company’s stock.

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.