PPG Industries, Inc. (NYSE:PPG) Receives $126.00 Average PT from Analysts

Shares of PPG Industries, Inc. (NYSE:PPG) have received an average recommendation of “Hold” from the seventeen analysts that are presently covering the stock, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $126.00.

A number of equities research analysts have commented on the company. Weiss Ratings raised PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. Citigroup cut their price target on shares of PPG Industries from $125.00 to $121.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Mizuho raised their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. lowered their target price on shares of PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. Finally, Wall Street Zen cut shares of PPG Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st.

PPG Industries Trading Down 0.8%

NYSE PPG opened at $113.18 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $25.16 billion, a P/E ratio of 16.21, a P/E/G ratio of 1.66 and a beta of 1.07. PPG Industries has a 52-week low of $93.39 and a 52-week high of $133.43. The firm has a 50-day moving average price of $117.60 and a 200 day moving average price of $114.06.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data 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). PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. The business had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same period in the prior year, the firm posted $2.22 EPS. PPG Industries’s revenue for the quarter was up 7.2% compared to the same quarter last year. 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 EPS for the current year.

PPG Industries Increases Dividend

The company also recently declared 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 is Monday, August 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.6%. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. PPG Industries’s payout ratio is currently 42.41%.

Hedge Funds Weigh In On PPG Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of PPG Industries in the second quarter valued at $2,856,392,000. Pzena Investment Management LLC purchased a new stake in shares of PPG Industries in the 2nd quarter worth about $946,964,000. Bank of New York Mellon Corp purchased a new stake in shares of PPG Industries in the 2nd quarter worth about $318,870,000. Bank of America Corp DE acquired a new stake in PPG Industries in the 2nd quarter valued at about $278,965,000. Finally, Franklin Resources Inc. grew its stake in PPG Industries by 48.9% in the 4th quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company’s stock valued at $716,256,000 after acquiring an additional 2,295,118 shares during the last quarter. 81.86% of the stock is owned by institutional investors and hedge funds.

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.