Seaport Res Ptn Raises Earnings Estimates for PPG Industries

PPG Industries, Inc. (NYSE:PPG - Free Report) - Equities researchers at Seaport Res Ptn lifted their Q1 2025 earnings per share estimates for shares of PPG Industries in a report released on Monday, April 21st. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will post earnings of $1.56 per share for the quarter, up from their previous forecast of $1.53. Seaport Res Ptn currently has a "Hold" rating on the stock. The consensus estimate for PPG Industries' current full-year earnings is $7.95 per share. Seaport Res Ptn also issued estimates for PPG Industries' Q2 2025 earnings at $2.27 EPS, Q3 2025 earnings at $2.13 EPS, Q4 2025 earnings at $1.83 EPS, FY2025 earnings at $7.79 EPS and FY2026 earnings at $8.69 EPS.

PPG Industries (NYSE:PPG - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.04). PPG Industries had a net margin of 6.41% and a return on equity of 23.78%.

Several other research analysts have also recently weighed in on PPG. The Goldman Sachs Group decreased their price objective on shares of PPG Industries from $153.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, February 6th. StockNews.com cut PPG Industries from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Citigroup lowered their target price on PPG Industries from $135.00 to $113.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Argus lowered shares of PPG Industries from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Finally, Bank of America restated a "neutral" rating and issued a $126.00 price objective (down from $143.00) on shares of PPG Industries in a research note on Tuesday, April 15th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $130.67.

PPG Industries Stock Performance

Shares of PPG Industries stock traded up $1.01 during trading on Thursday, hitting $103.97. 595,525 shares of the company's stock traded hands, compared to its average volume of 2,246,029. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13. The stock has a market capitalization of $23.60 billion, a P/E ratio of 21.98, a PEG ratio of 2.19 and a beta of 1.16. The business has a 50-day simple moving average of $107.54 and a 200-day simple moving average of $116.80. PPG Industries has a 1 year low of $90.24 and a 1 year high of $137.24.

PPG Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, May 12th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Monday, May 12th. PPG Industries's payout ratio is currently 57.51%.

Insider Transactions at PPG Industries

In other PPG Industries news, CEO Timothy M. Knavish sold 4,800 shares of the business's stock in a transaction on Friday, February 14th. The shares were 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 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 through the SEC website. Insiders own 0.33% of the company's stock.

Institutional Investors Weigh In On PPG Industries

A number of hedge funds have recently made changes to their positions in PPG. Park Square Financial Group LLC purchased a new stake in shares of PPG Industries during the 4th quarter worth approximately $26,000. Legend Financial Advisors Inc. purchased a new stake in PPG Industries during the fourth quarter valued at $27,000. CVA Family Office LLC lifted its position in PPG Industries by 70.6% during the first quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company's stock valued at $30,000 after purchasing an additional 113 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new position in shares of PPG Industries in the 4th quarter worth $36,000. Finally, Albion Financial Group UT purchased a new position in shares of PPG Industries in the 4th quarter worth $38,000. 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.