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

PPG Industries, Inc. (NYSE:PPG) has been assigned an average recommendation of “Hold” from the nineteen ratings firms that are covering the stock, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $124.7857.

Several analysts have recently commented on PPG shares. Zacks Research upgraded PPG Industries from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. BNP Paribas Exane dropped their target price on PPG Industries from $113.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Citigroup lifted their price objective on PPG Industries from $127.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Berenberg Bank decreased their target price on shares of PPG Industries from $131.00 to $110.00 and set a “hold” rating for the company in a research note on Thursday, December 4th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of PPG Industries in a report on Thursday, January 29th.

Insider Buying and Selling

In other PPG Industries news, CFO Vincent J. Morales sold 78,095 shares of the stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Chancey E. Hagerty sold 2,250 shares of PPG Industries stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $115.59, for a total value of $260,077.50. Following the completion of the sale, the vice president directly owned 8,477 shares in the company, valued at $979,856.43. This represents a 20.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 115,217 shares of company stock valued at $14,771,523 in the last three months. Insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On PPG Industries

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

PPG Industries Price Performance

PPG opened at $128.24 on Thursday. The firm has a market capitalization of $28.78 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.94 and a beta of 1.16. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.08. The business’s 50-day moving average is $112.17 and its two-hundred day moving average is $106.82. PPG Industries has a 1 year low of $90.24 and a 1 year high of $133.43.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.77 billion. PPG Industries had a return on equity of 22.67% and a net margin of 9.93%.The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.61 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Research analysts anticipate that PPG Industries will post 7.95 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 20th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, February 20th. PPG Industries’s payout ratio is presently 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.