PPG Industries (NYSE:PPG) Given New $130.00 Price Target at The Goldman Sachs Group

PPG Industries (NYSE:PPG) had its target price trimmed by The Goldman Sachs Group from $134.00 to $130.00 in a research note released on Friday morning,MarketScreener reports.

Several other equities research analysts also recently commented on PPG. Jefferies Financial Group cut their price objective on PPG Industries from $125.00 to $116.00 and set a “hold” rating for the company in a report on Thursday, March 26th. Zacks Research raised PPG Industries from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. UBS Group increased their price objective on PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft increased their price objective on PPG Industries from $120.00 to $130.00 in a report on Friday, March 27th. Finally, Evercore increased their price objective on PPG Industries from $112.00 to $128.00 in a report on Wednesday, February 18th. Six analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, PPG Industries currently has an average rating of “Hold” and a consensus target price of $121.79.

PPG Industries Stock Down 0.9%

Shares of NYSE PPG traded down $0.98 during trading hours on Friday, hitting $107.52. The company had a trading volume of 1,818,455 shares, compared to its average volume of 2,031,704. The stock has a market capitalization of $24.06 billion, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 1.50 and a beta of 1.06. The company has a quick ratio of 1.22, a current ratio of 1.61 and a debt-to-equity ratio of 0.78. PPG Industries has a 1-year low of $93.39 and a 1-year high of $133.43. The firm’s 50 day moving average is $109.44 and its 200-day moving average is $107.41.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.78 by $0.05. The company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, analysts expect that PPG Industries will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, May 11th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.6%. PPG Industries’s dividend payout ratio (DPR) is currently 40.51%.

Insiders Place Their Bets

In other news, VP Anne M. Foulkes sold 3,594 shares of PPG Industries stock in a transaction on Friday, February 20th. The stock was sold at an average price of $124.61, for a total transaction of $447,848.34. Following the completion of the sale, the vice president owned 15,641 shares of the company’s stock, valued at approximately $1,949,025.01. This trade represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vincent J. Morales sold 78,095 shares of PPG Industries stock in a transaction on Friday, February 13th. The stock was sold at an average price of $131.00, for a total value of $10,230,445.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 111,361 shares of company stock valued at $14,387,293 in the last three months. Insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On PPG Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CNB Bank lifted its holdings in shares of PPG Industries by 1.8% during the fourth quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock worth $463,000 after buying an additional 80 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of PPG Industries by 2.7% during the fourth quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock worth $338,000 after buying an additional 87 shares in the last quarter. Whittier Trust Co. lifted its holdings in shares of PPG Industries by 1.4% during the fourth quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock worth $703,000 after buying an additional 89 shares in the last quarter. Evolve Private Wealth LLC lifted its holdings in shares of PPG Industries by 3.2% during the first quarter. Evolve Private Wealth LLC now owns 2,929 shares of the specialty chemicals company’s stock worth $313,000 after buying an additional 92 shares in the last quarter. Finally, Insigneo Advisory Services LLC lifted its holdings in shares of PPG Industries by 4.3% during the fourth quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock worth $229,000 after buying an additional 92 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries News Roundup

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

• Positive Sentiment: PPG beat Q1 estimates and reaffirmed FY‑2026 guidance ($7.70–$8.10 EPS); management highlighted pricing power and sales growth, which supports longer‑term earnings expectations. Earnings Highlights
• Positive Sentiment: Mizuho raised its price target to $125 and kept an “outperform” rating — a material upward revision that signals analyst confidence in PPG’s recovery and supports upside sentiment. Mizuho PT Raise
• Neutral Sentiment: BNP Paribas nudged its target to $116 — a modest upgrade that marginally raises consensus valuation but is not a major change to the market narrative. BNP PT Raise
• Neutral Sentiment: UBS increased its price target to $116 while maintaining a “neutral” rating — another small lift but still a neutral stance from a large shop. UBS PT Raise
• Neutral Sentiment: Citigroup slightly raised its target to $114 and kept a neutral rating — consistent with a cautious tone despite the beat. Citigroup PT Raise
• Neutral Sentiment: PPG’s IT team received recognition as “Tech Team of the Year,” which is positive for operational capability but unlikely to move near‑term valuation materially. IT Team Award
• Negative Sentiment: Autobody reporting highlighted a decline in the refinish segment driven by distributor destocking — an operational headwind that trimmed segment revenue and likely pressured near‑term margin visibility. Refinish Decline
• Negative Sentiment: JPMorgan trimmed its target slightly to $125 (from $126) — a small negative signal relative to some larger upward revisions and a reminder of differing analyst views on upside. JPMorgan PT Trim

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.