PPG Industries, Inc. (NYSE:PPG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of PPG Industries, Inc. (NYSE:PPG) have received an average rating of “Moderate Buy” from the eighteen research firms that are covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $125.8571.

A number of equities analysts have recently issued reports on PPG shares. Mizuho increased their target price on PPG Industries from $125.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Jefferies Financial Group boosted their price target on PPG Industries from $115.00 to $125.00 and gave the company a “hold” rating in a research note on Thursday, January 29th. UBS Group upped their price target on PPG Industries from $110.00 to $122.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. The Goldman Sachs Group increased their price objective on PPG Industries from $118.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of PPG Industries in a report on Wednesday, January 28th.

PPG Industries Stock Performance

NYSE PPG opened at $97.12 on Monday. PPG Industries has a twelve month low of $90.24 and a twelve 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 stock has a market cap of $21.73 billion, a P/E ratio of 13.99, a PEG ratio of 1.47 and a beta of 1.15. The company’s 50-day simple moving average is $115.85 and its 200 day simple moving average is $107.13.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). The business had revenue of $3.91 billion for 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%.The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.61 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, research analysts forecast that PPG Industries will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Friday, February 20th were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, February 20th. PPG Industries’s dividend payout ratio (DPR) is currently 40.92%.

Insider Buying and Selling at PPG Industries

In other news, VP Anne M. Foulkes sold 3,594 shares of the firm’s 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 completion of the sale, the vice president owned 15,641 shares of the company’s stock, valued at approximately $1,949,025.01. This trade represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Vincent J. Morales sold 78,095 shares of PPG Industries 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 a total of 118,811 shares of company stock worth $15,219,371 over the last ninety days. Corporate insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On PPG Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC lifted its position in PPG Industries by 9.1% during the 4th quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock worth $487,000 after buying an additional 339 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in PPG Industries by 31.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company’s stock valued at $421,000 after acquiring an additional 920 shares in the last quarter. Empowered Funds LLC raised its stake in shares of PPG Industries by 6.1% in the first quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock worth $2,882,000 after acquiring an additional 1,526 shares during the last quarter. Woodline Partners LP lifted its position in shares of PPG Industries by 40.7% during the first quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock worth $2,143,000 after purchasing an additional 5,667 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of PPG Industries by 8.9% during the second quarter. Allworth Financial LP now owns 3,580 shares of the specialty chemicals company’s stock worth $407,000 after purchasing an additional 292 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.