PPG Industries (NYSE:PPG) Price Target Raised to $115.00 at BNP Paribas Exane

PPG Industries (NYSE:PPG) had its price objective increased by BNP Paribas Exane from $112.00 to $115.00 in a research note published on Monday,MarketScreener reports. BNP Paribas Exane currently has a neutral rating on the specialty chemicals company’s stock.

A number of other research analysts have also recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, April 10th. Evercore boosted their target price on shares of PPG Industries from $112.00 to $128.00 in a research note on Wednesday, February 18th. UBS Group decreased their target price on shares of PPG Industries from $122.00 to $110.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Zacks Research raised shares of PPG Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Citigroup reaffirmed a “neutral” rating and set a $113.00 target price (down from $132.00) on shares of PPG Industries in a research note on Wednesday, April 1st. One equities 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 company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $120.71.

PPG Industries Stock Performance

Shares of NYSE:PPG opened at $114.87 on Monday. The company’s 50 day simple moving average is $112.67 and its 200 day simple moving average is $107.06. The stock has a market capitalization of $25.71 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 1.73 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. PPG Industries has a 1 year low of $93.39 and a 1 year high of $133.43.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data 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). The firm had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.77 billion. PPG Industries had a net margin of 9.93% and a return on equity of 22.30%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $1.61 earnings per share. 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 7.99 EPS for the current fiscal year.

PPG Industries Dividend Announcement

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

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 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 sale, the vice president owned 8,477 shares of the company’s stock, valued at approximately $979,856.43. The trade was a 20.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Anne M. Foulkes sold 3,594 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $124.61, for a total transaction of $447,848.34. Following the sale, the vice president directly owned 15,641 shares in the company, valued at approximately $1,949,025.01. The trade was a 18.68% decrease in their position. The SEC filing for this sale provides additional information. 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 insiders.

Institutional Trading of PPG Industries

Several institutional investors have recently modified their holdings of the business. Wellington Management Group LLP grew its stake in shares of PPG Industries by 19.9% in 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 last quarter. State Street Corp grew its stake in shares of PPG Industries by 4.6% in 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 last quarter. Pzena Investment Management LLC grew its stake in shares of PPG Industries by 306.2% in 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 last quarter. Franklin Resources Inc. grew its stake in shares of PPG Industries by 48.9% in 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 last quarter. Finally, First Eagle Investment Management LLC grew its stake in shares of PPG Industries by 0.4% in 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 last quarter. Institutional investors own 81.86% of the company’s stock.

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.