PPG Industries, Inc. (NYSE:PPG) Given Average Rating of “Hold” by Analysts

PPG Industries, Inc. (NYSE:PPG) has been assigned an average recommendation of “Hold” from the eighteen brokerages that are presently covering the company, MarketBeat reports. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $120.50.

A number of brokerages recently commented on PPG. Jefferies Financial Group dropped their price objective on shares of PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. The Goldman Sachs Group lifted their target price on PPG Industries from $118.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Wells Fargo & Company lifted their target price on PPG Industries from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. BNP Paribas Exane dropped their target price on PPG Industries from $113.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. lifted their target price on PPG Industries from $117.00 to $126.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th.

Insiders Place Their Bets

In other PPG Industries news, VP Chancey E. Hagerty sold 2,250 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $115.59, for a total transaction of $260,077.50. Following the transaction, the vice president owned 8,477 shares of the company’s stock, valued at $979,856.43. The trade was a 20.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Vincent J. Morales sold 78,095 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $131.00, for a total value of $10,230,445.00. The SEC filing for this sale provides additional information. Insiders have sold 118,811 shares of company stock valued at $15,219,371 in the last 90 days. 0.33% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. CNB Bank boosted its position in shares of PPG Industries by 1.8% during the 4th quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock valued at $463,000 after purchasing an additional 80 shares in the last quarter. IFP Advisors Inc boosted its position in shares of PPG Industries by 2.7% during the 4th quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock valued at $338,000 after purchasing an additional 87 shares in the last quarter. Whittier Trust Co. boosted its position in shares of PPG Industries by 1.4% during the 4th quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock valued at $703,000 after purchasing an additional 89 shares in the last quarter. Insigneo Advisory Services LLC boosted its position in shares of PPG Industries by 4.3% during the 4th quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock valued at $229,000 after purchasing an additional 92 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its position in shares of PPG Industries by 1.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 8,533 shares of the specialty chemicals company’s stock valued at $874,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Trading Down 0.6%

NYSE PPG opened at $109.77 on Friday. The firm has a market cap of $24.57 billion, a P/E ratio of 15.82, a P/E/G ratio of 1.67 and a beta of 1.16. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.62 and a quick ratio of 1.22. The stock’s 50-day moving average is $114.17 and its 200-day moving average is $106.72. PPG Industries has a one year low of $93.39 and a one year high of $133.43.

PPG Industries (NYSE:PPG) last released its quarterly earnings results 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 return on equity of 22.30% and a net margin of 9.93%.The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the business earned $1.61 EPS. The company’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. Sell-side analysts anticipate that PPG Industries will post 7.95 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Friday, February 20th were given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, February 20th. PPG Industries’s dividend payout ratio (DPR) is currently 40.92%.

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.