PPG Industries, Inc. (NYSE:PPG) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of PPG Industries, Inc. (NYSE:PPG - Get Free Report) have received an average rating of "Moderate Buy" from the seventeen research firms that are currently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $149.29.

PPG has been the subject of several recent research reports. Mizuho reduced their price target on PPG Industries from $160.00 to $150.00 and set an "outperform" rating for the company in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of PPG Industries from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Thursday. BMO Capital Markets reaffirmed an "outperform" rating and set a $155.00 price target (down from $160.00) on shares of PPG Industries in a research report on Monday, October 21st. JPMorgan Chase & Co. cut their price objective on shares of PPG Industries from $155.00 to $145.00 and set an "overweight" rating for the company in a report on Friday, October 18th. Finally, Royal Bank of Canada lowered their target price on shares of PPG Industries from $138.00 to $136.00 and set a "sector perform" rating on the stock in a report on Tuesday, October 22nd.

PPG Industries Stock Performance

PPG stock traded up $0.69 during midday trading on Friday, reaching $120.21. 3,868,638 shares of the company were exchanged, compared to its average volume of 1,639,779. The firm has a market capitalization of $27.89 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24. The business has a 50-day moving average price of $124.99 and a two-hundred day moving average price of $126.25. PPG Industries has a one year low of $118.07 and a one year high of $150.82. 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 announced its quarterly earnings results on Wednesday, October 16th. The specialty chemicals company reported $2.13 EPS for the quarter, missing analysts' consensus estimates of $2.15 by ($0.02). PPG Industries had a net margin of 8.24% and a return on equity of 23.63%. The company had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.66 billion. During the same quarter last year, the company posted $2.07 EPS. The firm's quarterly revenue was down 1.5% on a year-over-year basis. Equities research analysts forecast that PPG Industries will post 8.18 EPS for the current year.

PPG Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, November 12th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Tuesday, November 12th. PPG Industries's dividend payout ratio is 43.11%.

Insider Buying and Selling at PPG Industries

In other PPG Industries news, VP Anne M. Foulkes sold 1,985 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $125.80, for a total value of $249,713.00. Following the completion of the transaction, the vice president now directly owns 13,454 shares in the company, valued at approximately $1,692,513.20. This trade represents a 12.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.55% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings in PPG Industries by 5.7% during the 3rd quarter. Franklin Resources Inc. now owns 3,136,570 shares of the specialty chemicals company's stock worth $403,049,000 after acquiring an additional 170,339 shares during the last quarter. Tidal Investments LLC grew its stake in shares of PPG Industries by 1.2% in the third quarter. Tidal Investments LLC now owns 13,306 shares of the specialty chemicals company's stock worth $1,763,000 after purchasing an additional 162 shares during the last quarter. Wilmington Savings Fund Society FSB increased its holdings in PPG Industries by 69.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 54,004 shares of the specialty chemicals company's stock valued at $7,153,000 after purchasing an additional 22,198 shares during the period. Toronto Dominion Bank raised its position in PPG Industries by 5.3% during the 3rd quarter. Toronto Dominion Bank now owns 134,028 shares of the specialty chemicals company's stock worth $17,753,000 after purchasing an additional 6,756 shares during the last quarter. Finally, Barclays PLC lifted its holdings in PPG Industries by 21.0% during the 3rd quarter. Barclays PLC now owns 1,142,045 shares of the specialty chemicals company's stock worth $151,276,000 after buying an additional 198,353 shares during the period. Institutional investors and hedge funds own 81.86% of the company's stock.

PPG Industries Company Profile

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.