PPG Industries, Inc. (NYSE:PPG) Receives Average Rating of “Moderate Buy” from Brokerages

PPG Industries, Inc. (NYSE:PPG) has been assigned an average rating of “Moderate Buy” from the eighteen ratings firms that are covering the stock, Marketbeat reports. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $125.9286.

Several analysts recently commented on the stock. KeyCorp restated a “sector weight” rating on shares of PPG Industries in a report on Thursday, January 29th. Mizuho upped their price objective on shares of PPG Industries from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Citigroup increased their target price on shares of PPG Industries from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. 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, Royal Bank Of Canada boosted their price target on shares of PPG Industries from $109.00 to $115.00 and gave the company a “sector perform” rating in a report on Thursday, January 29th.

Insiders Place Their Bets

In other news, CFO Vincent J. Morales sold 78,095 shares of PPG Industries stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $131.00, for a total transaction of $10,230,445.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Anne M. Foulkes sold 3,594 shares of the business’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 value of $447,848.34. Following the completion of the sale, the vice president directly owned 15,641 shares of the company’s stock, 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. Insiders have sold a total of 118,811 shares of company stock valued at $15,219,371 in the last three months. Insiders own 0.33% of the company’s stock.

Institutional Trading of PPG Industries

A number of institutional investors have recently added to or reduced their stakes in PPG. Steigerwald Gordon & Koch Inc. acquired a new position in shares of PPG Industries during the 3rd quarter worth $26,000. Dorato Capital Management acquired a new stake in shares of PPG Industries in the 4th quarter valued at $26,000. Resources Management Corp CT ADV boosted its holdings in 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 purchasing an additional 225 shares in the last quarter. Quarry LP bought a new stake in PPG Industries in the third quarter worth $26,000. Finally, Root Financial Partners LLC acquired a new position in PPG Industries during the third quarter worth $30,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Stock Up 1.1%

NYSE:PPG opened at $101.88 on Monday. The business’s fifty day moving average price is $116.33 and its 200 day moving average price is $107.47. The firm has a market capitalization of $22.80 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 1.53 and a beta of 1.15. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.82. PPG Industries has a 1-year low of $90.24 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 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.77 billion. PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.61 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, sell-side analysts forecast that PPG Industries will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Friday, February 20th were paid a $0.71 dividend. The ex-dividend date was Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a yield of 2.8%. PPG Industries’s payout ratio is 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.