PPG Industries (NYSE:PPG) Price Target Raised to $119.00

PPG Industries (NYSE:PPG) had its price objective boosted by Royal Bank Of Canada from $114.00 to $119.00 in a report released on Thursday, MarketBeat.com reports. They currently have a sector perform rating on the specialty chemicals company’s stock.

PPG has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of PPG Industries from $120.00 to $130.00 in a research note on Friday, March 27th. KeyCorp restated a “sector weight” rating on shares of PPG Industries in a research note on Thursday, January 29th. The Goldman Sachs Group increased their price objective on PPG Industries from $118.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Zacks Research upgraded PPG Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Citigroup reiterated a “neutral” rating and set a $113.00 price objective (down from $132.00) on shares of PPG Industries in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $120.50.

PPG Industries Stock Up 2.5%

Shares of PPG opened at $114.92 on Thursday. The company has a 50-day simple moving average of $112.92 and a 200-day simple moving average of $106.97. The firm has a market capitalization of $25.72 billion, a P/E ratio of 16.56, a P/E/G ratio of 1.70 and a beta of 1.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.22 and a current ratio of 1.62. PPG Industries has a 52 week low of $93.39 and a 52 week high of $133.43.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). PPG Industries had a net margin of 9.93% and a return on equity of 22.30%. The company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the company posted $1.61 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities research analysts expect that PPG Industries will post 7.95 earnings per share for the current year.

PPG Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 11th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, May 11th. PPG Industries’s dividend payout ratio (DPR) is currently 40.92%.

Insider Activity at PPG Industries

In related news, VP Anne M. Foulkes sold 3,594 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $124.61, for a total transaction of $447,848.34. Following the completion of the sale, the vice president directly owned 15,641 shares of the company’s stock, valued at $1,949,025.01. This trade represents a 18.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Chancey E. Hagerty sold 2,250 shares of the firm’s stock in a transaction 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 sale, the vice president directly owned 8,477 shares of the company’s stock, valued at $979,856.43. This represents a 20.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 113,611 shares of company stock valued at $14,647,371 in the last three months. Corporate insiders own 0.33% of the company’s stock.

Institutional Trading of PPG Industries

A number of hedge funds and other institutional investors have recently modified their holdings of PPG. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of PPG Industries in the third quarter valued at approximately $26,000. Dorato Capital Management acquired a new stake in shares of PPG Industries during the 4th quarter worth approximately $26,000. Resources Management Corp CT ADV grew its position in shares of PPG Industries by 900.0% during the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 225 shares during the period. Quarry LP acquired a new stake in shares of PPG Industries during the 3rd quarter worth approximately $26,000. Finally, Root Financial Partners LLC acquired a new stake in shares of PPG Industries during the 3rd quarter worth approximately $30,000. 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: Preliminary Q1 earnings beat and revenue upside, driven by strength in aerospace and Latin America architectural coatings — this helped trigger an immediate positive market reaction. PPG earnings beat
• Positive Sentiment: Management is pursuing price increases and signaled a steady growth outlook, which investors expect will stabilize margins going forward. Price hikes will help stabilize margins
• Positive Sentiment: Acquisition of Ozark Materials (road/pavement-marking business) expands PPG’s traffic solutions offering and creates cross‑sell opportunities in coatings for infrastructure. PPG expands traffic solutions with Ozark deal
• Positive Sentiment: PPG emphasized strong 2025 operating performance at its annual meeting: $15.9B in net sales and 2% organic growth, led by Performance Coatings — evidence of above‑market execution. PPG highlights 2025 performance
• Positive Sentiment: Royal Bank of Canada raised its PPG price target to $119 (while keeping a sector perform rating), giving a modest analyst-driven lift to sentiment. RBC raises price target
• Neutral Sentiment: PPG declared a quarterly dividend of $0.71 (yield ~2.5%) with record date May 11 — a steady income item but not a material catalyst by itself.
• Neutral Sentiment: Multiple news pieces and analyst notes highlight mix of margin pressure and mitigation from pricing — this suggests continued execution will be needed for sustained upside. Shares jump on pricing action

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.