PPG Industries, Inc. (NYSE:PPG) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts maintain a cautious outlook: PPG Industries has an average “Hold” rating from 17 analysts, with 10 holds and seven buys. The average 12-month price target is $126, compared with the stock’s reported price of $112.59.
• Quarterly results were mixed: PPG reported earnings of $2.23 per share, slightly below the $2.25 consensus, while revenue rose 7.2% year over year to $4.50 billion and exceeded expectations.
• PPG raised its dividend: The quarterly payout increased to $0.74 per share, or $2.96 annually, implying a 2.6% yield and a 42.41% payout ratio. Institutional investors own approximately 81.86% of the company.

PPG Industries, Inc. (NYSE:PPG - Get Free Report) has received an average rating of "Hold" from the seventeen ratings firms that are presently covering the firm, MarketBeat reports. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $126.00.

Several analysts have recently weighed in on the stock. Royal Bank Of Canada dropped their price target on shares of PPG Industries from $129.00 to $122.00 and set a "sector perform" rating for the company in a research note on Thursday, July 30th. Mizuho upped their price objective on PPG Industries from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Wednesday, July 1st. Wall Street Zen lowered PPG Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Bank of America raised PPG Industries from a "neutral" rating to a "buy" rating and raised their target price for the stock from $127.00 to $134.00 in a research note on Friday, July 17th. Finally, Weiss Ratings upgraded PPG Industries from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, June 17th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. acquired a new position in shares of PPG Industries in the 2nd quarter worth approximately $26,000. Resources Management Corp CT ADV increased its holdings in PPG Industries by 900.0% in the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company's stock valued at $26,000 after purchasing an additional 225 shares during the last quarter. Quarry LP acquired a new stake in PPG Industries in the 3rd quarter valued at approximately $26,000. Keating Financial Advisory Services Inc. purchased a new stake in PPG Industries in the second quarter valued at approximately $28,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in PPG Industries in the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 81.86% of the company's stock.

PPG Industries Stock Up 0.1%

NYSE PPG opened at $112.59 on Monday. The business's fifty day simple moving average is $115.83 and its 200-day simple moving average is $112.92. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. The firm has a market cap of $25.03 billion, a PE ratio of 16.13, a P/E/G ratio of 1.82 and a beta of 1.07. PPG Industries has a 52 week low of $93.39 and a 52 week high of $133.43.

PPG Industries (NYSE:PPG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.25 by ($0.02). PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. The firm had revenue of $4.50 billion during the quarter, compared to analysts' expectations of $4.37 billion. During the same period in the prior year, the company posted $2.22 EPS. The company's revenue for the quarter was up 7.2% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities analysts anticipate that PPG Industries will post 7.89 earnings per share for the current year.

PPG Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 10th will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, August 10th. This is a positive change from PPG Industries's previous quarterly dividend of $0.71. PPG Industries's dividend payout ratio is 42.41%.

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.

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