Shares of PPG Industries, Inc. (NYSE:PPG - Get Free Report) have earned an average rating of "Hold" from the fifteen ratings firms that are covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $138.15.
PPG has been the subject of a number of research reports. The Goldman Sachs Group decreased their target price on shares of PPG Industries from $153.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. StockNews.com downgraded PPG Industries from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Barclays reiterated an "equal weight" rating on shares of PPG Industries in a report on Monday, February 3rd. Seaport Res Ptn downgraded shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, Royal Bank of Canada dropped their price objective on PPG Industries from $128.00 to $120.00 and set a "sector perform" rating on the stock in a research note on Tuesday, February 4th.
Check Out Our Latest Analysis on PPG
PPG Industries Trading Down 0.0 %
NYSE PPG traded down $0.01 on Monday, hitting $108.94. 2,440,220 shares of the stock were exchanged, compared to its average volume of 1,735,166. The company's 50-day moving average price is $114.86 and its two-hundred day moving average price is $120.92. The company has a market capitalization of $24.73 billion, a price-to-earnings ratio of 23.03, a P/E/G ratio of 2.19 and a beta of 1.22. PPG Industries has a 52-week low of $105.64 and a 52-week high of $143.98. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13.
PPG Industries (NYSE:PPG - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.04). PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. Research analysts predict that PPG Industries will post 7.95 EPS for the current year.
PPG Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 21st were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.50%. The ex-dividend date was Friday, February 21st. PPG Industries's dividend payout ratio (DPR) is presently 57.51%.
Insider Buying and Selling at PPG Industries
In other news, CEO Timothy M. Knavish sold 4,800 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $118.35, for a total value of $568,080.00. Following the transaction, the chief executive officer now owns 35,833 shares of the company's stock, valued at $4,240,835.55. This represents a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.33% of the company's stock.
Institutional Investors Weigh In On PPG Industries
Several large investors have recently bought and sold shares of PPG. PUREfi Wealth LLC bought a new position in PPG Industries during the fourth quarter worth about $279,000. PFW Advisors LLC acquired a new position in shares of PPG Industries in the fourth quarter valued at approximately $868,000. JGP Wealth Management LLC acquired a new stake in shares of PPG Industries in the 4th quarter valued at about $4,050,000. Vanguard Group Inc. boosted its stake in shares of PPG Industries by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 29,369,691 shares of the specialty chemicals company's stock worth $3,508,210,000 after buying an additional 756,937 shares during the last quarter. Finally, Avanza Fonder AB bought a new position in shares of PPG Industries in the 4th quarter valued at about $2,944,000. Institutional investors own 81.86% of the company's stock.
About PPG Industries
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Get Free ReportPPG 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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