Royal Bank Of Canada Boosts PPG Industries (NYSE:PPG) Price Target to $119.00

PPG Industries (NYSE:PPG) had its price objective hoisted by analysts at Royal Bank Of Canada from $114.00 to $119.00 in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage presently has a “sector perform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 3.55% from the company’s current price.

Several other research analysts have also recently commented on PPG. Deutsche Bank Aktiengesellschaft increased their price target on PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. Sanford C. Bernstein raised their price objective on PPG Industries from $123.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. UBS Group cut their price objective on PPG Industries from $122.00 to $110.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Wells Fargo & Company cut their price objective on PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Friday, April 10th. Finally, The Goldman Sachs Group raised their price objective on PPG Industries from $118.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $120.50.

PPG Industries Stock Performance

Shares of NYSE PPG opened at $114.92 on Thursday. The stock has a 50 day moving average price of $112.92 and a 200 day moving average price of $106.95. PPG Industries has a 52 week low of $93.39 and a 52 week high of $133.43. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.22 and a current ratio of 1.62. The stock has a market capitalization of $25.72 billion, a PE ratio of 16.56, a price-to-earnings-growth ratio of 1.70 and a beta of 1.16.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.06). PPG Industries had a net margin of 9.93% and a return on equity of 22.30%. The company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the company posted $1.61 earnings per share. The business’s revenue for the quarter 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 predict that PPG Industries will post 7.95 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Chancey E. Hagerty sold 2,250 shares of the 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 in the company, valued at approximately $979,856.43. This trade represents a 20.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Anne M. Foulkes sold 3,594 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $124.61, for a total value of $447,848.34. Following the transaction, the vice president owned 15,641 shares in the company, valued at approximately $1,949,025.01. This trade represents a 18.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 113,611 shares of company stock valued at $14,647,371 over the last three months. Insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On PPG Industries

A number of large investors have recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of PPG Industries by 19.9% during the third quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock worth $1,593,443,000 after purchasing an additional 2,521,004 shares during the period. State Street Corp increased its stake in shares of PPG Industries by 4.6% during the fourth quarter. State Street Corp now owns 12,829,677 shares of the specialty chemicals company’s stock worth $1,314,529,000 after purchasing an additional 565,523 shares during the period. Pzena Investment Management LLC increased its stake in shares of PPG Industries by 306.2% during the fourth quarter. Pzena Investment Management LLC now owns 7,098,767 shares of the specialty chemicals company’s stock worth $727,340,000 after purchasing an additional 5,351,103 shares during the period. Franklin Resources Inc. increased its stake in shares of PPG Industries by 48.9% during the fourth quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company’s stock worth $716,256,000 after purchasing an additional 2,295,118 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in shares of PPG Industries by 0.4% during the fourth quarter. First Eagle Investment Management LLC now owns 6,290,622 shares of the specialty chemicals company’s stock worth $644,537,000 after purchasing an additional 26,793 shares during the period. Institutional investors own 81.86% of the company’s stock.

More PPG Industries News

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

• Positive Sentiment: Preliminary Q1 earnings beat and revenue upside, driven by strength in aerospace and Latin America architectural coatings — this helped trigger an immediate positive market reaction. PPG earnings beat
• Positive Sentiment: Management is pursuing price increases and signaled a steady growth outlook, which investors expect will stabilize margins going forward. Price hikes will help stabilize margins
• Positive Sentiment: Acquisition of Ozark Materials (road/pavement-marking business) expands PPG’s traffic solutions offering and creates cross‑sell opportunities in coatings for infrastructure. PPG expands traffic solutions with Ozark deal
• Positive Sentiment: PPG emphasized strong 2025 operating performance at its annual meeting: $15.9B in net sales and 2% organic growth, led by Performance Coatings — evidence of above‑market execution. PPG highlights 2025 performance
• Positive Sentiment: Royal Bank of Canada raised its PPG price target to $119 (while keeping a sector perform rating), giving a modest analyst-driven lift to sentiment. RBC raises price target
• Neutral Sentiment: PPG declared a quarterly dividend of $0.71 (yield ~2.5%) with record date May 11 — a steady income item but not a material catalyst by itself.
• Neutral Sentiment: Multiple news pieces and analyst notes highlight mix of margin pressure and mitigation from pricing — this suggests continued execution will be needed for sustained upside. Shares jump on pricing action

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.