Q2 EPS Estimates for PPG Industries Cut by Zacks Research

PPG Industries, Inc. (NYSE:PPG - Free Report) - Stock analysts at Zacks Research cut their Q2 2026 earnings per share (EPS) estimates for shares of PPG Industries in a report released on Thursday, March 6th. Zacks Research analyst R. Department now expects that the specialty chemicals company will post earnings per share of $2.73 for the quarter, down from their prior forecast of $2.77. The consensus estimate for PPG Industries' current full-year earnings is $7.95 per share.

Other equities analysts have also issued research reports about the company. Citigroup reduced their target price on PPG Industries from $150.00 to $145.00 and set a "buy" rating for the company in a research note on Wednesday, December 18th. The Goldman Sachs Group reduced their target price on PPG Industries from $153.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Seaport Res Ptn lowered PPG Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. UBS Group reduced their target price on PPG Industries from $128.00 to $126.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Finally, Barclays restated an "equal weight" rating on shares of PPG Industries in a research note on Monday, February 3rd. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $138.15.

PPG Industries Stock Up 0.1 %

PPG Industries stock opened at $115.47 on Monday. 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 $26.21 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 2.19 and a beta of 1.22. PPG Industries has a 1-year low of $109.15 and a 1-year high of $145.61. The business has a fifty day moving average price of $116.82 and a 200-day moving average price of $122.75.

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

Hedge Funds Weigh In On PPG Industries

Institutional investors and hedge funds have recently modified their holdings of the business. Park Square Financial Group LLC acquired a new stake in PPG Industries in the 4th quarter worth about $26,000. Legend Financial Advisors Inc. acquired a new stake in PPG Industries in the 4th quarter worth about $27,000. Pin Oak Investment Advisors Inc. boosted its holdings in PPG Industries by 465.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company's stock worth $32,000 after buying an additional 200 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in PPG Industries in the 3rd quarter worth about $34,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in PPG Industries in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 81.86% of the company's stock.

Insider Activity at PPG Industries

In related news, CEO Timothy M. Knavish sold 4,800 shares of PPG Industries stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $118.35, for a total value of $568,080.00. Following the completion of the transaction, 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 at the SEC website. 0.55% of the stock is owned by company insiders.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 21st will be paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.72 annualized dividend and a dividend yield of 2.36%. PPG Industries's dividend payout ratio is presently 57.51%.

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.

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