PPG Industries (NYSE:PPG) Price Target Raised to $135.00

Posted by Brian Himes on Nov 1st, 2026

PPG Industries (NYSE:PPG – Free Report) had its target price raised by Wells Fargo & Company from $130.00 to $135.00 in a research report sent to investors on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the specialty chemicals company’s stock.

Other equities research analysts have also issued reports about the stock. KeyCorp increased their target price on shares of PPG Industries from $128.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of PPG Industries in a report on Monday, September 14th. BMO Capital Markets decreased their price target on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating for the company in a report on Monday, July 6th. Citigroup dropped their price objective on PPG Industries from $121.00 to $118.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 30th. Finally, Royal Bank Of Canada reduced their target price on PPG Industries from $122.00 to $115.00 and set a “sector perform” rating on the stock in a report on Friday, October 9th. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.29.

Read Our Latest Stock Analysis on PPG Industries

PPG Industries Stock Performance

Shares of PPG stock opened at $119.72 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.58 and a quick ratio of 1.15. The stock has a market cap of $26.45 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 2.18 and a beta of 1.06. The stock has a 50-day moving average of $108.78 and a 200-day moving average of $112.47. PPG Industries has a one year low of $93.39 and a one year high of $133.43.

PPG Industries (NYSE:PPG – Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The specialty chemicals company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.13. PPG Industries had a net margin of 9.41% and a return on equity of 20.90%. The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same quarter last year, the firm earned $2.13 EPS. PPG Industries’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts expect that PPG Industries will post 7.98 earnings per share for the current year.

PPG Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Tuesday, November 10th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, November 10th. PPG Industries’s dividend payout ratio is 42.29%.

Institutional Investors Weigh In On PPG Industries

Several large investors have recently made changes to their positions in PPG. Meeder Asset Management Inc. acquired a new position in shares of PPG Industries during the 2nd quarter worth approximately $26,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of PPG Industries in the 2nd quarter valued at approximately $28,000. Community Bank N.A. acquired a new stake in shares of PPG Industries in the 2nd quarter valued at approximately $28,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of PPG Industries in the 2nd quarter valued at approximately $29,000. Finally, Silvant Capital Management LLC bought a new position in shares of PPG Industries in the second quarter valued at $30,000. Institutional investors own 81.86% of the company’s stock.

More PPG Industries News

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

PPG Industries Company Profile

(Get Free Report)

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.