PPG Industries (NYSE:PPG) Shares Gap Up After Analyst Upgrade

PPG Industries, Inc. (NYSE:PPG) gapped up prior to trading on Thursday after Royal Bank Of Canada raised their price target on the stock from $114.00 to $119.00. The stock had previously closed at $107.72, but opened at $116.00. Royal Bank Of Canada currently has a sector perform rating on the stock. PPG Industries shares last traded at $113.5810, with a volume of 429,029 shares traded.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. increased their price target on shares of PPG Industries from $117.00 to $126.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. Citigroup reaffirmed a “neutral” rating and set a $113.00 price objective (down from $132.00) on shares of PPG Industries in a research report on Wednesday, April 1st. Mizuho cut their price objective on shares of PPG Industries from $140.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, March 23rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PPG Industries in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, PPG Industries currently has a consensus rating of “Hold” and a consensus target price of $120.50.

Insider Activity at PPG Industries

In related news, VP Anne M. Foulkes sold 3,594 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $124.61, for a total transaction of $447,848.34. Following the transaction, the vice president owned 15,641 shares of the company’s stock, valued at approximately $1,949,025.01. This trade represents a 18.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Chancey E. Hagerty sold 2,250 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $115.59, for a total transaction of $260,077.50. Following the transaction, the vice president directly owned 8,477 shares in the company, valued at approximately $979,856.43. The trade was a 20.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 113,611 shares of company stock valued at $14,647,371. 0.33% of the stock is currently owned by corporate insiders.

Key PPG Industries News

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

• Positive Sentiment: Preliminary Q1 results and updated guidance outperformed expectations — PPG said adjusted Q1 EPS of $1.83 (vs. prior consensus ~$1.71) and flagged stronger-than-expected end-market performance, which traders view as a beat and a catalyst for the rally. PPG Industries Stock Jumps on Preliminary Earnings Beat
• Positive Sentiment: Company announced a global price increase of up to 20% across paints, coatings and specialty products to offset volatile input costs — this should help stabilize margins if volumes hold. PPG announces global price increase of up to 20% already in progress
• Positive Sentiment: PPG completed the acquisition of Ozark Materials (pavement marking manufacturer) for ~$65M in cash — expands traffic solutions footprint and adds a complementary, service-oriented business that can drive steady aftermarket revenue. PPG acquires pavement markings manufacturer Ozark Materials, LLC
• Positive Sentiment: Separate article frames the Ozark deal as expanding PPG’s traffic solutions offering — underscores strategic fit and cross‑sell potential in North America. PPG Industries Expands Traffic Solutions With Ozark Materials Pavement Marking Deal
• Positive Sentiment: Management highlighted solid 2025 performance at the annual meeting — $15.9B net sales with 2% organic growth and strength in aerospace, protective and marine coatings, supporting the narrative of above‑market organic growth. PPG highlights 2025 performance during annual meeting of shareholders
• Positive Sentiment: Royal Bank of Canada raised its price target to $119 (from $114) — a modest analyst upgrade that provides additional near‑term upside validation. RBC raises price target on PPG Industries to $119 from $114
• Neutral Sentiment: PPG declared a quarterly cash dividend of $0.71 per share (record May 11, payable June 12), indicating steady shareholder returns but also setting the ex‑dividend timing that investors should note.

Institutional Trading of PPG Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of PPG Industries in the third quarter worth $26,000. Dorato Capital Management acquired a new stake in shares of PPG Industries in the fourth quarter worth $26,000. Resources Management Corp CT ADV lifted its stake in shares of PPG Industries by 900.0% in the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 225 shares during the last quarter. Quarry LP acquired a new stake in shares of PPG Industries in the third quarter worth $26,000. Finally, Root Financial Partners LLC acquired a new stake in shares of PPG Industries in the third quarter worth $30,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Price Performance

The stock’s 50 day moving average price is $113.16 and its two-hundred day moving average price is $106.88. 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 firm has a market capitalization of $25.12 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 1.63 and a beta of 1.16.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share 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 firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the firm posted $1.61 earnings per share. PPG Industries’s quarterly revenue 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. On average, equities research analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 11th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a yield of 2.5%. PPG Industries’s payout ratio is 40.92%.

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.