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

Shares of PPG Industries, Inc. (NYSE:PPG) have received an average recommendation of “Hold” from the seventeen brokerages that are presently covering the firm, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $123.00.

PPG has been the topic of a number of recent analyst reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $119.00 price target on shares of PPG Industries in a research report on Wednesday, June 10th. Weiss Ratings upgraded shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. BMO Capital Markets boosted their target price on PPG Industries from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. BNP Paribas Exane increased their price target on PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group dropped their price target on PPG Industries from $134.00 to $130.00 in a report on Friday, May 1st.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC grew its holdings in PPG Industries by 133.4% during the 1st quarter. Parallel Advisors LLC now owns 2,245 shares of the specialty chemicals company’s stock worth $240,000 after acquiring an additional 1,283 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of PPG Industries by 68.9% during the first quarter. NewEdge Advisors LLC now owns 23,042 shares of the specialty chemicals company’s stock worth $2,463,000 after purchasing an additional 9,397 shares in the last quarter. Asset Dedication LLC lifted its position in shares of PPG Industries by 59.7% during the first quarter. Asset Dedication LLC now owns 9,875 shares of the specialty chemicals company’s stock worth $1,055,000 after purchasing an additional 3,692 shares in the last quarter. Alpine Woods Capital Investors LLC acquired a new position in shares of PPG Industries during the first quarter worth approximately $3,519,000. Finally, Essential Partners LLC lifted its position in shares of PPG Industries by 59.3% during the first quarter. Essential Partners LLC now owns 301 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 112 shares in the last quarter. 81.86% of the stock is owned by institutional investors.

PPG Industries Stock Performance

PPG Industries stock opened at $118.08 on Wednesday. The firm has a market capitalization of $26.32 billion, a P/E ratio of 16.84, a P/E/G ratio of 1.74 and a beta of 1.06. The stock has a fifty day moving average price of $111.34 and a two-hundred day moving average price of $110.77. PPG Industries has a 52-week low of $93.39 and a 52-week high of $133.43. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17.

PPG Industries (NYSE:PPG) last issued its 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. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the previous year, the company earned $1.72 EPS. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, analysts anticipate that PPG Industries will post 7.92 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, May 11th were paid a $0.71 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.4%. PPG Industries’s dividend payout ratio (DPR) is 40.51%.

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.