PPG Industries (NYSE:PPG) Reaches New 12-Month High – What’s Next?

PPG Industries, Inc. (NYSE:PPG)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $121.54 and last traded at $120.7150, with a volume of 699151 shares changing hands. The stock had previously closed at $116.46.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PPG shares. UBS Group boosted their target price on PPG Industries from $110.00 to $122.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. The Goldman Sachs Group boosted their price objective on PPG Industries from $118.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Royal Bank Of Canada upped their price objective on shares of PPG Industries from $109.00 to $115.00 and gave the company a “sector perform” rating in a research note on Thursday, January 29th. Sanford C. Bernstein raised their target price on shares of PPG Industries from $123.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Finally, Wells Fargo & Company boosted their price target on shares of PPG Industries from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, PPG Industries presently has a consensus rating of “Hold” and a consensus price target of $123.71.

PPG Industries Stock Down 1.3%

The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $27.89 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 1.79 and a beta of 1.16. The business’s 50-day moving average price is $106.44 and its 200-day moving average price is $105.63.

PPG Industries (NYSE:PPG) last released its quarterly earnings data 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 company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.77 billion. PPG Industries had a net margin of 9.93% and a return on equity of 22.67%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.61 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities research analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

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

Insider Transactions at PPG Industries

In other PPG Industries news, VP Chancey E. Hagerty sold 2,250 shares of PPG Industries stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $115.59, for a total value of $260,077.50. Following the completion of the sale, the vice president directly owned 8,477 shares in the company, valued at $979,856.43. The trade was a 20.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vincent J. Morales sold 29,672 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $125.00, for a total transaction of $3,709,000.00. Following the transaction, the chief financial officer owned 28,439 shares in the company, valued at approximately $3,554,875. This trade represents a 51.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,122 shares of company stock valued at $4,541,078 over the last ninety days. Company insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On PPG Industries

A number of large investors have recently bought and sold shares of the business. Capital Advisors Ltd. LLC boosted its stake in shares of PPG Industries by 127.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 223 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 125 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in shares of PPG Industries in the 3rd quarter valued at approximately $26,000. Dorato Capital Management acquired a new stake in PPG Industries in the 4th quarter worth approximately $26,000. Quarry LP bought a new stake in PPG Industries during the third quarter worth approximately $26,000. Finally, Root Financial Partners LLC acquired a new position in PPG Industries during the third quarter valued at approximately $30,000. 81.86% of the stock is currently owned by institutional investors.

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.