PPG Industries (NYSE:PPG) Given New $135.00 Price Target at Wells Fargo & Company

PPG Industries (NYSE:PPG) had its price objective raised by Wells Fargo & Company from $130.00 to $135.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an overweight rating on the specialty chemicals company’s stock.

Other equities analysts have also issued reports about the stock. Evercore ISI lowered their price target on shares of PPG Industries from $145.00 to $112.00 and set an “in-line” rating on the stock in a research report on Tuesday, November 11th. Citigroup lifted their price target on shares of PPG Industries from $116.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. Weiss Ratings restated a “hold (c-)” rating on shares of PPG Industries in a research note on Friday, October 31st. JPMorgan Chase & Co. lifted their price objective on PPG Industries from $112.00 to $117.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Finally, Sanford C. Bernstein decreased their price target on PPG Industries from $129.00 to $123.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, PPG Industries has a consensus rating of “Hold” and an average target price of $123.33.

PPG Industries Trading Up 2.2%

Shares of PPG stock opened at $116.44 on Thursday. PPG Industries has a 12-month low of $90.24 and a 12-month high of $123.30. The company has a market capitalization of $26.13 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 3.40 and a beta of 1.17. The firm has a 50 day moving average price of $104.80 and a two-hundred day moving average price of $105.59. The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 0.74.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.77 billion. PPG Industries had a return on equity of 22.67% and a net margin of 9.93%.PPG Industries’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $1.61 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, analysts predict that PPG Industries will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 20th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 2.4%. PPG Industries’s dividend payout ratio (DPR) is 64.40%.

Insider Buying and Selling

In other news, CFO Vincent J. Morales sold 5,200 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $110.00, for a total value of $572,000.00. Following the completion of the transaction, the chief financial officer owned 28,439 shares of the company’s stock, valued at approximately $3,128,290. This represents a 15.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.

Institutional Trading of PPG Industries

Hedge funds have recently added to or reduced their stakes in the stock. Whittier Trust Co. boosted its holdings in shares of PPG Industries by 1.4% during the 4th quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock valued at $703,000 after acquiring an additional 89 shares in the last quarter. Applied Capital LLC FL raised its holdings in PPG Industries by 1.5% in the 4th quarter. Applied Capital LLC FL now owns 6,406 shares of the specialty chemicals company’s stock valued at $656,000 after buying an additional 95 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in PPG Industries by 1.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 5,313 shares of the specialty chemicals company’s stock worth $544,000 after buying an additional 95 shares during the period. Lazard Asset Management LLC raised its stake in shares of PPG Industries by 6.6% during the second quarter. Lazard Asset Management LLC now owns 1,576 shares of the specialty chemicals company’s stock valued at $179,000 after acquiring an additional 97 shares during the last quarter. Finally, Waller Financial Planning Group Inc. grew its stake in shares of PPG Industries by 0.8% in the fourth quarter. Waller Financial Planning Group Inc. now owns 12,764 shares of the specialty chemicals company’s stock worth $1,308,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds 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: Major broker raises: Wells Fargo raised its target to $135 and kept an overweight rating (largest upside among revisions). Benzinga
• Positive Sentiment: Goldman Sachs raised its target to $132 and rates PPG a buy — a meaningful bullish endorsement. Benzinga
• Positive Sentiment: Citigroup increased its target to $132 and upgraded to buy, signaling confidence in PPG’s medium‑term outlook. Benzinga
• Positive Sentiment: JPMorgan bumped its target to $126 and kept an overweight stance, another institutional vote of confidence. Benzinga TickerReport
• Positive Sentiment: Jefferies raised its target to $125 with a hold rating, and Mizuho raised to $125 with an outperform — more upward pressure on consensus fair value. Benzinga
• Positive Sentiment: UBS lifted its target to $122 (neutral), adding to the cluster of higher analyst valuations. Benzinga
• Neutral Sentiment: Royal Bank of Canada nudged its target to $115 but keeps a sector‑perform rating (slight implied downside vs. current price). Benzinga
• Neutral Sentiment: Broader coverage and research pieces (Zacks, Seeking Alpha) highlight PPG as a longer‑term value/earnings‑watch idea but are not driving immediate directional conviction. Zacks
• Negative Sentiment: Q4 results: PPG reported a Q4 EPS miss (EPS below estimates) despite a revenue beat and 5% y/y sales growth; management noted softer European and industrial markets into 2026. Yahoo Finance
• Negative Sentiment: FY‑2026 guidance came in at $7.70–$8.10 EPS vs. consensus ~8.06, which tempers upside and is cited by some analysts as a reason for cautious near‑term outlook. Investing.com

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.