PPG Industries (NYSE:PPG) Downgraded to Hold Rating by Seaport Res Ptn

Seaport Res Ptn lowered shares of PPG Industries (NYSE:PPG) from a strong-buy rating to a hold rating in a research report sent 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 also recently issued research reports about the stock. JPMorgan Chase & Co. downgraded shares of PPG Industries from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $145.00 to $115.00 in a research note on Wednesday, February 12th. The Goldman Sachs Group decreased their target price on shares of PPG Industries from $153.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Citigroup decreased their target price on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, Barclays reissued an “equal weight” rating on shares of PPG Industries in a research report on Monday, February 3rd. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $138.15.

PPG Industries Stock Performance

PPG Industries stock opened at $114.18 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. PPG Industries has a 1-year low of $109.15 and a 1-year high of $145.61. The firm has a 50-day moving average of $117.04 and a 200-day moving average of $122.87. The firm has a market cap of $25.91 billion, a P/E ratio of 24.14, a P/E/G ratio of 2.19 and a beta of 1.22.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.04). PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. Sell-side analysts expect that PPG Industries will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st will be paid a $0.68 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.72 annualized dividend and a dividend yield of 2.38%. PPG Industries’s dividend payout ratio (DPR) is 57.51%.

Insider Transactions at PPG Industries

In other news, CEO Timothy M. Knavish sold 4,800 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 35,833 shares in the company, valued at $4,240,835.55. This represents a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PPG Industries

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

About PPG Industries

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.