PPG Industries, Inc. (NYSE:PPG) Receives Consensus Recommendation of “Hold” from Brokerages

PPG Industries, Inc. (NYSE:PPG) has been given an average recommendation of “Hold” by the seventeen research firms that are currently covering the firm, MarketBeat reports. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $126.1333.

PPG has been the topic of several recent research reports. The Goldman Sachs Group dropped their price target on shares of PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. JPMorgan Chase & Co. lowered their target price on PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. Weiss Ratings raised PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. Wells Fargo & Company reduced their price target on PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Friday, April 10th. Finally, Bank of America raised PPG Industries from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $127.00 to $134.00 in a research note on Friday, July 17th.

PPG Industries Price Performance

NYSE PPG opened at $116.11 on Friday. The company has a 50-day moving average price of $115.78 and a 200-day moving average price of $113.29. PPG Industries has a 52 week low of $93.39 and a 52 week high of $133.43. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $25.88 billion, a P/E ratio of 16.56, a PEG ratio of 1.71 and a beta of 1.05.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.85 billion. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.72 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities research analysts anticipate that PPG Industries will post 7.93 earnings per share for the current year.

PPG Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 10th will be issued a $0.74 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.96 annualized dividend and a yield of 2.5%. This is a positive change from PPG Industries’s previous quarterly dividend of $0.71. PPG Industries’s payout ratio is currently 40.51%.

Hedge Funds Weigh In On PPG Industries

Several large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of PPG Industries by 9.1% during the 4th quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock valued at $487,000 after buying an additional 339 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in PPG Industries by 31.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company’s stock worth $421,000 after buying an additional 920 shares during the period. Empowered Funds LLC increased its stake 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 buying an additional 1,526 shares in the last quarter. Woodline Partners LP raised its holdings in PPG Industries by 40.7% during the first quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock valued at $2,143,000 after acquiring an additional 5,667 shares during the period. Finally, Cresset Asset Management LLC lifted its position in shares of PPG Industries by 6.2% in the second quarter. Cresset Asset Management LLC now owns 6,346 shares of the specialty chemicals company’s stock valued at $722,000 after acquiring an additional 371 shares in the last quarter. 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.