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

PPG Industries, Inc. (NYSE:PPG) has been assigned a consensus recommendation of “Hold” from the seventeen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $126.4375.

Several equities research analysts have recently commented on PPG shares. Bank of America upgraded PPG Industries from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $127.00 to $134.00 in a research note on Friday, July 17th. KeyCorp initiated coverage on PPG Industries in a report on Friday. They issued an “overweight” rating and a $133.00 price target on the stock. BMO Capital Markets dropped their price target on PPG Industries from $140.00 to $138.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. Royal Bank Of Canada cut their price target on PPG Industries from $129.00 to $122.00 and set a “sector perform” rating for the company in a report on Thursday, July 30th. Finally, Citigroup reduced their target price on shares of PPG Industries from $125.00 to $121.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th.

PPG Industries Trading Up 0.5%

NYSE PPG opened at $105.55 on Monday. PPG Industries has a 12 month low of $93.39 and a 12 month high of $133.43. The stock’s fifty day moving average price is $114.32 and its 200-day moving average price is $112.35. The stock has a market cap of $23.46 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.70 and a beta of 1.07. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72.

PPG Industries (NYSE:PPG) last posted its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The business had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same period in the previous year, the business posted $2.22 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities analysts forecast that PPG Industries will post 7.89 EPS for the current fiscal year.

PPG Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Monday, August 10th were given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 2.8%. This is a positive change from PPG Industries’s previous quarterly dividend of $0.71. The ex-dividend date was Monday, August 10th. PPG Industries’s dividend payout ratio is 42.41%.

Hedge Funds Weigh In On PPG Industries

A number of hedge funds have recently added to or reduced their stakes in the stock. Archford Capital Strategies LLC bought a new stake in PPG Industries during the 2nd quarter valued at $208,000. Engineers Gate Manager LP bought a new stake in PPG Industries during the second quarter valued at about $36,857,000. Cidel Asset Management Inc. boosted its position in PPG Industries by 10.2% during the second quarter. Cidel Asset Management Inc. now owns 2,565 shares of the specialty chemicals company’s stock valued at $311,000 after purchasing an additional 237 shares in the last quarter. Community Bank N.A. purchased a new position in PPG Industries in the second quarter valued at about $28,000. Finally, Baird Financial Group Inc. raised its holdings in PPG Industries by 5.9% in the second quarter. Baird Financial Group Inc. now owns 103,156 shares of the specialty chemicals company’s stock worth $12,512,000 after purchasing an additional 5,791 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors.

Key Headlines Impacting PPG Industries

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

• Positive Sentiment: KeyCorp initiated coverage of PPG Industries with an Overweight rating and a $133 price target, implying approximately 26% upside from the referenced $105.55 share price. The bullish stance indicates confidence in PPG’s valuation and earnings outlook. KeyCorp initiates coverage of PPG Industries
• Positive Sentiment: KeyCorp projected EPS of $2.11 for the third quarter and $1.72 for the fourth quarter, followed by $8.45 for fiscal 2027 and $9.45 for fiscal 2028. The longer-term estimates exceed the current full-year consensus of $7.89, suggesting expectations for earnings growth. KeyCorp PPG earnings estimates
• Neutral Sentiment: PPG hosted an Innovation Day in Tianjin, China, showcasing customer-focused coatings solutions, digital capabilities and its “Inside the Can” and “Outside the Can” innovation strategies. The event reinforces PPG’s long-term product-development and customer-retention efforts, although no immediate financial impact or new guidance was announced. PPG hosts innovation day in Tianjin

About PPG Industries

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company supplies protective and decorative coatings used in automotive, aerospace, industrial, marine, packaging and consumer applications. Its products are designed to protect surfaces, improve appearance and provide specialized performance characteristics such as corrosion resistance and durability.

PPG’s portfolio includes automotive refinish coatings, original-equipment automotive coatings, aerospace coatings, industrial and protective coatings, packaging coatings, and architectural paints and coatings.