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

PPG Industries, Inc. (NYSE:PPG) has been assigned an average rating of “Hold” from the eighteen research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $122.5385.

A number of research firms recently commented on PPG. Citigroup increased their target price on PPG Industries from $116.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. Sanford C. Bernstein reduced their price objective 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. Mizuho dropped their target price on PPG Industries from $135.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Wells Fargo & Company cut their target price on PPG Industries from $132.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of PPG Industries in a research note on Friday, October 31st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. CGN Advisors LLC lifted its stake in shares of PPG Industries by 18.8% in the 4th quarter. CGN Advisors LLC now owns 14,982 shares of the specialty chemicals company’s stock valued at $1,535,000 after acquiring an additional 2,375 shares during the last quarter. Rosenberg Matthew Hamilton increased its stake in PPG Industries by 226.7% in the 4th quarter. Rosenberg Matthew Hamilton now owns 624 shares of the specialty chemicals company’s stock worth $64,000 after purchasing an additional 433 shares during the period. Allworth Financial LP lifted its position in PPG Industries by 4.7% in the third quarter. Allworth Financial LP now owns 3,749 shares of the specialty chemicals company’s stock valued at $394,000 after purchasing an additional 169 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of PPG Industries by 31.0% during the third quarter. IFP Advisors Inc now owns 3,202 shares of the specialty chemicals company’s stock valued at $340,000 after purchasing an additional 758 shares during the period. Finally, Swiss Life Asset Management Ltd grew its holdings in shares of PPG Industries by 4.3% in the third quarter. Swiss Life Asset Management Ltd now owns 64,965 shares of the specialty chemicals company’s stock worth $6,828,000 after purchasing an additional 2,667 shares during the last quarter. 81.86% of the stock is owned by institutional investors.

PPG Industries Stock Up 0.4%

PPG stock opened at $105.63 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.08 and a debt-to-equity ratio of 0.74. The company’s 50 day moving average is $100.08 and its 200 day moving average is $106.15. The stock has a market cap of $23.70 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 2.73 and a beta of 1.17. PPG Industries has a 1-year low of $90.24 and a 1-year high of $124.74.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, October 28th. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.04. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.06 billion. PPG Industries had a net margin of 6.35% and a return on equity of 23.61%. PPG Industries’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.13 earnings per share. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS. Sell-side analysts predict that PPG Industries will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Monday, November 10th were given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, November 10th. PPG Industries’s dividend payout ratio (DPR) is presently 64.40%.

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.