Analysts Set PPG Industries, Inc. (NYSE:PPG) Price Target at $121.79

PPG Industries, Inc. (NYSE:PPG) has been given an average rating of “Hold” by the sixteen analysts that are presently covering the stock, Marketbeat.com reports. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $121.7857.

Several analysts have recently commented on PPG shares. Citigroup raised their price objective on shares of PPG Industries from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. decreased their price objective on shares of PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. UBS Group raised their price objective on shares of PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Wells Fargo & Company decreased their price objective on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Friday, April 10th. Finally, Mizuho raised their price objective on shares of PPG Industries from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th.

PPG Industries Stock Up 1.9%

Shares of PPG stock opened at $114.08 on Friday. The company has a market capitalization of $25.43 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 1.63 and a beta of 1.06. PPG Industries has a one year low of $93.39 and a one year high of $133.43. The company’s fifty day moving average price is $108.47 and its 200-day moving average price is $109.04. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.78 by $0.05. The firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.85 billion. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The company’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm earned $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Sell-side analysts expect that PPG Industries will post 7.93 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 11th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, May 11th. PPG Industries’s dividend payout ratio (DPR) is presently 40.51%.

Hedge Funds Weigh In On PPG Industries

Several institutional investors have recently bought and sold shares of the stock. CNB Bank grew its stake in PPG Industries by 1.8% during the fourth quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock valued at $463,000 after acquiring an additional 80 shares in the last quarter. IFP Advisors Inc grew its stake in PPG Industries by 2.7% during the fourth quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock valued at $338,000 after acquiring an additional 87 shares in the last quarter. Whittier Trust Co. grew its stake in PPG Industries by 1.4% during the fourth quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock valued at $703,000 after acquiring an additional 89 shares in the last quarter. Evolve Private Wealth LLC grew its stake in PPG Industries by 3.2% during the first quarter. Evolve Private Wealth LLC now owns 2,929 shares of the specialty chemicals company’s stock valued at $313,000 after acquiring an additional 92 shares in the last quarter. Finally, Insigneo Advisory Services LLC grew its stake in PPG Industries by 4.3% during the fourth quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock valued at $229,000 after acquiring an additional 92 shares in the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.

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.