PPG Industries (NYSE:PPG) Stock Price Expected to Rise, UBS Group Analyst Says

Key Points

• UBS raised its price target on PPG to $116 from $110 and maintained a "neutral" rating, while other analysts adjusted targets too — the consensus target is $122.07 and the average rating is "Hold."
• PPG beat quarterly expectations, reporting $1.83 EPS vs. $1.78 expected and $3.93B revenue vs. $3.85B, and set FY2026 guidance of $7.700–$8.100 EPS (analysts' average 7.94).
• Insider selling and institutional buying have both been notable: insiders sold 111,361 shares (~$14.4M) in the past 90 days (CFO sold 78,095 shares), while institutional investors now own 81.86% of the stock after large increases by funds like Pzena and Wellington.

PPG Industries (NYSE:PPG - Get Free Report) had its price objective upped by UBS Group from $110.00 to $116.00 in a note issued to investors on Thursday,MarketScreener reports. The firm presently has a "neutral" rating on the specialty chemicals company's stock. UBS Group's price objective indicates a potential upside of 6.26% from the company's previous close.

A number of other research firms have also recently weighed in on PPG. Citigroup raised their price target on PPG Industries from $113.00 to $114.00 and gave the company a "neutral" rating in a research note on Thursday. Weiss Ratings reiterated a "hold (c-)" rating on shares of PPG Industries in a research report on Wednesday, January 28th. BNP Paribas Exane lifted their target price on PPG Industries from $115.00 to $116.00 in a research report on Thursday. Jefferies Financial Group cut their target price on PPG Industries from $125.00 to $116.00 and set a "hold" rating on the stock in a research report on Thursday, March 26th. Finally, KeyCorp reiterated a "sector weight" rating on shares of PPG Industries in a research report on Thursday, January 29th. Six analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, PPG Industries has an average rating of "Hold" and a consensus target price of $122.07.

PPG Industries Stock Up 0.6%

PPG Industries stock traded up $0.67 during midday trading on Thursday, reaching $109.17. The company's stock had a trading volume of 55,179 shares, compared to its average volume of 2,216,957. PPG Industries has a fifty-two week low of $93.39 and a fifty-two week high of $133.43. The company has a quick ratio of 1.22, a current ratio of 1.61 and a debt-to-equity ratio of 0.82. The company has a market cap of $24.43 billion, a P/E ratio of 15.56, a P/E/G ratio of 1.45 and a beta of 1.16. The business has a 50-day simple moving average of $109.44 and a 200-day simple moving average of $107.41.

PPG Industries (NYSE:PPG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.05. PPG Industries had a return on equity of 21.90% and a net margin of 9.83%.The company had revenue of $3.93 billion for the quarter, compared to analysts' expectations of $3.85 billion. During the same period last year, the firm earned $1.72 earnings per share. PPG Industries's quarterly revenue was up 6.7% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, research analysts expect that PPG Industries will post 7.94 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Vincent J. Morales sold 78,095 shares of the business's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $131.00, for a total value of $10,230,445.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Anne M. Foulkes sold 3,594 shares of the business's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $124.61, for a total value of $447,848.34. Following the completion of the transaction, the vice president owned 15,641 shares in the company, valued at $1,949,025.01. This trade represents a 18.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 111,361 shares of company stock worth $14,387,293 in the last 90 days. 0.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PPG Industries

Several institutional investors have recently added to or reduced their stakes in PPG. Pzena Investment Management LLC increased its position in PPG Industries by 306.2% in the 4th quarter. Pzena Investment Management LLC now owns 7,098,767 shares of the specialty chemicals company's stock valued at $727,340,000 after acquiring an additional 5,351,103 shares during the period. Wellington Management Group LLP increased its position in PPG Industries by 19.9% in the 3rd quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company's stock valued at $1,593,443,000 after acquiring an additional 2,521,004 shares during the period. Franklin Resources Inc. boosted its holdings in PPG Industries by 48.9% in the 4th quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company's stock valued at $716,256,000 after purchasing an additional 2,295,118 shares in the last quarter. Norges Bank purchased a new stake in PPG Industries in the 4th quarter valued at approximately $209,355,000. Finally, Bank of Montreal Can boosted its holdings in PPG Industries by 254.9% in the 4th quarter. Bank of Montreal Can now owns 1,334,707 shares of the specialty chemicals company's stock valued at $136,754,000 after purchasing an additional 958,580 shares in the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.