Royal Bank Of Canada Cuts PPG Industries (NYSE:PPG) Price Target to $114.00

22 Mar 2026, 02:48 by Renee Jackson · The Cerbat Gem

PPG Industries (NYSE:PPG – Free Report) had its target price cut by Royal Bank Of Canada from $115.00 to $114.00 in a report published on Thursday morning,Benzinga reports. They currently have a sector perform rating on the specialty chemicals company’s stock.

Other research analysts have also issued research reports about the stock. KeyCorp reiterated a “sector weight” rating on shares of PPG Industries in a research note on Thursday, January 29th. Evercore lifted their price target on shares of PPG Industries from $112.00 to $128.00 in a report on Wednesday, February 18th. BNP Paribas Exane reduced their price target on PPG Industries from $113.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. The Goldman Sachs Group increased their price objective on PPG Industries from $118.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Zacks Research raised PPG Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $125.86.

Check Out Our Latest Stock Analysis on PPG

PPG Industries Price Performance

Shares of PPG stock opened at $97.12 on Thursday. The stock’s 50-day moving average is $115.85 and its 200 day moving average is $107.14. PPG Industries has a 1-year low of $90.24 and a 1-year high of $133.43. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.62 and a quick ratio of 1.22. The company has a market cap of $21.73 billion, a P/E ratio of 13.99, a PEG ratio of 1.46 and a beta of 1.15.

PPG Industries (NYSE:PPG – Get Free Report) last released its quarterly earnings results 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 net margin of 9.93% and a return on equity of 22.30%. The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the company posted $1.61 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Research analysts predict that PPG Industries will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Friday, February 20th were given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, February 20th. PPG Industries’s payout ratio is currently 40.92%.

Insider Buying and Selling at PPG Industries

In other PPG Industries news, VP Anne M. Foulkes sold 3,594 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $124.61, for a total transaction of $447,848.34. Following the transaction, the vice president owned 15,641 shares in the company, valued at approximately $1,949,025.01. This represents a 18.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Vincent J. Morales sold 78,095 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $131.00, for a total transaction of $10,230,445.00. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 118,811 shares of company stock worth $15,219,371. 0.33% of the stock is owned by corporate insiders.

Institutional Trading of PPG Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. increased its holdings in shares of PPG Industries by 29.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 17,689 shares of the specialty chemicals company’s stock valued at $1,813,000 after purchasing an additional 4,076 shares during the period. Advisortrust Partners LLC acquired a new stake in shares of PPG Industries during the fourth quarter worth about $378,000. Pacer Advisors Inc. lifted its holdings in shares of PPG Industries by 21.7% during the fourth quarter. Pacer Advisors Inc. now owns 21,924 shares of the specialty chemicals company’s stock worth $2,246,000 after purchasing an additional 3,910 shares during the period. Kera Capital Partners Inc. boosted its position in PPG Industries by 17.9% in the fourth quarter. Kera Capital Partners Inc. now owns 2,449 shares of the specialty chemicals company’s stock valued at $251,000 after buying an additional 371 shares during the last quarter. Finally, Cambient Family Office LLC acquired a new position in PPG Industries in the 4th quarter worth approximately $410,000. 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.