Intrua Financial LLC acquired a new stake in shares of PPG Industries, Inc. (NYSE:PPG – Free Report) in the third quarter, HoldingsChannel.com reports. The fund acquired 5,016 shares of the specialty chemicals company’s stock, valued at approximately $523,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of PPG. Meeder Asset Management Inc. bought a new stake in PPG Industries during the second quarter valued at about $26,000. Keating Financial Advisory Services Inc. purchased a new stake in PPG Industries in the second quarter worth about $28,000. Community Bank N.A. bought a new position in shares of PPG Industries in the second quarter worth about $28,000. Pin Oak Investment Advisors Inc. bought a new position in shares of PPG Industries in the second quarter worth about $29,000. Finally, Silvant Capital Management LLC purchased a new position in shares of PPG Industries during the 2nd quarter valued at about $30,000. 81.86% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
PPG has been the subject of a number of recent research reports. Citigroup boosted their price objective on PPG Industries from $118.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday. Barclays raised their target price on shares of PPG Industries from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on shares of PPG Industries from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday. Wall Street Zen lowered shares of PPG Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, The Goldman Sachs Group restated a “buy” rating and set a $128.00 price objective on shares of PPG Industries in a research report on Friday, October 9th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $128.29.
PPG Industries News Roundup
Here are the key news stories impacting PPG Industries this week:
- Positive Sentiment: Analysts broadly raised their price targets following PPG’s earnings beat and higher guidance. Wells Fargo lifted its target to $135 and maintained an overweight rating; Barclays raised its target to $137; JPMorgan increased its target to $130 with an overweight rating; and KeyBanc raised its target to $131. Wells Fargo target update KeyBanc target update
- Positive Sentiment: Royal Bank of Canada, UBS and Citigroup also raised their targets, with the new estimates ranging from $123 to $130. These revisions suggest analysts see additional upside after the company’s recent operating performance. Analyst target revisions
- Positive Sentiment: PPG’s third-quarter results exceeded consensus expectations, while discussion of higher guidance supports the outlook for earnings and may reinforce the investment case for the specialty-chemicals manufacturer. PPG Q3 2026 earnings call summary
- Neutral Sentiment: PPG senior information technology manager Jennifer Bourne was named to Pittsburgh Magazine’s 2026 40 Under 40 list. The recognition highlights employee leadership but is unlikely to materially affect near-term financial results. Jennifer Bourne 40 Under 40 announcement
- Negative Sentiment: Morgan Stanley initiated or reiterated a “hold” rating, signaling limited conviction that PPG will outperform at its current valuation. Commentary questioning whether the stock is fairly valued after its earnings beat and guidance increase may also be restraining buying interest. Morgan Stanley hold rating
PPG Industries Trading Up 0.2%
PPG stock opened at $119.72 on Monday. PPG Industries, Inc. has a 1-year low of $93.39 and a 1-year high of $133.43. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.58 and a quick ratio of 1.15. The company has a market capitalization of $26.45 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 2.06 and a beta of 1.00. The business has a 50 day simple moving average of $108.78 and a two-hundred day simple moving average of $112.47.
PPG Industries (NYSE:PPG – Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.13. The firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.28 billion. PPG Industries had a net margin of 9.41% and a return on equity of 20.90%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.13 earnings per share. Research analysts anticipate that PPG Industries, Inc. will post 7.98 EPS for the current fiscal year.
PPG Industries Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Tuesday, November 10th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, November 10th. PPG Industries’s dividend payout ratio (DPR) is presently 42.29%.
About PPG Industries
PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company develops products designed to protect, decorate and improve the performance of surfaces and components used in transportation, construction, manufacturing and consumer products.
Its product portfolio includes automotive and commercial vehicle coatings, aerospace coatings, industrial and protective coatings, architectural paints, packaging coatings, and coatings used in marine and other specialty applications.
Read More
- Five stocks we like better than PPG Industries
- Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Exxon’s Refining Profits Soared—Did Chevron Get the Same Windfall?
- Eli Lilly’s First Full Medicare Quarter: Is Volume Still Outrunning Price Cuts?
- Oracle’s AI Spending Peak Is in Sight—Can the Stock Recover?
Want to see what other hedge funds are holding PPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PPG Industries, Inc. (NYSE:PPG – Free Report).
Receive News & Ratings for PPG Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPG Industries and related companies with MarketBeat.com's FREE daily email newsletter.
