PPG Industries' stock position has seen a significant decrease with companies like M&T Bank Corp, Victory Capital Management, and US Bancorp DE decreasing their holdings. Seaport Global and Zacks Research have further downgraded PPG Industries and cut earnings estimates as the company missed the fourth-quarter profit and full-year 2024 financial results. PPG Industries' Coraflon Platinum powder coating exhibited superior color retention than competitor products. Their 2025 color of the year highlighted the automotive industry, and further, PPG was recognized as the eco-friendly manufacturer on Barron’s 100 Most Sustainable U.S. Companies list. However, the company faced considerable challenges. Amid market challenges, PPG stock reached a 52-week low at $110.17, and there was a comprehensive plan to lay off 1,800 workers to cut costs. PPG completed the sale of its architectural coatings business in the U.S. and Canada to American Industrial Partners and its silicas products business to Qemtica. PPG Industries recorded 85% institutional ownership, making it a favorite amongst big financial firms. However, its overall performance and market outlook has sparked a bearish sentiment among investors and analysts.
Ppg Industries PPG News Analytics from Mon, 23 Sep 2024 07:00:00 GMT to Sat, 08 Mar 2025 13:02:46 GMT -
Rating -8
- Innovation -5
- Information -2
- Rumor -7
