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

PPG Industries, Inc. (NYSE:PPG) has been given a consensus rating of “Hold” by the nineteen analysts that are covering the stock, MarketBeat.com reports. Eleven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $125.9286.

Several research firms have commented on PPG. Wells Fargo & Company boosted their price objective on PPG Industries from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Sanford C. Bernstein upped their price objective on shares of PPG Industries from $123.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Bank of America cut their price objective on shares of PPG Industries from $118.00 to $116.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. UBS Group lifted their target price on shares of PPG Industries from $110.00 to $122.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Finally, Berenberg Bank dropped 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 note on Thursday, December 4th.

PPG Industries Trading Down 2.0%

PPG Industries stock opened at $122.98 on Thursday. The firm has a market cap of $27.49 billion, a PE ratio of 17.72, a P/E/G ratio of 1.88 and a beta of 1.16. PPG Industries has a 12 month low of $90.24 and a 12 month high of $133.43. The stock’s 50 day simple moving average is $114.30 and its two-hundred day simple moving average is $107.48. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.82.

PPG Industries (NYSE:PPG) last posted its earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.06). The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.77 billion. PPG Industries had a net margin of 9.93% and a return on equity of 22.30%. PPG Industries’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $1.61 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Analysts anticipate that PPG Industries will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, February 20th. PPG Industries’s dividend payout ratio is 40.92%.

Insiders Place Their Bets

In related news, CFO Vincent J. Morales sold 78,095 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $131.00, for a total transaction of $10,230,445.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Chancey E. Hagerty sold 2,250 shares of the business’s 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 sale, the vice president owned 8,477 shares of the company’s stock, valued at approximately $979,856.43. The trade was a 20.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 118,811 shares of company stock worth $15,219,371 over the last three months. Company insiders own 0.33% of the company’s stock.

Institutional Trading of PPG Industries

A number of institutional investors have recently modified their holdings of PPG. Pacer Advisors Inc. grew its holdings in PPG Industries by 21.7% in the fourth quarter. Pacer Advisors Inc. now owns 21,924 shares of the specialty chemicals company’s stock valued at $2,246,000 after purchasing an additional 3,910 shares during the last quarter. Kera Capital Partners Inc. raised its stake in PPG Industries by 17.9% in the 4th quarter. Kera Capital Partners Inc. now owns 2,449 shares of the specialty chemicals company’s stock valued at $251,000 after purchasing an additional 371 shares during the last quarter. Cambient Family Office LLC purchased a new position in PPG Industries in the 4th quarter valued at about $410,000. Compound Planning Inc. purchased a new stake in shares of PPG Industries during the fourth quarter worth about $2,012,000. Finally, Invesco Ltd. raised its position in shares of PPG Industries by 5.9% in the fourth quarter. Invesco Ltd. now owns 3,597,874 shares of the specialty chemicals company’s stock valued at $368,638,000 after buying an additional 199,361 shares during the last quarter. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

PPG Industries Company Profile

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.