PPG Industries (NYSE:PPG) Receives “Neutral” Rating from Citigroup

PPG Industries (NYSE:PPG)‘s stock had its “neutral” rating reissued by research analysts at Citigroup in a research report issued to clients and investors on Wednesday, MarketBeat reports. They presently have a $113.00 price target on the specialty chemicals company’s stock. Citigroup’s target price would suggest a potential upside of 5.53% from the stock’s current price.

A number of other research analysts have also recently issued reports on PPG. The Goldman Sachs Group lifted their target price on PPG Industries from $118.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. KeyCorp reaffirmed a “sector weight” rating on shares of PPG Industries in a report on Thursday, January 29th. Sanford C. Bernstein upped their price objective on shares of PPG Industries from $123.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Royal Bank Of Canada dropped their price objective on shares of PPG Industries from $115.00 to $114.00 and set a “sector perform” rating for the company in a research note on Thursday, March 19th. Finally, Evercore raised their target price on shares of PPG Industries from $112.00 to $128.00 in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $122.71.

PPG Industries Stock Up 3.1%

NYSE PPG opened at $107.08 on Wednesday. The business has a fifty day moving average price of $115.22 and a two-hundred day moving average price of $106.85. The stock has a market capitalization of $23.96 billion, a PE ratio of 15.43, a PEG ratio of 1.57 and a beta of 1.15. PPG Industries has a fifty-two week low of $90.24 and a fifty-two week high of $133.43. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.62 and a quick ratio of 1.22.

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

Insider Buying and Selling at PPG Industries

In related news, VP Anne M. Foulkes sold 3,594 shares of PPG Industries stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $124.61, for a total value of $447,848.34. Following the transaction, the vice president directly owned 15,641 shares of the company’s stock, valued at $1,949,025.01. The trade was a 18.68% 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, VP Chancey E. Hagerty sold 2,250 shares of the company’s 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 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 118,811 shares of company stock worth $15,219,371. Insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PPG. Steigerwald Gordon & Koch Inc. bought a new stake in shares of PPG Industries in the 3rd quarter valued at $26,000. Dorato Capital Management acquired a new stake in shares of PPG Industries during the fourth quarter worth $26,000. Resources Management Corp CT ADV raised its stake in PPG Industries by 900.0% during the fourth 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 last quarter. Quarry LP acquired a new position in PPG Industries in the third quarter valued at $26,000. Finally, Root Financial Partners LLC acquired a new position in PPG Industries in the third quarter valued at $30,000. Institutional investors own 81.86% of the company’s stock.

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.