PPG Industries, Inc. (NYSE:PPG) Stock Has Consensus Price Target of $126.62 According to Brokerages

Shares of PPG Industries, Inc. (NYSE:PPG) have received a consensus rating of “Hold” from the seventeen analysts that are presently covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $126.06.

A number of equities research analysts have recently issued reports on PPG shares. UBS Group dropped their price objective on PPG Industries from $125.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday. BMO Capital Markets decreased their target price on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PPG Industries in a research report on Monday, September 14th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $136.00 price target on shares of PPG Industries in a research note on Thursday, September 24th. Finally, Royal Bank Of Canada decreased their price objective on shares of PPG Industries from $129.00 to $122.00 and set a “sector perform” rating for the company in a research report on Thursday, July 30th.

Institutional Trading of PPG Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. QRG Capital Management Inc. lifted its position in shares of PPG Industries by 9.2% in the second quarter. QRG Capital Management Inc. now owns 20,147 shares of the specialty chemicals company’s stock valued at $2,444,000 after buying an additional 1,695 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of PPG Industries by 6.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,012 shares of the specialty chemicals company’s stock worth $244,000 after acquiring an additional 114 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of PPG Industries by 2.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 251,590 shares of the specialty chemicals company’s stock worth $30,515,000 after acquiring an additional 6,928 shares during the last quarter. State Street Corp raised its stake 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 valued at $1,682,428,000 after acquiring an additional 1,124,109 shares during the period. Finally, Archford Capital Strategies LLC acquired a new stake in PPG Industries during the 2nd quarter valued at $208,000. Institutional investors own 81.86% of the company’s stock.

PPG Industries Price Performance

Shares of NYSE PPG opened at $105.52 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.15. The business has a 50-day moving average of $110.26 and a 200-day moving average of $111.66. The stock has a market capitalization of $23.46 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.70 and a beta of 1.06. PPG Industries has a fifty-two week low of $93.39 and a fifty-two week high of $133.43.

PPG Industries (NYSE:PPG) last released its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.02). The company had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.37 billion. PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, sell-side analysts predict that PPG Industries will post 7.89 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 10th were issued a dividend of $0.74 per share. The ex-dividend date was Monday, August 10th. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 dividend on an annualized basis and a yield of 2.8%. PPG Industries’s dividend payout ratio is 42.41%.

PPG Industries Company Profile

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. Founded in 1883 as Pittsburgh Plate Glass, the company originally produced plate glass and later expanded into coatings and related technologies. Today, PPG’s products are used to protect, decorate and improve the performance of vehicles, aircraft, buildings, industrial equipment and consumer goods.

PPG serves the automotive, aerospace, construction, industrial, marine, packaging and consumer-product markets.