PPG Industries (NYSE:PPG) Hits New 12-Month High – Should You Buy?

Shares of PPG Industries, Inc. (NYSE:PPG) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $121.54 and last traded at $120.7150, with a volume of 699151 shares. The stock had previously closed at $116.46.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Mizuho increased their target price on PPG Industries from $118.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. BNP Paribas Exane reduced their target price on shares of PPG Industries from $113.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Royal Bank Of Canada upped their price objective on shares of PPG Industries from $109.00 to $115.00 and gave the stock a “sector perform” rating in a report on Thursday, January 29th. Sanford C. Bernstein boosted their price target on PPG Industries from $123.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Jefferies Financial Group boosted their target price on PPG Industries from $115.00 to $125.00 and gave the stock a “hold” rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $123.71.

PPG Industries Stock Up 1.8%

The company’s 50 day moving average price is $105.52 and its two-hundred day moving average price is $105.46. The company has a current ratio of 1.47, a quick ratio of 1.08 and a debt-to-equity ratio of 0.74. The stock has a market cap of $26.59 billion, a P/E ratio of 17.08, a PEG ratio of 1.73 and a beta of 1.17.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.06). PPG Industries had a return on equity of 22.67% and a net margin of 9.93%.The company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the company earned $1.61 earnings per share. 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 forecast that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, February 20th. PPG Industries’s dividend payout ratio (DPR) is presently 40.92%.

Insider Transactions at PPG Industries

In other news, VP Chancey E. Hagerty sold 2,250 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $115.59, for a total transaction of $260,077.50. Following the sale, the vice president directly owned 8,477 shares of the company’s stock, valued at $979,856.43. This represents a 20.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vincent J. Morales sold 5,200 shares of the company’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $110.00, for a total transaction of $572,000.00. Following the sale, the chief financial officer directly owned 28,439 shares in the company, valued at approximately $3,128,290. The trade was a 15.46% decrease in their position. The SEC filing for this sale provides additional information. 0.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Brighton Jones LLC grew its position in PPG Industries by 9.1% in the 4th quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock valued at $487,000 after acquiring an additional 339 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in PPG Industries by 31.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company’s stock valued at $421,000 after buying an additional 920 shares in the last quarter. Empowered Funds LLC boosted its position in PPG Industries by 6.1% in the 1st quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock valued at $2,882,000 after buying an additional 1,526 shares during the period. Woodline Partners LP grew its stake in PPG Industries by 40.7% in the 1st quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock worth $2,143,000 after acquiring an additional 5,667 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of PPG Industries by 12.2% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,329 shares of the specialty chemicals company’s stock valued at $4,360,000 after acquiring an additional 4,164 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

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.