Key Points
- CFO Vincent Morales sold 78,095 shares on Feb. 13 at an average price of $131, totaling $10,230,445, according to an SEC filing.
- PPG reported quarterly EPS of $1.51 (missing the $1.57 estimate) while revenue beat at $3.91B, and gave FY2026 guidance of $7.70–$8.10 EPS versus analysts' consensus of 7.95.
- The company declared a quarterly dividend of $0.71 (annualized $2.84) for a 2.2% yield, with an ex-dividend date of Feb. 20 and payment on Mar. 12.
PPG Industries, Inc. (NYSE:PPG - Get Free Report) CFO Vincent Morales sold 78,095 shares of the firm's stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $131.00, for a total transaction of $10,230,445.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
PPG Industries Stock Down 0.7%
PPG stock opened at $128.24 on Thursday. The company has a market capitalization of $28.78 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 1.94 and a beta of 1.16. PPG Industries, Inc. has a 12 month low of $90.24 and a 12 month high of $133.43. The firm's fifty day simple moving average is $112.17 and its 200-day simple moving average is $106.82. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.08.
PPG Industries (NYSE:PPG - Get Free Report) last issued its 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). The business had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.77 billion. PPG Industries had a return on equity of 22.67% and a net margin of 9.93%.The company's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the business earned $1.61 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities research analysts forecast that PPG Industries, Inc. will post 7.95 earnings per share for the current year.
PPG Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, February 20th. PPG Industries's payout ratio is 40.92%.
Analyst Ratings Changes
Several research analysts recently weighed in on PPG shares. Evercore reduced their price target on PPG Industries from $145.00 to $112.00 and set an "in-line" rating for the company in a research report on Tuesday, November 11th. Mizuho raised their price objective on shares of PPG Industries from $125.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, February 12th. Jefferies Financial Group lifted their target price on shares of PPG Industries from $115.00 to $125.00 and gave the company a "hold" rating in a report on Thursday, January 29th. Royal Bank Of Canada boosted their target price on shares of PPG Industries from $109.00 to $115.00 and gave the company a "sector perform" rating in a research note on Thursday, January 29th. Finally, Sanford C. Bernstein raised their price target on shares of PPG Industries from $123.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $124.79.
Get Our Latest Research Report on PPG
Institutional Investors Weigh In On PPG Industries
A number of institutional investors have recently added to or reduced their stakes in PPG. Steigerwald Gordon & Koch Inc. acquired a new position in PPG Industries during the third quarter worth $26,000. Dorato Capital Management acquired a new stake in shares of PPG Industries in the fourth quarter valued at about $26,000. Resources Management Corp CT ADV increased its stake in shares of 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 purchasing an additional 225 shares in the last quarter. Quarry LP acquired a new position in shares of PPG Industries during the 3rd quarter worth about $26,000. Finally, Root Financial Partners LLC purchased a new position in PPG Industries in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 81.86% of the company's stock.
PPG Industries Company Profile
(
Get Free Report)
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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