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

Shares of PPG Industries, Inc. (NYSE:PPG) have earned a consensus rating of “Hold” from the seventeen research firms that are covering the firm, MarketBeat reports. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $126.1333.

A number of research analysts recently weighed in on the stock. Citigroup raised their price target on shares of PPG Industries from $114.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. The Goldman Sachs Group cut their price objective on PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. UBS Group increased their target price on PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. decreased their target price on PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. Finally, Jefferies Financial Group dropped their price target on PPG Industries from $125.00 to $116.00 and set a “hold” rating for the company in a research report on Thursday, March 26th.

Institutional Investors Weigh In On PPG Industries

Hedge funds have recently modified their holdings of the business. Nvest Wealth Strategies Inc. purchased a new position in PPG Industries in the 4th quarter worth approximately $505,000. Cooke & Bieler LP boosted its holdings in shares of PPG Industries by 16.7% during the 4th quarter. Cooke & Bieler LP now owns 1,616,672 shares of the specialty chemicals company’s stock worth $165,644,000 after purchasing an additional 231,537 shares during the last quarter. Equity Investment Corp grew its position in shares of PPG Industries by 3.4% in the fourth quarter. Equity Investment Corp now owns 995,323 shares of the specialty chemicals company’s stock valued at $101,981,000 after purchasing an additional 32,337 shares in the last quarter. Mather Group LLC. grew its position in shares of PPG Industries by 10.3% in the fourth quarter. Mather Group LLC. now owns 142,340 shares of the specialty chemicals company’s stock valued at $14,584,000 after purchasing an additional 13,254 shares in the last quarter. Finally, Entropy Technologies LP increased its holdings in shares of PPG Industries by 80.2% in the fourth quarter. Entropy Technologies LP now owns 61,784 shares of the specialty chemicals company’s stock valued at $6,330,000 after purchasing an additional 27,493 shares during the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Stock Performance

NYSE:PPG opened at $113.50 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61. The company has a fifty day moving average of $115.52 and a two-hundred day moving average of $113.27. The stock has a market capitalization of $25.30 billion, a PE ratio of 16.19, a P/E/G ratio of 1.70 and a beta of 1.05. PPG Industries has a fifty-two week low of $93.39 and a fifty-two week high of $133.43.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.05. The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.85 billion. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.72 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, research analysts forecast that PPG Industries will post 7.94 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.74 per share. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.96 annualized dividend and a yield of 2.6%. PPG Industries’s dividend payout ratio is presently 40.51%.

About PPG Industries

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.