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

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 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.

PPG has been the topic of several other research reports. KeyCorp cut PPG Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. StockNews.com cut PPG Industries from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Barclays reiterated an “equal weight” rating on shares of PPG Industries in a report on Monday, February 3rd. Wells Fargo & Company reduced their target price on PPG Industries from $150.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut PPG Industries from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $145.00 to $115.00 in a report on Wednesday, February 12th. Eight 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 an average rating of “Hold” and a consensus target price of $138.15.

PPG Industries Price Performance

Shares of PPG stock opened at $115.39 on Wednesday. The stock’s fifty day moving average is $116.92 and its 200-day moving average is $122.82. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58. The stock has a market capitalization of $26.19 billion, a PE ratio of 24.40, 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.

PPG Industries (NYSE:PPG) last announced its earnings results 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%. Equities research analysts expect that PPG Industries will post 7.95 EPS for the current fiscal year.

Insider Transactions at PPG Industries

In related news, CEO Timothy M. Knavish sold 4,800 shares of PPG Industries stock in a transaction that occurred 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 sale, the chief executive officer now owns 35,833 shares of the company’s stock, valued at approximately $4,240,835.55. This trade represents a 11.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PPG Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Alpha DNA Investment Management LLC raised its position in PPG Industries by 1.1% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 8,344 shares of the specialty chemicals company’s stock valued at $1,105,000 after buying an additional 92 shares during the last quarter. Mutual Advisors LLC grew its stake in PPG Industries by 3.6% in the fourth 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 in the last quarter. LRI Investments LLC grew its stake in PPG Industries by 25.3% in the fourth quarter. LRI Investments LLC now owns 456 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 92 shares in the last quarter. Groupama Asset Managment grew its stake in PPG Industries by 1.2% in the third quarter. Groupama Asset Managment now owns 7,750 shares of the specialty chemicals company’s stock valued at $1,027,000 after purchasing an additional 93 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in PPG Industries by 28.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 431 shares of the specialty chemicals company’s stock valued at $51,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

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.