PPG Industries (NYSE:PPG) Price Target Raised to $126.00

PPG Industries (NYSE:PPG) had its price objective boosted by JPMorgan Chase & Co. from $117.00 to $126.00 in a report issued on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the specialty chemicals company’s stock.

PPG has been the topic of several other reports. KeyCorp reaffirmed a “sector weight” rating on shares of PPG Industries in a research report on Thursday. Bank of America lowered their price target on PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. UBS Group dropped their target price on shares of PPG Industries from $115.00 to $110.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Berenberg Bank decreased their target price on PPG Industries from $131.00 to $110.00 and set a “hold” rating on the stock in a report on Thursday, December 4th. Finally, Sanford C. Bernstein decreased their price target on shares of PPG Industries from $129.00 to $123.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, PPG Industries has an average rating of “Hold” and an average target price of $123.80.

PPG Industries Stock Down 0.8%

Shares of NYSE PPG opened at $115.58 on Thursday. The firm has a 50 day moving average price of $105.14 and a 200 day moving average price of $105.52. The stock has a market cap of $25.94 billion, a P/E ratio of 16.65, a P/E/G ratio of 3.50 and a beta of 1.17. PPG Industries has a 52-week low of $90.24 and a 52-week high of $120.91. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.08 and a current ratio of 1.47.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). PPG Industries had a net margin of 9.93% and a return on equity of 22.67%. The firm had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the company earned $1.61 EPS. PPG Industries’s quarterly revenue was up 5.0% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Analysts expect that PPG Industries will post 7.95 EPS for the current year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.5%. PPG Industries’s payout ratio is 40.92%.

Insider Buying and Selling

In other news, CFO Vincent J. Morales sold 5,200 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $110.00, for a total value of $572,000.00. Following the completion of the transaction, the chief financial officer owned 28,439 shares of the company’s stock, valued at approximately $3,128,290. This represents a 15.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PPG. Kohmann Bosshard Financial Services LLC acquired a new position in PPG Industries in the 4th quarter worth about $51,000. AMG National Trust Bank acquired a new stake in PPG Industries during the 4th quarter valued at approximately $3,671,000. Vest Financial LLC raised its stake in PPG Industries by 1.3% during the fourth quarter. Vest Financial LLC now owns 482,840 shares of the specialty chemicals company’s stock worth $49,472,000 after buying an additional 6,123 shares during the last quarter. M&T Bank Corp raised its position in shares of PPG Industries by 19.1% in the 4th quarter. M&T Bank Corp now owns 48,402 shares of the specialty chemicals company’s stock worth $4,960,000 after acquiring an additional 7,763 shares in the last quarter. Finally, Exencial Wealth Advisors LLC increased its holdings in PPG Industries by 6.0% in the fourth quarter. Exencial Wealth Advisors LLC now owns 4,647 shares of the specialty chemicals company’s stock worth $476,000 after purchasing an additional 265 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

More PPG Industries News

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

• Positive Sentiment: Multiple major brokers raised price targets and/or upgraded stance, suggesting renewed analyst confidence and upside (notable moves: Wells Fargo to $135, Goldman Sachs to $132, Citi to $132, JPMorgan to $126, Jefferies to $125, UBS to $122). Goldman Sachs Price Target Benzinga roundup
• Positive Sentiment: Management and analysts point to a gradual 2026 rebound: PPG set FY‑2026 EPS guidance (7.70–8.10) and management highlighted aerospace momentum and operational cost reductions as drivers of mid‑single‑digit EPS growth. This underpins the recent analyst upgrades. Seeking Alpha: Guidance and drivers
• Positive Sentiment: Citi has become more constructive—raising its target and highlighting emerging housing tailwinds that could boost coatings demand, a specific end‑market benefit for PPG. InsiderMonkey: Citi view
• Neutral Sentiment: Some upgrades came with neutral/hold ratings (e.g., UBS moved to neutral, Jefferies to hold), indicating that while the outlook is improving, not all analysts see clear near‑term upside—suggesting further share gains may depend on sustained execution. Benzinga: Analyst notes
• Negative Sentiment: Operational risk: PPG’s refinish sales have slipped as OEM coatings outpace the market, a segment headwind that could weigh on near‑term organic growth and margins if it continues. AutobodyNews: Refinish sales slide

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.