Analysts Set PPG Industries, Inc. (NYSE:PPG) Target Price at $129.82

Key Points

• PPG Industries has been given a consensus recommendation of "Moderate Buy" by 15 ratings firms, with an average 12-month target price of $129.82.
• Large investors have actively adjusted their stakes in PPG, with notable increases from Norges Bank and Price T Rowe Associates, bringing institutional ownership to 81.86%.
• PPG Industries has announced an increase in its quarterly dividend to $0.71 per share, yielding 2.6%, reflecting a strong commitment to returning capital to shareholders.

PPG Industries, Inc. (NYSE:PPG - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $129.8182.

PPG has been the topic of a number of recent research reports. Royal Bank Of Canada upped their target price on shares of PPG Industries from $115.00 to $117.00 and gave the company a "sector perform" rating in a report on Friday, August 1st. Mizuho upped their target price on shares of PPG Industries from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Wells Fargo & Company upped their target price on shares of PPG Industries from $125.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. UBS Group increased their price objective on shares of PPG Industries from $111.00 to $125.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Finally, Citigroup increased their price objective on shares of PPG Industries from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, June 13th.

PPG Industries Trading Down 0.0%

NYSE:PPG traded down $0.04 on Monday, reaching $109.38. The stock had a trading volume of 2,348,924 shares, compared to its average volume of 1,581,943. The company has a market cap of $24.69 billion, a price-to-earnings ratio of 24.80, a P/E/G ratio of 2.26 and a beta of 1.14. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.42 and a quick ratio of 1.04. The firm's fifty day moving average is $110.92 and its two-hundred day moving average is $109.98. PPG Industries has a 12-month low of $90.24 and a 12-month high of $137.24.

PPG Industries (NYSE:PPG - Get Free Report) last released its earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.22. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.16 billion. PPG Industries had a net margin of 6.25% and a return on equity of 23.85%. The firm's quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.50 EPS. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. Equities analysts expect that PPG Industries will post 7.95 EPS for the current fiscal year.

PPG Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, August 11th were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Monday, August 11th. This is an increase from PPG Industries's previous quarterly dividend of $0.68. PPG Industries's payout ratio is currently 64.40%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Park Square Financial Group LLC purchased a new position in shares of PPG Industries during the 4th quarter worth about $26,000. Capital Advisors Ltd. LLC increased its position in PPG Industries by 127.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 223 shares of the specialty chemicals company's stock worth $25,000 after purchasing an additional 125 shares in the last quarter. Cheviot Value Management LLC acquired a new stake in PPG Industries during the 1st quarter worth approximately $26,000. Gladwyn Financial Advisors Inc. acquired a new stake in PPG Industries during the 2nd quarter worth approximately $31,000. Finally, Headlands Technologies LLC acquired a new stake in PPG Industries during the 1st quarter worth approximately $30,000. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

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.