PPG Industries (NYSE:PPG) Price Target Raised to $132.00 at Citigroup

PPG Industries (NYSE:PPG) had its target price raised by Citigroup from $127.00 to $132.00 in a report issued on Thursday morning,Benzinga reports. Citigroup currently has a buy rating on the specialty chemicals company’s stock.

PPG has been the topic of a number of other research reports. Bank of America lowered their target price on PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Berenberg Bank reduced their price target on shares of PPG Industries from $131.00 to $110.00 and set a “hold” rating for the company in a research report on Thursday, December 4th. UBS Group dropped their price objective 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. Wells Fargo & Company boosted their target price on shares of PPG Industries from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, BNP Paribas Exane decreased their price target on shares of PPG Industries from $113.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $123.33.

PPG Industries Stock Up 2.2%

PPG opened at $116.44 on Thursday. PPG Industries has a twelve month low of $90.24 and a twelve month high of $123.30. The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The firm has a 50 day moving average price of $104.80 and a 200-day moving average price of $105.59. The stock has a market capitalization of $26.13 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 3.40 and a beta of 1.17.

PPG Industries (NYSE:PPG) last posted its earnings results 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 company had revenue of $3.91 billion during 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%.The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $1.61 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities research analysts forecast that PPG Industries will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

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

Insiders Place Their Bets

In other PPG Industries news, CFO Vincent J. Morales sold 5,200 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $110.00, for a total value of $572,000.00. Following the completion of the sale, the chief financial officer owned 28,439 shares in the company, valued at approximately $3,128,290. This represents a 15.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Institutional Trading of PPG Industries

Several institutional investors have recently made changes to their positions in PPG. Capital Advisors Ltd. LLC raised its stake in PPG Industries by 127.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 223 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 125 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new stake in PPG Industries during the 3rd quarter valued at approximately $26,000. Dorato Capital Management bought a new stake in shares of PPG Industries during the fourth quarter valued at approximately $26,000. Quarry LP purchased a new position in shares of PPG Industries in the third quarter worth $26,000. Finally, Root Financial Partners LLC bought a new position in shares of PPG Industries during the third quarter worth $30,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries News Summary

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

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.