Seaport Res Ptn Downgrades PPG Industries (NYSE:PPG) to Hold

PPG Industries (NYSE:PPG) was downgraded by equities research analysts at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating in a research 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.

Several other brokerages have also recently weighed in on PPG. Barclays reaffirmed an “equal weight” rating on shares of PPG Industries in a report on Monday, February 3rd. StockNews.com lowered shares of PPG Industries from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Citigroup decreased their target price on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Finally, Royal Bank of Canada lowered their target price on PPG Industries from $128.00 to $120.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 4th. 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 stock presently has a consensus rating of “Hold” and an average target price of $138.15.

PPG Industries Stock Up 4.5 %

Shares of PPG opened at $114.18 on Wednesday. The stock has a market cap of $25.91 billion, a price-to-earnings ratio of 24.14, a P/E/G ratio of 2.19 and a beta of 1.22. PPG Industries has a 12 month low of $109.15 and a 12 month high of $145.61. The company has a 50-day moving average price of $117.04 and a two-hundred day moving average price 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 posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share 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%. Equities analysts predict that PPG Industries will post 7.95 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 transaction of $568,080.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PPG Industries

Large investors have recently made changes to their positions in the company. Alpha DNA Investment Management LLC lifted its stake in shares of PPG Industries by 1.1% in the third quarter. Alpha DNA Investment Management LLC now owns 8,344 shares of the specialty chemicals company’s stock worth $1,105,000 after buying an additional 92 shares during the last quarter. Mutual Advisors LLC boosted its stake in shares of PPG Industries by 3.6% in the 4th quarter. Mutual Advisors LLC now owns 2,666 shares of the specialty chemicals company’s stock valued at $319,000 after purchasing an additional 92 shares during the last quarter. LRI Investments LLC boosted its holdings in PPG Industries by 25.3% during the fourth quarter. LRI Investments LLC now owns 456 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 92 shares during the last quarter. Groupama Asset Managment raised its stake in PPG Industries by 1.2% during the 3rd quarter. Groupama Asset Managment now owns 7,750 shares of the specialty chemicals company’s stock worth $1,027,000 after buying an additional 93 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of PPG Industries by 28.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 431 shares of the specialty chemicals company’s stock worth $51,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

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.