PPG Industries, Inc. (NYSE:PPG) Receives Average Rating of "Moderate Buy" from Brokerages

PPG Industries, Inc. (NYSE:PPG - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the fourteen analysts that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $138.15.

A number of research firms have issued reports on PPG. KeyCorp lowered shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, December 16th. Mizuho decreased their target price on shares of PPG Industries from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. Royal Bank of Canada decreased their target price on shares of PPG Industries from $128.00 to $120.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 4th. UBS Group decreased their target price on shares of PPG Industries from $128.00 to $126.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, StockNews.com cut shares of PPG Industries from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd.

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PPG Industries Trading Up 0.1 %

NYSE:PPG traded up $0.10 on Thursday, reaching $115.47. The stock had a trading volume of 2,170,716 shares, compared to its average volume of 1,622,129. The company has a market cap of $26.21 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 2.19 and a beta of 1.22. 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 firm's fifty day moving average is $116.82 and its two-hundred day moving average is $122.76. PPG Industries has a 12-month low of $109.15 and a 12-month high of $145.61.

PPG Industries (NYSE:PPG - Get Free Report) last released its earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by ($0.04). PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. Equities analysts expect that PPG Industries will post 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

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

Insider Buying and Selling at PPG Industries

In other PPG Industries news, CEO Timothy M. Knavish sold 4,800 shares of PPG Industries stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $118.35, for a total transaction of $568,080.00. Following the transaction, the chief executive officer now directly owns 35,833 shares of the company's stock, valued at $4,240,835.55. The trade was a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.55% of the stock is currently owned by corporate insiders.

Institutional Trading of PPG Industries

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of PPG Industries by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 29,369,691 shares of the specialty chemicals company's stock valued at $3,508,210,000 after purchasing an additional 756,937 shares during the period. State Street Corp raised its stake in shares of PPG Industries by 4.4% during the third quarter. State Street Corp now owns 11,717,499 shares of the specialty chemicals company's stock valued at $1,552,100,000 after purchasing an additional 491,774 shares during the period. Wellington Management Group LLP raised its stake in shares of PPG Industries by 17.7% during the fourth quarter. Wellington Management Group LLP now owns 10,567,051 shares of the specialty chemicals company's stock valued at $1,262,234,000 after purchasing an additional 1,590,041 shares during the period. Geode Capital Management LLC raised its stake in shares of PPG Industries by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 5,546,472 shares of the specialty chemicals company's stock valued at $660,752,000 after purchasing an additional 93,455 shares during the period. Finally, Invesco Ltd. raised its stake in shares of PPG Industries by 6.1% during the fourth quarter. Invesco Ltd. now owns 4,726,630 shares of the specialty chemicals company's stock valued at $564,596,000 after purchasing an additional 271,699 shares during the period. Hedge funds and other 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.