BMO Capital Reiterates Buy Rating on PPG Industries
BMO Capital maintains its buy rating for PPG Industries with a $140 price target.
Key Points
- BMO Capital reiterated its buy rating on PPG Industries, setting a price target of $140 as of June 15, 2026.
- PPG Industries shares traded at $119.34 with a market cap of $26.6 billion, a P/E ratio of 17.1, and a forward P/E of 13.8.
- Insiders, including CEO Timothy Knavish, purchased shares in May 2026, while major funds like BlackRock and Vanguard adjusted their holdings.
BMO Capital reiterated its buy rating on PPG Industries, Inc. (NYSE:PPG) on June 15, 2026, maintaining a price target of $140. The analyst, John McNulty, continues to see potential upside for the specialty chemicals company.
PPG Industries Stock Snapshot
Shares of NYSE:PPG traded at $119.34. PPG Industries has a market cap of approximately $26.6 billion, with a P/E ratio of 17.1 and a forward P/E of 13.8. The stock's beta is 1.062, indicating moderate volatility compared to the market. Over the past year, the stock has ranged between $93.39 and $133.43, with a 50-day moving average of $109.51 and a 200-day moving average of $107.67.
Recent Earnings
PPG Industries reported revenue of $16.1 billion, reflecting a growth rate of 6.7%. The company achieved a net margin of 9.8% and a return on equity of 20.7%. Earnings per share stood at $6.98. The next earnings report is scheduled for July 28, 2026.
Dividend
PPG Industries offers an annual dividend rate of $2.84, translating to a yield of 2.38%. The company's dividend payout ratio is 40.26%.
Insider Buying and Selling at PPG Industries, Inc.
In May 2026, several insiders at PPG Industries, including CEO Timothy Knavish, purchased shares. On May 29, Knavish bought 18 shares at $112.98 each. Earlier, on May 15, he acquired 43 shares at $102.64. Senior Vice Presidents Kevin Braun and Juliane Hefel also made purchases on both dates.
Analysts Set New Price Targets
On June 15, 2026, BMO Capital maintained its buy rating on PPG Industries with a price target of $140. Other analysts have varied views: Citigroup maintained a hold rating with a $114 target on April 30, while Wells Fargo kept a buy rating with a $130 target on April 10. The consensus among 20 analysts is a buy, with a mean price target of $123.
About PPG Industries
PPG Industries, Inc., headquartered in Pittsburgh, Pennsylvania, is a major player in the specialty chemicals sector. The company produces and distributes paints, coatings, and specialty materials globally. Its operations are divided into Global Architectural Coatings, Performance Coatings, and Industrial Coatings segments. Under the leadership of CEO Timothy M. Knavish, PPG serves a diverse customer base through various retail and direct channels, employing around 43,500 people worldwide.
Bottom Line
BMO Capital's reaffirmation of a buy rating and a $140 price target indicates confidence in PPG Industries' future prospects. Investors closely watch such analyst ratings as they provide insight into potential stock performance. It's important to remember that analyst opinions and 13F filings are backward-looking and may not reflect current conditions.
See Also
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