PPG Industries (NYSE:PPG) Given New $134.00 Price Target at The Goldman Sachs Group

PPG Industries (NYSE:PPG) had its price objective boosted by The Goldman Sachs Group from $132.00 to $134.00 in a research note released on Wednesday morning,MarketScreener reports. The firm currently has a buy rating on the specialty chemicals company’s stock.

Other equities research analysts have also issued research reports about the stock. Zacks Research raised shares of PPG Industries from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. KeyCorp reissued a “sector weight” rating on shares of PPG Industries in a report on Thursday, January 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of PPG Industries in a report on Wednesday, January 28th. Mizuho cut their price target on shares of PPG Industries from $140.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Finally, Evercore raised their price target on shares of PPG Industries from $112.00 to $128.00 in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, PPG Industries currently has a consensus rating of “Hold” and a consensus price target of $120.86.

PPG Industries Price Performance

Shares of PPG Industries stock opened at $111.70 on Wednesday. The firm has a market cap of $25.00 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 1.67 and a beta of 1.16. PPG Industries has a 12-month low of $93.39 and a 12-month high of $133.43. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 0.82. The company’s fifty day simple moving average is $111.91 and its two-hundred day simple moving average is $107.14.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). The firm had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.77 billion. PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.PPG Industries’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the business earned $1.61 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities analysts expect that PPG Industries will post 8.02 EPS for the current year.

PPG Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 11th will be given a dividend of $0.71 per share. The ex-dividend date is Monday, May 11th. This represents a $2.84 annualized dividend and a dividend yield of 2.5%. PPG Industries’s payout ratio is currently 40.92%.

Insider Activity at PPG Industries

In related news, VP Anne M. Foulkes sold 3,594 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $124.61, for a total transaction of $447,848.34. Following the transaction, the vice president owned 15,641 shares in the company, valued at $1,949,025.01. The trade was a 18.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vincent J. Morales sold 78,095 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $131.00, for a total transaction of $10,230,445.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 113,611 shares of company stock worth $14,647,371 over the last 90 days. 0.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On PPG Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dorato Capital Management purchased a new position in shares of PPG Industries during the fourth quarter valued at about $26,000. Quarry LP bought a new stake in PPG Industries during the third quarter worth about $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in PPG Industries during the third quarter worth about $26,000. Resources Management Corp CT ADV boosted its stake in PPG Industries by 900.0% during the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 225 shares in the last quarter. Finally, Root Financial Partners LLC bought a new stake in PPG Industries during the third quarter worth about $30,000. Hedge funds and other 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: PPG added a new Marly, France coatings testing line for radiation?curable coatings, boosting innovation in sustainable, high?speed production and potential lower-emission solutions that could win new business in Europe. PPG Strengthens R&D With New Coatings Testing Line in France
• Positive Sentiment: The Goldman Sachs Group raised its price target to $134 and kept a “buy” rating, implying meaningful upside versus current levels and likely attracting buyer interest. Goldman Sachs Adjusts Price Target on PPG Industries
• Positive Sentiment: RBC Capital raised its price target and reiterated a bullish stance, adding to the recent analyst momentum that supports higher valuation expectations. RBC Capital Bullish on PPG Industries – Raises Price Target
• Positive Sentiment: BNP Paribas Exane raised its price target to $115, reinforcing the trend of upward analyst revisions. BNP Paribas Exane Raises PPG Industries Price Target to $115
• Positive Sentiment: PPG launched an integrated end?to?end protective coatings offering for data centers, a specialized product push that could capture higher?margin, recurring service and specification business. PPG Unveils Integrated End-to-End Coatings Offering for Data Centers
• Positive Sentiment: Shareholders approved governance changes including a new performance?based incentive plan, which can better align management incentives with shareholder returns. PPG Shareholders Endorse Governance, Approve New Incentive Plan
• Positive Sentiment: Zacks Research nudged up Q1 and FY2026 EPS estimates (Q1 to $1.81; FY2026 to $7.97), indicating analysts are modeling slightly stronger near?term earnings — supportive for forward expectations. Zacks Research Raises PPG EPS Estimates
• Neutral Sentiment: Bank of America Securities moved PPG to a “hold” (or reiterated a hold), a neutral signal that may limit upside from some institutional investors despite other bullish actions. PPG Industries Gets a Hold from Bank of America Securities
• Neutral Sentiment: Analyst commentary pieces highlight expected earnings growth and debate buy/hold implications — useful context for investors but not an immediate catalyst. PPG Earnings Expected to Grow: Should You Buy?

PPG Industries Company Profile

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.