PPG Industries (NYSE:PPG) Price Target Raised to $132.00

PPG Industries (NYSE:PPG) had its price objective boosted by The Goldman Sachs Group from $118.00 to $132.00 in a report issued on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the specialty chemicals company’s stock.

PPG has been the topic of a number of other research reports. Royal Bank Of Canada increased their target price on PPG Industries from $109.00 to $115.00 and gave the stock a “sector perform” rating in a report on Thursday. Citigroup raised their price objective on PPG Industries from $116.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. UBS Group lowered their target price on shares of PPG Industries from $115.00 to $110.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. KeyCorp restated a “sector weight” rating on shares of PPG Industries in a research report on Thursday. Finally, Sanford C. Bernstein lowered their price objective on shares of PPG Industries from $129.00 to $123.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $123.80.

PPG Industries Trading Down 0.8%

NYSE PPG opened at $115.58 on Thursday. The company has a market capitalization of $25.94 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 3.50 and a beta of 1.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.08. PPG Industries has a 12 month low of $90.24 and a 12 month high of $120.91. The company’s fifty day moving average price is $105.14 and its two-hundred day moving average price is $105.52.

PPG Industries (NYSE:PPG) last issued its earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share (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 company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the company posted $1.61 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, research analysts predict that PPG Industries will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

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

Insiders Place Their Bets

In other PPG Industries news, CFO Vincent J. Morales sold 5,200 shares of the business’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $110.00, for a total transaction of $572,000.00. Following the completion of the transaction, the chief financial officer owned 28,439 shares in the company, valued at approximately $3,128,290. The trade was a 15.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.33% of the stock is owned by insiders.

Institutional Investors Weigh In On PPG Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Whittier Trust Co. boosted its holdings in shares of PPG Industries by 1.4% in 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. Applied Capital LLC FL lifted its position in PPG Industries by 1.5% in the fourth quarter. Applied Capital LLC FL now owns 6,406 shares of the specialty chemicals company’s stock worth $656,000 after purchasing an additional 95 shares during the period. Concurrent Investment Advisors LLC boosted its stake in PPG Industries by 1.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 5,313 shares of the specialty chemicals company’s stock valued at $544,000 after purchasing an additional 95 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of PPG Industries by 6.6% during the 2nd quarter. Lazard Asset Management LLC now owns 1,576 shares of the specialty chemicals company’s stock valued at $179,000 after purchasing an additional 97 shares during the period. Finally, Waller Financial Planning Group Inc. raised its stake in shares of PPG Industries by 0.8% in the 4th quarter. Waller Financial Planning Group Inc. now owns 12,764 shares of the specialty chemicals company’s stock worth $1,308,000 after buying an additional 100 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors.

PPG Industries News Roundup

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

PPG Industries Company Profile

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.