Representative Julie Johnson (D-Texas) recently sold shares of PPG Industries, Inc. NYSE: PPG. In a filing disclosed on February 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in PPG Industries stock on January 27th. The trade occurred in the Representative's "CHASE BROKERAGE ACCOUNT (3935)" account.
Representative Julie Johnson also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Dell Technologies NYSE: DELL on 1/28/2025.
- Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 1/28/2025.
- Sold $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 1/28/2025.
- Sold $1,001 - $15,000 in shares of ALLETE NYSE: ALE on 1/28/2025.
- Purchased $1,001 - $15,000 in shares of Progressive NYSE: PGR on 1/24/2025.
- Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 1/24/2025.
- Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 1/24/2025.
- Sold $1,001 - $15,000 in shares of Morgan Stanley NYSE: MS on 1/24/2025.
- Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 1/17/2025.
- Sold $1,001 - $15,000 in shares of Walmart NYSE: WMT on 1/17/2025.
PPG Industries Stock Performance
Shares of PPG stock traded down $0.17 during trading on Monday, hitting $117.75. The company's stock had a trading volume of 1,677,204 shares, compared to its average volume of 2,184,312. The company has a market cap of $27.32 billion, a PE ratio of 24.89, a P/E/G ratio of 1.97 and a beta of 1.23. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. The business has a fifty day moving average of $119.02 and a 200-day moving average of $123.42. PPG Industries, Inc. has a 52 week low of $110.20 and a 52 week high of $145.60.
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 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%. As a group, research analysts anticipate that PPG Industries, Inc. will post 7.96 earnings per share for the current year.
PPG Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, February 21st. PPG Industries's dividend payout ratio (DPR) is presently 57.51%.
Hedge Funds Weigh In On PPG Industries
A number of large investors have recently made changes to their positions in PPG. CWM LLC boosted its holdings in shares of PPG Industries by 24.7% in the third quarter. CWM LLC now owns 11,886 shares of the specialty chemicals company's stock worth $1,574,000 after acquiring an additional 2,351 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of PPG Industries by 237.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,498 shares of the specialty chemicals company's stock worth $198,000 after buying an additional 1,054 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of PPG Industries in the third quarter worth $604,000. Exchange Traded Concepts LLC raised its position in shares of PPG Industries by 156.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,160 shares of the specialty chemicals company's stock worth $154,000 after buying an additional 707 shares in the last quarter. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of PPG Industries in the third quarter worth $352,000. 81.86% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms have recently issued reports on PPG. UBS Group reduced their target price on PPG Industries from $128.00 to $126.00 and set a "neutral" rating for the company in a report on Friday, January 31st. BMO Capital Markets reaffirmed an "outperform" rating and issued a $155.00 target price (down from $160.00) on shares of PPG Industries in a report on Monday, October 21st. Wells Fargo & Company reduced their price objective on PPG Industries from $150.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered PPG Industries from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $145.00 to $115.00 in a report on Wednesday, February 12th. Finally, Barclays reduced their price objective on PPG Industries from $144.00 to $125.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, PPG Industries currently has a consensus rating of "Moderate Buy" and an average price target of $138.15.
Check Out Our Latest Analysis on PPG
About Representative Johnson
Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.
Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024.
Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.
About PPG Industries
(
Get Free Report)
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.
Read More
Before you consider PPG Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PPG Industries wasn't on the list.
While PPG Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
