Seaport Res Ptn Lifts Earnings Estimates for PPG Industries

PPG Industries, Inc. (NYSE:PPG - Free Report) - Seaport Res Ptn increased their Q2 2025 earnings per share estimates for PPG Industries in a report released 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 forecast of $2.74. The consensus estimate for PPG Industries' current full-year earnings is $8.24 per share.

PPG Industries (NYSE:PPG - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The specialty chemicals company reported $2.13 EPS for the quarter, missing analysts' consensus estimates of $2.15 by ($0.02). PPG Industries had a return on equity of 23.57% and a net margin of 7.98%. The firm had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same quarter in the prior year, the business posted $2.07 EPS. PPG Industries's revenue was down 1.5% compared to the same quarter last year.

PPG has been the topic of several other reports. JPMorgan Chase & Co. decreased their target price on shares of PPG Industries from $155.00 to $145.00 and set an "overweight" rating on the stock in a research report on Friday. BMO Capital Markets reaffirmed an "outperform" rating and set a $155.00 price objective (down from $160.00) on shares of PPG Industries in a report on Monday. Royal Bank of Canada dropped their target price on PPG Industries from $140.00 to $139.00 and set a "sector perform" rating for the company in a report on Tuesday, July 23rd. UBS Group boosted their price target on PPG Industries from $140.00 to $142.00 and gave the company a "neutral" rating in a research note on Friday, July 19th. Finally, Bank of America dropped their price objective on PPG Industries from $152.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, July 22nd. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, PPG Industries has a consensus rating of "Moderate Buy" and a consensus price target of $150.14.

PPG Industries Stock Performance

PPG stock traded down $2.11 during midday trading on Monday, hitting $128.83. The stock had a trading volume of 1,291,681 shares, compared to its average volume of 1,600,070. PPG Industries has a 52 week low of $118.07 and a 52 week high of $151.16. The firm has a market capitalization of $30.21 billion, a price-to-earnings ratio of 21.76, a P/E/G ratio of 1.73 and a beta of 1.26. The company has a current ratio of 1.49, a quick ratio of 1.05 and a debt-to-equity ratio of 0.73. The stock has a 50-day simple moving average of $127.21 and a 200 day simple moving average of $129.01.

Hedge Funds Weigh In On PPG Industries

Several large investors have recently made changes to their positions in PPG. Financial Connections Group Inc. acquired a new position in PPG Industries in the second quarter valued at approximately $25,000. Riverview Trust Co acquired a new position in PPG Industries in the first quarter valued at about $34,000. Rothschild Investment LLC acquired a new position in shares of PPG Industries during the 2nd quarter worth about $37,000. LRI Investments LLC increased its stake in shares of PPG Industries by 463.8% in the 2nd quarter. LRI Investments LLC now owns 389 shares of the specialty chemicals company's stock valued at $49,000 after acquiring an additional 320 shares during the last quarter. Finally, Slocum Gordon & Co LLP raised its position in shares of PPG Industries by 51.7% in the 2nd quarter. Slocum Gordon & Co LLP now owns 455 shares of the specialty chemicals company's stock valued at $57,000 after acquiring an additional 155 shares during the period. Institutional investors and hedge funds own 81.86% of the company's stock.

PPG Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th will be given a $0.68 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $2.72 dividend on an annualized basis and a yield of 2.11%. PPG Industries's payout ratio is 45.95%.

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.