PPG Industries, Inc. (NYSE:PPG) Receives $127.73 Consensus Target Price from Analysts

Shares of PPG Industries, Inc. (NYSE:PPG) have been given an average rating of “Moderate Buy” by the sixteen analysts that are currently covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $127.7273.

PPG has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their price objective on shares of PPG Industries from $135.00 to $132.00 and set an “overweight” rating on the stock in a report on Friday, October 10th. Royal Bank Of Canada raised their price objective on shares of PPG Industries from $115.00 to $117.00 and gave the stock a “sector perform” rating in a report on Friday, August 1st. Bank of America dropped their price objective on shares of PPG Industries from $131.00 to $129.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Mizuho dropped their price objective on shares of PPG Industries from $135.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PPG Industries in a report on Wednesday, October 8th.

PPG Industries Price Performance

Shares of PPG opened at $101.55 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.04 and a current ratio of 1.42. The stock has a 50 day simple moving average of $107.49 and a 200 day simple moving average of $108.79. PPG Industries has a 52-week low of $90.24 and a 52-week high of $132.18. The firm has a market capitalization of $22.92 billion, a PE ratio of 23.03, a P/E/G ratio of 2.14 and a beta of 1.16.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.22. PPG Industries had a return on equity of 23.85% and a net margin of 6.25%.The business had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the firm earned $2.50 EPS. PPG Industries’s quarterly revenue was down .9% compared to the same quarter last year. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. Sell-side analysts predict that PPG Industries will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, November 10th will be given a $0.71 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $2.84 dividend on an annualized basis and a yield of 2.8%. PPG Industries’s dividend payout ratio (DPR) is 64.40%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PPG. Brighton Jones LLC grew its position in PPG Industries by 9.1% in the fourth quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock valued at $487,000 after purchasing an additional 339 shares in the last quarter. GAMMA Investing LLC grew its position in PPG Industries by 8.3% in the first quarter. GAMMA Investing LLC now owns 6,626 shares of the specialty chemicals company’s stock valued at $725,000 after purchasing an additional 505 shares in the last quarter. Exchange Traded Concepts LLC grew its position in PPG Industries by 1,165.2% in the first quarter. Exchange Traded Concepts LLC now owns 11,627 shares of the specialty chemicals company’s stock valued at $1,271,000 after purchasing an additional 10,708 shares in the last quarter. Sowell Financial Services LLC bought a new position in PPG Industries in the first quarter valued at $242,000. Finally, QRG Capital Management Inc. grew its position in PPG Industries by 1.4% in the first quarter. QRG Capital Management Inc. now owns 11,803 shares of the specialty chemicals company’s stock valued at $1,291,000 after purchasing an additional 159 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

About PPG Industries

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.