PPG Industries (NYSE:PPG) Price Target Raised to $123.00

PPG Industries (NYSE:PPG) had its target price upped by Royal Bank Of Canada from $115.00 to $123.00 in a research report released on Thursday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the specialty chemicals company’s stock.

PPG has been the topic of several other reports. Sanford C. Bernstein reissued an “outperform” rating and issued a $137.00 target price on shares of PPG Industries in a report on Thursday. BMO Capital Markets dropped their target price on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. Wall Street Zen downgraded shares of PPG Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Wells Fargo & Company increased their price target on shares of PPG Industries from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, KeyCorp lifted their price objective on shares of PPG Industries from $128.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, PPG Industries currently has an average rating of “Moderate Buy” and a consensus price target of $128.29.

PPG Industries Stock Performance

NYSE:PPG opened at $119.72 on Thursday. The company has a market cap of $26.45 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 2.18 and a beta of 1.06. PPG Industries has a fifty-two week low of $93.39 and a fifty-two week high of $133.43. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.15 and a current ratio of 1.58. The stock has a fifty day moving average price of $108.78 and a 200-day moving average price of $112.47.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Tuesday, October 27th. The specialty chemicals company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.13. The company had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.28 billion. PPG Industries had a return on equity of 20.90% and a net margin of 9.41%. PPG Industries’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business earned $2.13 earnings per share. As a group, equities analysts anticipate that PPG Industries will post 7.98 EPS for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Tuesday, November 10th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $2.96 annualized dividend and a yield of 2.5%. PPG Industries’s dividend payout ratio (DPR) is 42.29%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PPG. BlackRock Inc. bought a new position in shares of PPG Industries in the 2nd quarter valued at $2,856,392,000. State Street Corp grew its position in PPG Industries by 8.8% during the 2nd quarter. State Street Corp now owns 13,871,116 shares of the specialty chemicals company’s stock worth $1,682,428,000 after acquiring an additional 1,124,109 shares during the last quarter. Pzena Investment Management LLC bought a new stake in PPG Industries during the 2nd quarter worth $946,964,000. Dimensional Fund Advisors LP grew its position in PPG Industries by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,925,343 shares of the specialty chemicals company’s stock worth $312,613,000 after acquiring an additional 58,411 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in PPG Industries in the 2nd quarter worth about $318,870,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries News Roundup

Here are the key news stories impacting PPG Industries this week:

• Positive Sentiment: Analysts broadly raised their price targets following PPG’s earnings beat and higher guidance. Wells Fargo lifted its target to $135 and maintained an overweight rating; Barclays raised its target to $137; JPMorgan increased its target to $130 with an overweight rating; and KeyBanc raised its target to $131. Wells Fargo target update KeyBanc target update
• Positive Sentiment: Royal Bank of Canada, UBS and Citigroup also raised their targets, with the new estimates ranging from $123 to $130. These revisions suggest analysts see additional upside after the company’s recent operating performance. Analyst target revisions
• Positive Sentiment: PPG’s third-quarter results exceeded consensus expectations, while discussion of higher guidance supports the outlook for earnings and may reinforce the investment case for the specialty-chemicals manufacturer. PPG Q3 2026 earnings call summary
• Neutral Sentiment: PPG senior information technology manager Jennifer Bourne was named to Pittsburgh Magazine’s 2026 40 Under 40 list. The recognition highlights employee leadership but is unlikely to materially affect near-term financial results. Jennifer Bourne 40 Under 40 announcement
• Negative Sentiment: Morgan Stanley initiated or reiterated a “hold” rating, signaling limited conviction that PPG will outperform at its current valuation. Commentary questioning whether the stock is fairly valued after its earnings beat and guidance increase may also be restraining buying interest. Morgan Stanley hold rating

About PPG Industries

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company develops products designed to protect, decorate and improve the performance of surfaces and components used in transportation, construction, manufacturing and consumer products.

Its product portfolio includes automotive and commercial vehicle coatings, aerospace coatings, industrial and protective coatings, architectural paints, packaging coatings, and coatings used in marine and other specialty applications.