PPG Industries, Inc. (NYSE:PPG) Receives Consensus Rating of “Hold” from Analysts

by · The Cerbat Gem

Shares of PPG Industries, Inc. (NYSE:PPGGet Free Report) have been assigned a consensus recommendation of “Hold” from the eighteen ratings firms that are presently covering the company, MarketBeat reports. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $120.1429.

Several brokerages have recently commented on PPG. Zacks Research raised PPG Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Citigroup reissued a “neutral” rating and set a $113.00 price target (down from $132.00) on shares of PPG Industries in a research note on Wednesday, April 1st. Sanford C. Bernstein boosted their price target on PPG Industries from $123.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Wells Fargo & Company reduced their target price on PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, April 10th. Finally, Bank of America reduced their target price on PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th.

View Our Latest Report on PPG Industries

PPG Industries Price Performance

Shares of NYSE:PPG opened at $110.53 on Friday. The business’s 50 day simple moving average is $113.76 and its 200-day simple moving average is $106.83. The firm has a market capitalization of $24.74 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth 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. PPG Industries has a 12 month low of $93.39 and a 12 month high of $133.43.

PPG Industries (NYSE:PPGGet Free Report) last announced 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). The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.77 billion. PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.PPG Industries’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $1.61 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities analysts forecast that PPG Industries will post 7.95 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

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

Insider Activity at PPG Industries

In related news, VP Anne M. Foulkes sold 3,594 shares of the company’s 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 sale, the vice president owned 15,641 shares of the company’s stock, valued at approximately $1,949,025.01. This represents a 18.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vincent J. Morales sold 78,095 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $131.00, for a total value of $10,230,445.00. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 118,811 shares of company stock valued at $15,219,371. 0.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PPG Industries

A number of institutional investors and hedge funds have recently bought and sold shares of PPG. Brighton Jones LLC lifted its stake in PPG Industries by 9.1% in the 4th quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock valued at $487,000 after buying an additional 339 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in PPG Industries by 31.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company’s stock valued at $421,000 after acquiring an additional 920 shares during the last quarter. Empowered Funds LLC raised its holdings in PPG Industries by 6.1% in the 1st quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock valued at $2,882,000 after acquiring an additional 1,526 shares during the last quarter. Woodline Partners LP raised its holdings in PPG Industries by 40.7% in the 1st quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock valued at $2,143,000 after acquiring an additional 5,667 shares during the last quarter. Finally, CW Advisors LLC acquired a new position in PPG Industries in the 2nd quarter valued at $315,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.

About PPG Industries

(Get Free Report)

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.

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