PPG Industries, Inc. (NYSE:PPG) Receives $126.00 Average PT from Analysts

Shares of PPG Industries, Inc. (NYSE:PPG) have earned a consensus recommendation of “Hold” from the seventeen research firms that are currently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $126.4375.

Several equities research analysts have recently commented on the company. Bank of America upgraded PPG Industries from a “neutral” rating to a “buy” rating and upped their price target for the stock from $127.00 to $134.00 in a research note on Friday, July 17th. UBS Group decreased their price target on PPG Industries from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Royal Bank Of Canada lowered their price objective on shares of PPG Industries from $129.00 to $122.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 30th. Mizuho increased their target price on PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Finally, Weiss Ratings upgraded shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 17th.

PPG Industries Trading Up 0.0%

PPG opened at $105.55 on Monday. The business’s 50 day moving average is $114.32 and its two-hundred day moving average is $112.26. PPG Industries has a 52 week low of $93.39 and a 52 week high of $133.43. The firm has a market cap of $23.46 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.71 and a beta of 1.07. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.72.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the prior year, the company earned $2.22 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, research analysts predict that PPG Industries will post 7.89 EPS for the current year.

PPG Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Monday, August 10th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. PPG Industries’s dividend payout ratio is currently 42.41%.

More PPG Industries News

Here are the key news stories impacting PPG Industries this week:

• Positive Sentiment: KeyCorp initiated coverage of PPG Industries with an Overweight rating and a $133 price target, implying approximately 26% upside from the referenced $105.55 share price. The bullish stance indicates confidence in PPG’s valuation and earnings outlook. KeyCorp initiates coverage of PPG Industries
• Positive Sentiment: KeyCorp projected EPS of $2.11 for the third quarter and $1.72 for the fourth quarter, followed by $8.45 for fiscal 2027 and $9.45 for fiscal 2028. The longer-term estimates exceed the current full-year consensus of $7.89, suggesting expectations for earnings growth. KeyCorp PPG earnings estimates
• Neutral Sentiment: PPG hosted an Innovation Day in Tianjin, China, showcasing customer-focused coatings solutions, digital capabilities and its “Inside the Can” and “Outside the Can” innovation strategies. The event reinforces PPG’s long-term product-development and customer-retention efforts, although no immediate financial impact or new guidance was announced. PPG hosts innovation day in Tianjin

Institutional Trading of PPG Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in PPG Industries during the second quarter worth about $26,000. Resources Management Corp CT ADV lifted its holdings in PPG Industries by 900.0% in the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 225 shares in the last quarter. Quarry LP acquired a new position in shares of PPG Industries in the third quarter worth about $26,000. Keating Financial Advisory Services Inc. purchased a new position in shares of PPG Industries during the 2nd quarter valued at approximately $28,000. Finally, Community Bank N.A. bought a new position in PPG Industries during the 2nd quarter valued at $28,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.

About PPG Industries

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company supplies protective and decorative coatings used in automotive, aerospace, industrial, marine, packaging and consumer applications. Its products are designed to protect surfaces, improve appearance and provide specialized performance characteristics such as corrosion resistance and durability.

PPG’s portfolio includes automotive refinish coatings, original-equipment automotive coatings, aerospace coatings, industrial and protective coatings, packaging coatings, and architectural paints and coatings.