PPG Industries (NYSE:PPG) Price Target Raised to $123.00

PPG Industries (NYSE:PPG) had its price objective boosted by UBS Group from $116.00 to $123.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the specialty chemicals company’s stock.

Several other research firms have also recently commented on PPG. Wells Fargo & Company boosted their target price on PPG Industries from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday. BMO Capital Markets reduced their price target on PPG Industries from $140.00 to $138.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $128.00 price target on shares of PPG Industries in a research note on Friday, October 9th. Mizuho lifted their target price on PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Finally, Citigroup dropped their price target on shares of PPG Industries from $121.00 to $118.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 30th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.29.

PPG Industries Price Performance

PPG stock opened at $119.72 on Thursday. The stock has a 50-day moving average price of $108.78 and a two-hundred day moving average price of $112.47. The stock has a market cap of $26.45 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 2.18 and a beta of 1.06. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.71. PPG Industries has a 1 year low of $93.39 and a 1 year high of $133.43.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Tuesday, October 27th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.13. The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.28 billion. PPG Industries had a return on equity of 20.90% and a net margin of 9.41%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $2.13 EPS. Equities analysts forecast that PPG Industries will post 7.98 EPS for the current fiscal year.

PPG Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Tuesday, November 10th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $2.96 dividend on an annualized basis and a yield of 2.5%. PPG Industries’s dividend payout ratio is currently 42.29%.

Hedge Funds Weigh In On PPG Industries

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in PPG Industries during the 2nd quarter worth $2,856,392,000. State Street Corp increased its holdings in PPG Industries by 8.8% in the 2nd quarter. State Street Corp now owns 13,871,116 shares of the specialty chemicals company’s stock worth $1,682,428,000 after purchasing an additional 1,124,109 shares in the last quarter. Pzena Investment Management LLC bought a new position in PPG Industries in the second quarter valued at about $946,964,000. Dimensional Fund Advisors LP raised its position in PPG Industries by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,925,343 shares of the specialty chemicals company’s stock valued at $312,613,000 after purchasing an additional 58,411 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in PPG Industries in the second quarter valued at about $318,870,000. Institutional investors own 81.86% of the company’s stock.

Key Stories Impacting PPG Industries

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

• Positive Sentiment: Analysts broadly raised their price targets following PPG’s earnings beat and higher guidance. Wells Fargo lifted its target to $135 and maintained an overweight rating; Barclays raised its target to $137; JPMorgan increased its target to $130 with an overweight rating; and KeyBanc raised its target to $131. Wells Fargo target update KeyBanc target update
• Positive Sentiment: Royal Bank of Canada, UBS and Citigroup also raised their targets, with the new estimates ranging from $123 to $130. These revisions suggest analysts see additional upside after the company’s recent operating performance. Analyst target revisions
• Positive Sentiment: PPG’s third-quarter results exceeded consensus expectations, while discussion of higher guidance supports the outlook for earnings and may reinforce the investment case for the specialty-chemicals manufacturer. PPG Q3 2026 earnings call summary
• Neutral Sentiment: PPG senior information technology manager Jennifer Bourne was named to Pittsburgh Magazine’s 2026 40 Under 40 list. The recognition highlights employee leadership but is unlikely to materially affect near-term financial results. Jennifer Bourne 40 Under 40 announcement
• Negative Sentiment: Morgan Stanley initiated or reiterated a “hold” rating, signaling limited conviction that PPG will outperform at its current valuation. Commentary questioning whether the stock is fairly valued after its earnings beat and guidance increase may also be restraining buying interest. Morgan Stanley hold rating

About PPG Industries

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company develops products designed to protect, decorate and improve the performance of surfaces and components used in transportation, construction, manufacturing and consumer products.

Its product portfolio includes automotive and commercial vehicle coatings, aerospace coatings, industrial and protective coatings, architectural paints, packaging coatings, and coatings used in marine and other specialty applications.