EQTY's Underlying Holdings Could Mean 10% Gain Potential
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 24 2025
0mins
Source: NASDAQ.COM
Kovitz Core Equity ETF Analysis: The Kovitz Core Equity ETF (EQTY) has an implied analyst target price of $28.13 per unit, indicating a potential upside of 10.10% from its current trading price of $25.55.
Notable Holdings and Analyst Targets: Key holdings like Fiserv Inc, Analog Devices Inc, and PPG Industries Inc show significant upside potential based on analyst targets, raising questions about the accuracy and optimism of these projections.
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Analyst Views on PPG
Wall Street analysts forecast PPG stock price to rise
13 Analyst Rating
6 Buy
7 Hold
0 Sell
Moderate Buy
Current: 112.970
Low
109.00
Averages
116.92
High
130.00
Current: 112.970
Low
109.00
Averages
116.92
High
130.00
About PPG
PPG Industries, Inc. manufactures and distributes a broad range of paints, coatings and specialty products. Its segments include Global Architectural Coatings, Performance Coatings and Industrial Coatings. The Global Architectural Coatings segment consists of architectural coatings EMEA and architectural coatings Latin America and Asia Pacific operating segments. This segment primarily supplies paints, wood stains, adhesives, sealants and purchased sundries. The Performance Coatings segment consists of automotive refinish coatings, aerospace coatings, protective and marine coatings and traffic solutions operating segments. This segment primarily supplies a variety of coatings, solvents, adhesives, sealants, foams and finishes, along with pavement marking products, transparencies and paint films. The Industrial Coatings segment supplies a variety of protective and decorative coatings and finishes along with adhesives, sealants, metal pretreatment products, and other specialty products.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Aerospace Outlook: PPG Industries is perceived to have limited risk to its growth prospects in the aerospace sector, indicating a stable market position despite the soft macroeconomic environment.
- Macro Economic Impact: While the aerospace outlook remains positive, the soft economic conditions could exert pressure on PPG's overall performance, necessitating close attention to market demand fluctuations and their potential financial implications.
- Market Resilience: PPG's adaptability in the aerospace market demonstrates its resilience in the face of economic volatility, potentially maintaining a competitive edge through innovation and technological advancements.
- Future Monitoring: The company must continue to monitor macroeconomic indicators to timely adjust its strategies, ensuring sustained growth momentum in the aerospace sector while addressing potential challenges.
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- Enhanced Customer Value: PPG's Aerospace division offers a wide range of specialized products and services aimed at creating differentiated customer value for commercial, military, and general aviation clients, thereby enhancing its competitive position in the market.
- Innovation as Strategic Advantage: By delivering technology-advantaged solutions through advanced chemistries and application transformations, PPG enhances operational efficiency for customers, further solidifying its leadership in the industry.
- Long-Term Growth Investment: PPG is strategically investing in innovation and capacity expansion to capture strong multi-year demand in the aerospace sector, ensuring sustainable growth for the future.
- Innovative Product Highlights: PPG's introduction of PRC® Seal Caps, ARETM 3D Printed Sealants, and AEROCRON® Electrocoat Primer significantly boosts productivity and precision for aircraft manufacturers, addressing the industry's need for efficiency and waste reduction.
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- Leadership Recognition: PPG's Senior Vice President Alisha Bellezza has been nominated for Leader of the Year by the Women Automotive Network, highlighting her leadership and impact in the global automotive industry, which enhances the company's image in diversity and inclusion.
- Industry Influence: Bellezza's contributions in automotive and packaging coatings have been widely recognized, driving PPG's business growth while setting an example for women's career development in the automotive sector, thus promoting gender balance within the industry.
- Global Perspective: As PPG's Senior Vice President, Bellezza's leadership style and strategic decisions have positively influenced the company on a global scale, helping maintain its competitive edge in a fiercely competitive market.
- Future Outlook: This nomination not only recognizes Bellezza's personal achievements but also reflects PPG's commitment to female leadership, which may further drive the company's strategic development in diversity and inclusion.
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- Sustainable Product Sales: PPG reported that sales from sustainably advantaged products accounted for 43% of total revenue in 2025, indicating strong performance in the eco-friendly product market and alignment with increasing customer and regulatory demands.
- Greenhouse Gas Reduction: The company revealed a 25% reduction in scope 1 and scope 2 greenhouse gas emissions from a 2019 baseline, primarily driven by energy efficiency measures and renewable electricity sourcing, showcasing its proactive approach to emissions reduction.
- Water Resource Management: PPG achieved a 29% decline in water intensity at priority sites in water-stressed regions, exceeding its 2030 target, which highlights effective strategies in water management and enhances its competitive edge in sustainability.
- Community Investment: In 2025, PPG invested $18.1 million in communities and committed an additional $15 million to extend its Colorful Communities program through 2035, reflecting the company's commitment to social responsibility and long-term growth strategy.
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- New Product Launch: PPG has introduced the Selemix 7-140 2K high-solids acrylic topcoat in Europe, the Middle East, and Africa, targeting sectors such as construction equipment and agricultural machinery, thereby strengthening its position in the industrial coatings market.
- Durability and Flexibility: This coating is designed to resist corrosion, chemicals, humidity, and UV exposure, and is compatible with PPG's epoxy and polyurethane primer systems, meeting diverse production environment needs and enhancing equipment lifespan while reducing maintenance costs.
- Market Demand Reflection: The product launch reflects ongoing demand for industrial coatings that extend equipment life and reduce maintenance needs, indicating PPG's strategic focus on higher-value specialty coatings markets, particularly in heavy equipment and infrastructure applications.
- Certification Standards: The new coating has been certified to C5M performance standards under ISO 12944-6 testing, suitable for high-corrosion environments, including industrial and marine settings, further enhancing PPG's competitiveness in harsh operating conditions.
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- Impressive Earnings: DuPont reported revenue of $1.68 billion for the quarter ending in March, a 4% increase year-over-year, surpassing the market expectation of $1.67 billion, demonstrating the company's resilience amid disruptions from the Iran conflict.
- Profitability Boost: Adjusted earnings per share reached 55 cents, exceeding the 48-cent consensus and reflecting a remarkable 53% year-over-year increase, showcasing the company's effective strategies in cost control and price increases.
- Positive Market Reaction: Following the earnings report, DuPont's stock surged 9% to over $49, indicating investor confidence in the company's growth potential, particularly in its healthcare and water treatment sectors.
- Optimistic Outlook: DuPont raised its full-year organic sales growth forecast to 4% and expects second-quarter net sales of $1.8 billion, indicating the company's ability to maintain stable growth despite rising input costs.
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