PPG Industries (NYSE:PPG) Rating Lowered to “Hold” at Seaport Res Ptn

PPG Industries (NYSE:PPG) was downgraded by stock analysts at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports. Seaport Res Ptn also issued estimates for PPG Industries’ Q1 2025 earnings at $1.53 EPS, Q2 2025 earnings at $2.24 EPS, Q3 2025 earnings at $2.12 EPS, FY2025 earnings at $7.71 EPS and FY2026 earnings at $8.62 EPS.

Other equities analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft decreased their target price on PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. The Goldman Sachs Group dropped their price target on PPG Industries from $153.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. UBS Group lowered their price objective on shares of PPG Industries from $128.00 to $126.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. StockNews.com cut PPG Industries from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Citigroup lowered their price target on PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $138.15.

PPG Industries Stock Up 4.5 %

NYSE PPG opened at $114.18 on Wednesday. The firm has a market capitalization of $25.91 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 2.19 and a beta of 1.22. PPG Industries has a 52 week low of $109.15 and a 52 week high of $145.61. The company has a fifty day moving average of $117.04 and a two-hundred day moving average of $122.87. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. On average, analysts predict that PPG Industries will post 7.95 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Timothy M. Knavish sold 4,800 shares of PPG Industries stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $118.35, for a total value of $568,080.00. Following the completion of the transaction, the chief executive officer now owns 35,833 shares in the company, valued at $4,240,835.55. The trade was a 11.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PPG Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new stake in shares of PPG Industries during the fourth quarter worth about $26,000. Legend Financial Advisors Inc. acquired a new position in shares of PPG Industries during the 4th quarter valued at about $27,000. Pin Oak Investment Advisors Inc. increased its stake in PPG Industries by 465.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 200 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in PPG Industries in the 3rd quarter valued at $34,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in PPG Industries during the 4th quarter valued at $36,000. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

PPG Industries Company Profile

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.