PPG Industries, Inc. (NYSE:PPG) Given Consensus Recommendation of “Hold” by Analysts

PPG Industries, Inc. (NYSE:PPG) has received a consensus rating of “Hold” from the eighteen ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have issued 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 analysts that have updated their coverage on the stock in the last year is $123.5833.

Several equities analysts recently commented on PPG shares. UBS Group cut their price target on shares of PPG Industries from $115.00 to $110.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Citigroup dropped their target price on PPG Industries from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Zacks Research downgraded PPG Industries from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. JPMorgan Chase & Co. raised their price target on PPG Industries from $112.00 to $117.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of PPG Industries in a report on Friday, October 31st.

Institutional Investors Weigh In On PPG Industries

Several large investors have recently added to or reduced their stakes in PPG. Brighton Jones LLC boosted its holdings in shares of PPG Industries by 9.1% in the fourth quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock valued at $487,000 after purchasing an additional 339 shares during the period. Atria Wealth Solutions Inc. increased its holdings in PPG Industries by 203.1% during the 1st quarter. Atria Wealth Solutions Inc. now owns 5,513 shares of the specialty chemicals company’s stock worth $603,000 after purchasing an additional 3,694 shares during the period. Charles Schwab Investment Management Inc. raised its position in PPG Industries by 3.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,734,270 shares of the specialty chemicals company’s stock valued at $298,992,000 after purchasing an additional 85,891 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in PPG Industries during the 1st quarter valued at $215,000. Finally, Deutsche Bank AG lifted its holdings in shares of PPG Industries by 17.9% in the 1st quarter. Deutsche Bank AG now owns 1,190,132 shares of the specialty chemicals company’s stock worth $130,141,000 after buying an additional 181,076 shares during the period. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Stock Performance

NYSE:PPG opened at $101.06 on Friday. The firm has a market capitalization of $22.68 billion, a PE ratio of 22.92, a PEG ratio of 2.76 and a beta of 1.16. The stock’s fifty day moving average is $99.79 and its 200 day moving average is $107.40. PPG Industries has a fifty-two week low of $90.24 and a fifty-two week high of $130.05. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.08 and a current ratio of 1.47.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $2.13 EPS for the quarter, topping the consensus estimate of $2.09 by $0.04. PPG Industries had a net margin of 6.35% and a return on equity of 23.61%. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same period in the previous year, the firm earned $2.13 earnings per share. PPG Industries’s quarterly revenue was up 1.2% compared to the same quarter last year. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS. On average, sell-side analysts anticipate that PPG Industries will post 7.95 earnings per share for the current year.

PPG Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, November 10th will be issued a $0.71 dividend. The ex-dividend date is Monday, November 10th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.8%. PPG Industries’s dividend payout ratio is presently 64.40%.

About PPG Industries

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.