PPG Industries, Inc. (NYSE:PPG) Receives $123.00 Average Price Target from Analysts

Shares of PPG Industries, Inc. (NYSE:PPG) have earned a consensus recommendation of “Hold” from the seventeen brokerages that are currently covering the company, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $123.7333.

A number of brokerages have recently issued reports on PPG. JPMorgan Chase & Co. cut their price target on shares of PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. Citigroup raised their target price on shares of PPG Industries from $114.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday. Mizuho raised their price target on shares of PPG Industries from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Wells Fargo & Company decreased their price target on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, April 10th. Finally, UBS Group raised their target price on shares of PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th.

PPG Industries Stock Up 0.7%

Shares of PPG Industries stock opened at $123.23 on Wednesday. The company has a market cap of $27.47 billion, a P/E ratio of 17.58, a PEG ratio of 1.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61. PPG Industries has a one year low of $93.39 and a one year high of $133.43. The firm has a fifty day moving average of $112.11 and a two-hundred day moving average of $111.15.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 9.83% and a return on equity of 21.68%. PPG Industries’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, analysts forecast that PPG Industries will post 7.92 earnings per share for the current year.

PPG Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, May 11th were given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Monday, May 11th. PPG Industries’s payout ratio is 40.51%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PPG. Parallel Advisors LLC lifted its position in shares of PPG Industries by 133.4% during the first quarter. Parallel Advisors LLC now owns 2,245 shares of the specialty chemicals company’s stock worth $240,000 after purchasing an additional 1,283 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of PPG Industries by 68.9% during the first quarter. NewEdge Advisors LLC now owns 23,042 shares of the specialty chemicals company’s stock worth $2,463,000 after purchasing an additional 9,397 shares in the last quarter. Asset Dedication LLC lifted its position in shares of PPG Industries by 59.7% during the first quarter. Asset Dedication LLC now owns 9,875 shares of the specialty chemicals company’s stock worth $1,055,000 after purchasing an additional 3,692 shares in the last quarter. Alpine Woods Capital Investors LLC acquired a new stake in shares of PPG Industries during the first quarter worth approximately $3,519,000. Finally, Essential Partners LLC grew its position in shares of PPG Industries by 59.3% during the first quarter. Essential Partners LLC now owns 301 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 112 shares in 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.