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

Shares of PPG Industries, Inc. (NYSE:PPG) have been given a consensus recommendation of “Moderate Buy” by the fifteen research firms that are currently covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $129.8182.

Several brokerages recently weighed in on PPG. Wells Fargo & Company increased their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. cut their price objective on shares of PPG Industries from $115.00 to $105.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Royal Bank Of Canada increased their price objective on shares of PPG Industries from $115.00 to $117.00 and gave the company a “sector perform” rating in a report on Friday, August 1st. UBS Group increased their price objective on shares of PPG Industries from $111.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, July 9th. Finally, Mizuho increased their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th.

PPG Industries Stock Performance

Shares of PPG Industries stock opened at $112.19 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.42 and a quick ratio of 1.04. The firm has a market cap of $25.32 billion, a P/E ratio of 25.44, a P/E/G ratio of 2.33 and a beta of 1.17. The firm has a 50 day simple moving average of $112.71 and a 200 day simple moving average of $110.66. PPG Industries has a fifty-two week low of $90.24 and a fifty-two week high of $137.24.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share for the quarter, meeting the consensus estimate of $2.22. PPG Industries had a net margin of 6.25% and a return on equity of 23.85%. The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the prior year, the business posted $2.50 earnings per share. PPG Industries’s revenue was down .9% compared to the same quarter last year. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. Sell-side analysts predict that PPG Industries will post 7.95 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, August 11th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.5%. This is a boost from PPG Industries’s previous quarterly dividend of $0.68. The ex-dividend date is Monday, August 11th. PPG Industries’s dividend payout ratio (DPR) is 64.40%.

Institutional Investors Weigh In On PPG Industries

Hedge funds have recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new stake in PPG Industries in the fourth quarter worth $26,000. Capital Advisors Ltd. LLC raised its holdings in PPG Industries by 127.6% in the second quarter. Capital Advisors Ltd. LLC now owns 223 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 125 shares during the period. Cheviot Value Management LLC acquired a new stake in PPG Industries in the first quarter worth $26,000. Gladwyn Financial Advisors Inc. acquired a new stake in PPG Industries in the second quarter worth $31,000. Finally, Headlands Technologies LLC acquired a new stake in PPG Industries in the first quarter worth $30,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Company Profile

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.