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

PPG Industries, Inc. (NYSE:PPG) has been assigned an average rating of “Hold” from the seventeen analysts that are covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $126.1333.

A number of analysts have recently weighed in on PPG shares. Wells Fargo & Company dropped their price target on PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Friday, April 10th. Wall Street Zen upgraded PPG Industries from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup upped their price objective on PPG Industries from $114.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 24th. Jefferies Financial Group dropped their target price on PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a research report on Thursday, March 26th. Finally, Weiss Ratings upgraded PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Pzena Investment Management LLC boosted its position in shares of PPG Industries by 306.2% during the fourth quarter. Pzena Investment Management LLC now owns 7,098,767 shares of the specialty chemicals company’s stock worth $727,340,000 after buying an additional 5,351,103 shares during the period. Franklin Resources Inc. increased its position in PPG Industries by 48.9% in the 4th quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company’s stock valued at $716,256,000 after acquiring an additional 2,295,118 shares during the period. Norges Bank acquired a new stake in PPG Industries in the 4th quarter valued at approximately $209,355,000. First Trust Advisors LP raised its stake in PPG Industries by 321.4% during the 1st quarter. First Trust Advisors LP now owns 2,287,261 shares of the specialty chemicals company’s stock valued at $244,462,000 after acquiring an additional 1,744,528 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in PPG Industries by 85.6% during the 1st quarter. Bank of New York Mellon Corp now owns 2,507,399 shares of the specialty chemicals company’s stock valued at $267,991,000 after acquiring an additional 1,156,078 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Down 1.1%

Shares of NYSE:PPG opened at $117.39 on Friday. The company’s fifty day moving average is $114.79 and its two-hundred day moving average is $112.87. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61. PPG Industries has a 1-year low of $93.39 and a 1-year high of $133.43. The stock has a market capitalization of $26.17 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 1.72 and a beta of 1.05.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.78 by $0.05. The business had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.85 billion. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities analysts anticipate that PPG Industries will post 7.94 EPS for the current year.

PPG Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 10th will be given a $0.74 dividend. The ex-dividend date is Monday, August 10th. This represents a $2.96 annualized dividend and a yield of 2.5%. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. PPG Industries’s payout ratio is 42.23%.

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.