PPG Industries (NYSE:PPG) Research Coverage Started at KeyCorp

KeyCorp began coverage on shares of PPG Industries (NYSE:PPG) in a research report sent to investors on Friday, MarketBeat Ratings reports. The firm issued an overweight rating and a $133.00 price objective on the specialty chemicals company’s stock. KeyCorp also issued estimates for PPG Industries’ Q3 2026 earnings at $2.11 EPS, Q4 2026 earnings at $1.72 EPS, FY2026 earnings at $7.90 EPS, FY2027 earnings at $8.45 EPS and FY2028 earnings at $9.45 EPS.

A number of other research firms have also recently commented on PPG. Bank of America upgraded PPG Industries from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $127.00 to $134.00 in a report on Friday, July 17th. Wall Street Zen downgraded PPG Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. UBS Group reduced their price target on shares of PPG Industries from $130.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings raised shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Finally, Citigroup lowered their price objective on shares of PPG Industries from $125.00 to $121.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, PPG Industries has an average rating of “Hold” and an average target price of $126.44.

PPG Industries Stock Up 0.0%

NYSE:PPG opened at $105.55 on Friday. The firm has a market capitalization of $23.46 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.71 and a beta of 1.07. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. PPG Industries has a twelve month low of $93.39 and a twelve month high of $133.43. The stock’s 50 day moving average price is $114.32 and its two-hundred day moving average price is $112.26.

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

PPG Industries Increases Dividend

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

Institutional Investors Weigh In On PPG Industries

Several hedge funds and other institutional investors have recently made changes to their positions in PPG. CNB Bank increased its holdings in shares of PPG Industries by 1.8% during the 4th quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock worth $463,000 after buying an additional 80 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of PPG Industries by 2.7% during the 4th quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock worth $338,000 after purchasing an additional 87 shares during the period. Insigneo Advisory Services LLC increased its position in shares of PPG Industries by 4.3% during the 4th quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock worth $229,000 after purchasing an additional 92 shares during the last quarter. OMERS ADMINISTRATION Corp raised its holdings in PPG Industries by 1.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 8,533 shares of the specialty chemicals company’s stock valued at $874,000 after buying an additional 92 shares during the period. Finally, Evolve Private Wealth LLC raised its holdings in PPG Industries by 3.2% in the 1st quarter. Evolve Private Wealth LLC now owns 2,929 shares of the specialty chemicals company’s stock valued at $313,000 after buying an additional 92 shares during the period. 81.86% of the stock is owned by institutional investors.

PPG Industries News Roundup

Here are the key news stories impacting PPG Industries this week:

• Positive Sentiment: KeyCorp initiated coverage of PPG Industries with an Overweight rating and a $133 price target, implying approximately 26% upside from the referenced $105.55 share price. The bullish stance indicates confidence in PPG’s valuation and earnings outlook. KeyCorp initiates coverage of PPG Industries
• Positive Sentiment: KeyCorp projected EPS of $2.11 for the third quarter and $1.72 for the fourth quarter, followed by $8.45 for fiscal 2027 and $9.45 for fiscal 2028. The longer-term estimates exceed the current full-year consensus of $7.89, suggesting expectations for earnings growth. KeyCorp PPG earnings estimates
• Neutral Sentiment: PPG hosted an Innovation Day in Tianjin, China, showcasing customer-focused coatings solutions, digital capabilities and its “Inside the Can” and “Outside the Can” innovation strategies. The event reinforces PPG’s long-term product-development and customer-retention efforts, although no immediate financial impact or new guidance was announced. PPG hosts innovation day in Tianjin

PPG Industries Company Profile

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company supplies protective and decorative coatings used in automotive, aerospace, industrial, marine, packaging and consumer applications. Its products are designed to protect surfaces, improve appearance and provide specialized performance characteristics such as corrosion resistance and durability.

PPG’s portfolio includes automotive refinish coatings, original-equipment automotive coatings, aerospace coatings, industrial and protective coatings, packaging coatings, and architectural paints and coatings.