PPG Industries (NYSE:PPG) Releases Quarterly Earnings Results

PPG Industries (NYSE:PPG) released its quarterly earnings data on Tuesday. The specialty chemicals company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.71 by $0.12, FiscalAI reports. The firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.84 billion. PPG Industries had a net margin of 9.93% and a return on equity of 22.30%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.72 earnings per share. PPG Industries updated its FY 2026 guidance to 7.700-8.100 EPS.

PPG Industries Price Performance

NYSE PPG traded up $4.06 on Thursday, reaching $108.75. 427,037 shares of the company’s stock traded hands, compared to its average volume of 2,218,632. PPG Industries has a 12 month low of $93.39 and a 12 month high of $133.43. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.62 and a quick ratio of 1.22. The stock has a 50-day simple moving average of $109.75 and a 200 day simple moving average of $107.41. The stock has a market cap of $24.34 billion, a PE ratio of 15.68, a P/E/G ratio of 1.52 and a beta of 1.16.

PPG Industries Announces Dividend

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

Insider Buying and Selling

In other PPG Industries news, VP Anne M. Foulkes sold 3,594 shares of the stock in a transaction that occurred on 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 directly owned 15,641 shares in the company, valued at $1,949,025.01. This trade represents a 18.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vincent J. Morales sold 78,095 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $131.00, for a total transaction of $10,230,445.00. The SEC filing for this sale provides additional information. Insiders have sold 111,361 shares of company stock worth $14,387,293 over the last quarter. Company insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PPG. Quarry LP bought a new position in shares of PPG Industries in the third quarter worth approximately $26,000. Resources Management Corp CT ADV grew its holdings in shares of PPG Industries by 900.0% in the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 225 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of PPG Industries in the fourth quarter worth approximately $30,000. DV Equities LLC bought a new position in shares of PPG Industries in the fourth quarter worth approximately $32,000. Finally, Chapman Financial Group LLC bought a new position in shares of PPG Industries in the second quarter worth approximately $71,000. Institutional investors own 81.86% of the company’s stock.

Analyst Ratings Changes

PPG has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on shares of PPG Industries from $117.00 to $126.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Royal Bank Of Canada raised their price target on shares of PPG Industries from $114.00 to $119.00 and gave the company a “sector perform” rating in a research note on Thursday, April 16th. Sanford C. Bernstein raised their price target on shares of PPG Industries from $123.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Weiss Ratings restated a “hold (c-)” rating on shares of PPG Industries in a research note on Wednesday, January 28th. Finally, BNP Paribas Exane raised their price target on shares of PPG Industries from $112.00 to $115.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, PPG Industries has an average rating of “Hold” and a consensus price target of $121.57.

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.