PPG Industries, Inc. (NYSE:PPG) Given Average Recommendation of “Hold” by Brokerages

Shares of PPG Industries, Inc. (NYSE:PPG) have been given an average recommendation of “Hold” by the nineteen analysts that are covering the stock, Marketbeat.com reports. Eleven equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $125.9286.

A number of research analysts recently issued reports on the company. Royal Bank Of Canada lifted their price target on PPG Industries from $109.00 to $115.00 and gave the company a “sector perform” rating in a report on Thursday, January 29th. Sanford C. Bernstein raised their price objective on shares of PPG Industries from $123.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Wells Fargo & Company upped their target price on shares of PPG Industries from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Mizuho increased their price target on shares of PPG Industries from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, Zacks Research upgraded shares of PPG Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd.

Insider Buying and Selling at PPG Industries

In related news, VP Chancey E. Hagerty sold 2,250 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $115.59, for a total value of $260,077.50. Following the transaction, the vice president owned 8,477 shares in the company, valued at $979,856.43. This trade represents a 20.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vincent J. Morales sold 78,095 shares of PPG Industries stock in a transaction dated 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 115,217 shares of company stock worth $14,771,523 in the last ninety days. 0.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PPG Industries

A number of institutional investors and hedge funds have recently modified their holdings of PPG. Vanguard Group Inc. grew its holdings in PPG Industries by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 29,265,369 shares of the specialty chemicals company’s stock worth $3,328,936,000 after acquiring an additional 192,560 shares during the period. Wellington Management Group LLP lifted its stake in shares of PPG Industries by 19.9% in the 3rd quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock valued at $1,593,443,000 after purchasing an additional 2,521,004 shares during the period. State Street Corp boosted its position in shares of PPG Industries by 4.6% in the 4th quarter. State Street Corp now owns 12,829,677 shares of the specialty chemicals company’s stock worth $1,314,529,000 after purchasing an additional 565,523 shares during the last quarter. Pzena Investment Management LLC grew its stake in shares of PPG Industries by 306.2% during the fourth quarter. Pzena Investment Management LLC now owns 7,098,767 shares of the specialty chemicals company’s stock worth $727,340,000 after purchasing an additional 5,351,103 shares during the period. Finally, Franklin Resources Inc. increased its holdings in PPG Industries by 48.9% in the fourth quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company’s stock valued at $716,256,000 after purchasing an additional 2,295,118 shares during the last quarter. 81.86% of the stock is owned by institutional investors.

PPG Industries Stock Performance

NYSE:PPG opened at $125.22 on Thursday. The stock has a market capitalization of $27.99 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 1.90 and a beta of 1.16. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.82. PPG Industries has a 1 year low of $90.24 and a 1 year high of $133.43. The firm has a 50 day moving average of $113.49 and a 200-day moving average of $107.24.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). PPG Industries had a net margin of 9.93% and a return on equity of 22.30%. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the business earned $1.61 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, sell-side analysts anticipate that PPG Industries will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be given a dividend of $0.71 per share. The ex-dividend date is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.3%. PPG Industries’s payout ratio is presently 40.92%.

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.