PPG Industries, Inc. (NYSE:PPG) Stock Has Average Target Price of $126.62 According to Brokerages

PPG Industries, Inc. (NYSE:PPG) has been assigned an average rating of “Hold” from the seventeen research firms that are covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $126.06.

A number of brokerages have weighed in on PPG. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $136.00 price objective on shares of PPG Industries in a report on Thursday, September 24th. KeyCorp assumed coverage on PPG Industries in a report on Friday, September 11th. They issued an “overweight” rating and a $133.00 price target for the company. Wall Street Zen downgraded PPG Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Royal Bank Of Canada dropped their price objective on PPG Industries from $129.00 to $122.00 and set a “sector perform” rating on the stock in a report on Thursday, July 30th. Finally, UBS Group cut their price objective on PPG Industries from $125.00 to $116.00 and set a “neutral” rating for the company in a research report on Monday.

PPG Industries Stock Up 1.3%

PPG stock opened at $106.59 on Friday. PPG Industries has a one year low of $93.39 and a one year high of $133.43. The stock has a market capitalization of $23.69 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 1.71 and a beta of 1.06. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.58. The company has a fifty day moving average of $110.53 and a 200-day moving average of $111.55.

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

PPG Industries Increases Dividend

The business also recently declared 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. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. 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%. PPG Industries’s dividend payout ratio is currently 42.41%.

Institutional Trading of PPG Industries

Several hedge funds and other institutional investors have recently made changes to their positions in PPG. Meeder Asset Management Inc. purchased a new position in PPG Industries in the second quarter valued at about $26,000. Keating Financial Advisory Services Inc. acquired a new position in PPG Industries during the second quarter worth $28,000. Community Bank N.A. purchased a new stake in PPG Industries during the second quarter worth $28,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of PPG Industries in the second quarter valued at $29,000. Finally, Silvant Capital Management LLC acquired a new position in shares of PPG Industries during the 2nd quarter worth $30,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

About PPG Industries

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. Founded in 1883 as Pittsburgh Plate Glass, the company originally produced plate glass and later expanded into coatings and related technologies. Today, PPG’s products are used to protect, decorate and improve the performance of vehicles, aircraft, buildings, industrial equipment and consumer goods.

PPG serves the automotive, aerospace, construction, industrial, marine, packaging and consumer-product markets.