PPG Industries (NYSE:PPG) Downgraded by Zacks Research to “Strong Sell”

Zacks Research lowered shares of PPG Industries (NYSE:PPG) from a hold rating to a strong sell rating in a research note released on Monday morning,Zacks.com reports. Zacks Research also issued estimates for PPG Industries’ Q4 2025 earnings at $1.59 EPS, Q2 2026 earnings at $2.26 EPS, Q3 2026 earnings at $2.09 EPS, Q1 2027 earnings at $1.91 EPS and Q2 2027 earnings at $2.59 EPS.

A number of other equities analysts have also commented on PPG. Bank of America dropped their price target on shares of PPG Industries from $131.00 to $129.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Wells Fargo & Company decreased their target price on PPG Industries from $132.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Citigroup reduced their price objective on PPG Industries from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PPG Industries in a report on Friday, October 31st. Finally, Mizuho cut their price target on shares of PPG Industries from $135.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $123.18.

PPG Industries Stock Performance

PPG Industries stock traded up $1.69 during midday trading on Monday, reaching $97.60. 344,374 shares of the stock traded hands, compared to its average volume of 1,993,137. PPG Industries has a fifty-two week low of $90.24 and a fifty-two week high of $130.05. The company has a current ratio of 1.47, a quick ratio of 1.04 and a debt-to-equity ratio of 0.76. The firm has a market cap of $21.90 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 2.13 and a beta of 1.19. The firm has a fifty day moving average price of $103.43 and a two-hundred day moving average price of $108.82.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.04. PPG Industries had a return on equity of 24.17% and a net margin of 6.35%.The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the previous year, the firm posted $2.13 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS. On average, equities research analysts forecast that PPG Industries will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $2.84 annualized dividend and a yield of 2.9%. PPG Industries’s dividend payout ratio (DPR) is currently 64.40%.

Institutional Investors Weigh In On PPG Industries

Institutional investors have recently modified their holdings of the business. Meridian Wealth Management LLC boosted its holdings in shares of PPG Industries by 311.2% during the 1st quarter. Meridian Wealth Management LLC now owns 7,665 shares of the specialty chemicals company’s stock worth $838,000 after buying an additional 5,801 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of PPG Industries by 10.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 494,482 shares of the specialty chemicals company’s stock worth $54,060,000 after acquiring an additional 48,177 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of PPG Industries by 3.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,734,270 shares of the specialty chemicals company’s stock valued at $298,992,000 after purchasing an additional 85,891 shares during the last quarter. Jefferies Financial Group Inc. boosted its holdings in PPG Industries by 72.5% during the first quarter. Jefferies Financial Group Inc. now owns 8,194 shares of the specialty chemicals company’s stock worth $896,000 after purchasing an additional 3,443 shares during the last quarter. Finally, Avior Wealth Management LLC increased its holdings in PPG Industries by 8,828.7% during the second quarter. Avior Wealth Management LLC now owns 8,393 shares of the specialty chemicals company’s stock worth $955,000 after buying an additional 8,299 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.

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.