Golden State Wealth Administration LLC boosted its stake in shares of PPG Industries, Inc. (NYSE:PPG – Free Report) by 966.3% within the first quarter, in accordance with its most up-to-date submitting with the Securities and Alternate Fee (SEC). The agency owned 885 shares of the specialty chemical compounds firm’s inventory after buying an extra 802 shares through the quarter. Golden State Wealth Administration LLC’s holdings in PPG Industries had been value $97,000 on the finish of the latest reporting interval.
Different institutional buyers have additionally lately added to or diminished their stakes within the firm. Park Sq. Monetary Group LLC purchased a brand new stake in PPG Industries within the fourth quarter valued at $26,000. CVA Household Workplace LLC elevated its holdings in shares of PPG Industries by 70.6% within the 1st quarter. CVA Household Workplace LLC now owns 273 shares of the specialty chemical compounds firm’s inventory value $30,000 after buying an extra 113 shares through the interval. Prudent Man Funding Administration Inc. acquired a brand new stake in shares of PPG Industries within the 4th quarter value about $36,000. Beacon Capital Administration LLC lifted its place in PPG Industries by 37.1% within the 1st quarter. Beacon Capital Administration LLC now owns 373 shares of the specialty chemical compounds firm’s inventory valued at $41,000 after buying an extra 101 shares over the past quarter. Lastly, CX Institutional acquired a brand new place in PPG Industries through the 1st quarter valued at about $44,000. 81.86% of the inventory is at present owned by institutional buyers.
PPG Industries Inventory Up 0.4%
PPG opened at $114.20 on Monday. The corporate has a debt-to-equity ratio of 0.79, a fast ratio of 0.99 and a present ratio of 1.35. The corporate has a market capitalization of $25.92 billion, a PE ratio of 24.45, a P/E/G ratio of two.39 and a beta of 1.17. The inventory’s fifty day transferring common is $109.94 and its 200-day transferring common is $112.36. PPG Industries, Inc. has a one yr low of $90.24 and a one yr excessive of $137.24.
PPG Industries (NYSE:PPG – Get Free Report) final launched its earnings outcomes on Tuesday, April twenty ninth. The specialty chemical compounds firm reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.10. PPG Industries had a return on fairness of 24.84% and a web margin of 6.49%. The agency had income of $3.68 billion for the quarter, in comparison with analyst estimates of $3.67 billion. Throughout the identical interval within the earlier yr, the corporate earned $1.87 earnings per share. PPG Industries’s income was down 4.3% in comparison with the identical quarter final yr. On common, equities analysts predict that PPG Industries, Inc. will publish 7.95 EPS for the present fiscal yr.
PPG Industries Dividend Announcement
The agency additionally lately introduced a quarterly dividend, which was paid on Thursday, June twelfth. Traders of document on Monday, Might twelfth had been issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized foundation and a yield of two.38%. The ex-dividend date was Monday, Might twelfth. PPG Industries’s payout ratio is 58.24%.
Analyst Upgrades and Downgrades
A number of equities analysis analysts have commented on PPG shares. Wells Fargo & Firm raised their value goal on shares of PPG Industries from $115.00 to $125.00 and gave the corporate an “obese” score in a analysis notice on Thursday, Might 1st. UBS Group elevated their value goal on PPG Industries from $110.00 to $111.00 and gave the inventory a “impartial” score in a report on Wednesday, April thirtieth. JPMorgan Chase & Co. lowered their goal value on PPG Industries from $115.00 to $105.00 and set a “impartial” score on the inventory in a analysis report on Thursday, Might 1st. Seaport Res Ptn lowered PPG Industries from a “strong-buy” score to a “maintain” score in a analysis report on Wednesday, March fifth. Lastly, Deutsche Financial institution Aktiengesellschaft elevated their value goal on PPG Industries from $125.00 to $140.00 and gave the inventory a “purchase” score in a analysis notice on Monday, Might twelfth. 9 equities analysis analysts have rated the inventory with a maintain score, six have assigned a purchase score and one has issued a robust purchase score to the corporate’s inventory. Based mostly on information from MarketBeat.com, the corporate at present has a median score of “Average Purchase” and a consensus goal value of $129.83.
Learn Our Newest Analysis Report on PPG
PPG Industries Firm Profile
(Free Report)
PPG Industries, Inc manufactures and distributes paints, coatings, and specialty supplies in america, Canada, the Asia Pacific, Latin America, Europe, the Center East, and Africa. It operates by way of two segments, Efficiency Coatings and Industrial Coatings. The Efficiency Coatings phase gives coatings, solvents, adhesives, sealants, sundries, and software program for automotive and industrial transport/fleet restore and refurbishing, gentle industrial coatings, and specialty coatings for indicators; wooden stains; paints, thermoplastics, pavement marking merchandise, and different superior applied sciences for pavement marking for presidency, industrial infrastructure, portray, and upkeep contractors; and coatings, sealants, transparencies, clear armor, adhesives, engineered supplies, and packaging and chemical administration companies for industrial, army, regional jet, and basic aviation plane.
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