Investors Sell PPG Industries, Inc. (PPG) on Strength (PPG)

Remigio Civitarese
Ottobre 21, 2017

The market cap of 28.93B for PPG Industries, today's market indicated its current strength, making the company's shares a lucrative one.

According to Zacks, "Earnings estimates for PPG Industries for the third quarter have been going down of late". Similarly, the Return on Invested Capital Quality ratio is a tool in evaluating the quality of a company's ROIC over the course of five years. PPG Industries faces currency headwind and macroeconomic challenges. "It is also exposed to raw materials cost pressure".

Recent Analyst Rating for PPG Industries, Inc. The stock of PPG Industries, Inc. Jefferies Group LLC restated a "buy" rating and set a $120.00 price objective on shares of PPG Industries in a report on Thursday, July 6th. Robert W. Baird increased their price objective on shares of PPG Industries from $115.00 to $130.00 and gave the company an "outperform" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company's stock. The stock has an average rating of "Hold" and an average target price of $117.40.

Shares of PPG Industries (NYSE:PPG) traded up 2.59% during mid-day trading on Tuesday, hitting $117.27. As per Thursday, June 2, the company rating was downgraded by RBC Capital Markets. The stock has a market capitalization of $29.32 billion, a price-to-earnings ratio of 30.07 and a beta of 1.55. The firm has a 50 day moving average price of $109.11 and a 200 day moving average price of $107.89.

The Return on Invested Capital (aka ROIC) for PPG Industries, Inc. (NYSE:PPG) shares can stay above the price resistance around $113.43 a share, that could help propel PPG Industries, Inc. In the latest earnings report the EPS was $3.80 and is projected to be $5.97 for the current year with 256,479,000 shares now outstanding. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.75 billion. The M&T Bank Corp holds 10,195 shares with $3.69M value, up from 8,710 last quarter. During the same quarter a year ago, the business posted $1.56 earnings per share. The stock of PPG Industries, Inc.

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The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th.

The Shareholder Yield is a way that investors can see how much money shareholders are receiving from a company through a combination of dividends, share repurchases and debt reduction. PPG Industries's dividend payout ratio (DPR) is presently 46.88%.

In related news, insider Viktoras R. Sekmakas sold 18,616 shares of PPG Industries stock in a transaction on Friday, August 18th. M&T Bank Corp acquired 1,485 shares as Tesla Inc (TSLA)'s stock rose 14.18%. Following the completion of the transaction, the insider now directly owns 15,545 shares in the company, valued at $1,593,207.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Glenn E. Bost II sold 19,812 shares of PPG Industries stock in a transaction on Friday, August 11th. And the values below 20 that it is oversold indicate prices could very well bounce upwards. The disclosure for this sale can be found here. (NYSE:PPG) is 3051. A company with a low rank is considered a good company to invest in. It is positive, as 105 investors sold KR shares while 223 reduced holdings. Mutual of America Capital Management LLC raised its position in PPG Industries by 2.1% in the 3rd quarter. BlackRock Inc. now owns 14,595,371 shares of the specialty chemicals company's stock valued at $1,533,684,000 after purchasing an additional 13,902,595 shares in the last quarter. Ropes Wealth Advisors LLC now owns 1,743 shares of the specialty chemicals company's stock valued at $192,000 after buying an additional 83 shares during the period. Finally, Vaughan David Investments Inc. PPG Industries reported sales of $3.50 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 2.3%. IL now owns 196,321 shares of the specialty chemicals company's stock worth $20,629,000 after purchasing an additional 1,412 shares in the last quarter.

A number of institutional investors have recently bought and sold shares of the stock.

Recent Dividend History for PPG Industries, Inc. The Firm has two divisions: Performance Coatings and Industrial Coatings. The Business's geographical segments include the United States, Canada, Western Europe, Latin America, Central and Eastern Europe, the Middle East, Africa and Asia Pacific. 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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