PPG has been the topic of several other research reports. Royal Bank of Canada reissued a hold rating and issued a $101.00 price target on shares of PPG Industries in a research report on Wednesday, January 4th. Susquehanna Bancshares Inc lowered shares of PPG Industries from a positive rating to a neutral rating and decreased their target price for the stock from $108.00 to $100.00 in a report on Tuesday, January 17th. Atlantic Securities raised shares of PPG Industries from a neutral rating to an overweight rating and set a $125.00 target price on the stock in a report on Wednesday, March 15th. Barclays PLC reissued a hold rating and issued a $110.00 price target on shares of PPG Industries in a report on Sunday, January 22nd. Finally, Wells Fargo & Co lowered shares of PPG Industries from an outperform rating to a market perform rating in a report on Thursday, March 9th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $114.46.
Shares of PPG Industries (NYSE:PPG) traded up 0.86% on Friday, hitting $106.30. The stock had a trading volume of 637,807 shares. The firm has a market capitalization of $27.23 billion, a P/E ratio of 32.55 and a beta of 1.39. PPG Industries has a 12-month low of $89.64 and a 12-month high of $113.49. The company has a 50 day moving average of $107.12 and a 200-day moving average of $101.00.
PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Thursday, April 20th. The specialty chemicals company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.03. PPG Industries had a net margin of 5.84% and a return on equity of 29.94%. The company had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same quarter in the previous year, the firm posted $1.31 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts predict that PPG Industries will post $6.26 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Stockholders of record on Wednesday, May 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Monday, May 8th. PPG Industries’s payout ratio is currently 48.93%.
Large investors have recently made changes to their positions in the company. Cadence Capital Management LLC boosted its stake in shares of PPG Industries by 0.3% in the fourth quarter. Cadence Capital Management LLC now owns 2,128 shares of the specialty chemicals company’s stock valued at $202,000 after buying an additional 6 shares in the last quarter. Investment Partners Ltd. OH ADV boosted its stake in shares of PPG Industries by 0.3% in the first quarter. Investment Partners Ltd. OH ADV now owns 2,478 shares of the specialty chemicals company’s stock valued at $260,000 after buying an additional 8 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in shares of PPG Industries by 0.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 2,799 shares of the specialty chemicals company’s stock valued at $265,000 after buying an additional 9 shares in the last quarter. OLD Dominion Capital Management Inc. boosted its position in PPG Industries by 0.3% in the third quarter. OLD Dominion Capital Management Inc. now owns 5,266 shares of the specialty chemicals company’s stock worth $544,000 after buying an additional 15 shares during the period. Finally, YorkBridge Wealth Partners LLC boosted its position in PPG Industries by 0.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 5,820 shares of the specialty chemicals company’s stock worth $637,000 after buying an additional 15 shares during the period. Institutional investors own 71.49% of the company’s stock.
PPG Industries Company Profile
PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has three segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment includes the refinish, aerospace, protective and marine, architectural businesses. The Industrial Coatings segment includes the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, coatings services and specialty coatings and materials businesses.
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