Seaport Res Ptn Lifts Earnings Estimates for PPG Industries

PPG Industries, Inc. (NYSE:PPG) – Research analysts at Seaport Res Ptn upped their Q2 2025 earnings per share estimates for shares of PPG Industries in a research note issued to investors on Wednesday, October 16th. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will post earnings of $2.75 per share for the quarter, up from their prior estimate of $2.74. The consensus estimate for PPG Industries’ current full-year earnings is $8.24 per share.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Wednesday, October 16th. The specialty chemicals company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.02). PPG Industries had a net margin of 7.98% and a return on equity of 23.57%. The company had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.66 billion. During the same period last year, the company posted $2.07 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year.

Several other research firms have also recently issued reports on PPG. Citigroup cut their target price on PPG Industries from $145.00 to $144.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Bank of America cut their price objective on PPG Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. KeyCorp decreased their target price on PPG Industries from $162.00 to $153.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Mizuho cut their price target on shares of PPG Industries from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, BMO Capital Markets set a $160.00 price objective on shares of PPG Industries in a research report on Thursday. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $150.50.

PPG Industries Price Performance

Shares of PPG Industries stock opened at $130.93 on Monday. The firm has a market cap of $30.55 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 1.73 and a beta of 1.26. The company’s fifty day simple moving average is $127.21 and its two-hundred day simple moving average is $129.01. The company has a quick ratio of 1.05, a current ratio of 1.49 and a debt-to-equity ratio of 0.73. PPG Industries has a 12-month low of $118.07 and a 12-month high of $151.16.

PPG Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 12th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Tuesday, November 12th. PPG Industries’s dividend payout ratio is presently 44.59%.

Institutional Trading of PPG Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Financial Connections Group Inc. bought a new stake in shares of PPG Industries during the second quarter valued at approximately $25,000. Riverview Trust Co purchased a new position in shares of PPG Industries in the first quarter worth $34,000. Rothschild Investment LLC purchased a new position in shares of PPG Industries in the second quarter worth $37,000. LRI Investments LLC boosted its position in shares of PPG Industries by 463.8% during the second quarter. LRI Investments LLC now owns 389 shares of the specialty chemicals company’s stock valued at $49,000 after buying an additional 320 shares during the last quarter. Finally, Slocum Gordon & Co LLP increased its holdings in PPG Industries by 51.7% in the 2nd quarter. Slocum Gordon & Co LLP now owns 455 shares of the specialty chemicals company’s stock worth $57,000 after buying an additional 155 shares in the last quarter. 81.86% of the stock is currently owned by 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.