PPG Industries (NYSE:PPG) CFO Vincent Morales Sells 78,095 Shares

PPG Industries, Inc. (NYSE:PPG) CFO Vincent Morales sold 78,095 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $131.00, for a total value of $10,230,445.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

PPG Industries Stock Performance

PPG stock opened at $128.24 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.08. PPG Industries, Inc. has a 1-year low of $90.24 and a 1-year high of $133.43. The business has a 50-day moving average price of $112.17 and a 200 day moving average price of $106.82. The company has a market capitalization of $28.78 billion, a P/E ratio of 18.48, a PEG ratio of 1.94 and a beta of 1.16.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.06). The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.77 billion. PPG Industries had a return on equity of 22.67% and a net margin of 9.93%.PPG Industries’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.61 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities research analysts forecast that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, February 20th. PPG Industries’s payout ratio is presently 40.92%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dorato Capital Management purchased a new stake in shares of PPG Industries during the fourth quarter valued at $26,000. Quarry LP acquired a new stake in PPG Industries during the 3rd quarter worth about $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in PPG Industries during the 3rd quarter valued at about $26,000. Resources Management Corp CT ADV increased its holdings in shares of PPG Industries by 900.0% in the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 225 shares during the period. Finally, Vermillion & White Wealth Management Group LLC increased its holdings in shares of PPG Industries by 100.7% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 137 shares during the period. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Analysts Set New Price Targets

PPG has been the topic of several analyst reports. Royal Bank Of Canada lifted their target price on PPG Industries from $109.00 to $115.00 and gave the company a “sector perform” rating in a research note on Thursday, January 29th. Sanford C. Bernstein raised their price target on shares of PPG Industries from $123.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 30th. BNP Paribas Exane reduced their price objective on shares of PPG Industries from $113.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Citigroup increased their target price on shares of PPG Industries from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Finally, Mizuho raised their target price on shares of PPG Industries from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, PPG Industries currently has an average rating of “Hold” and an average price target of $124.79.

PPG Industries Company Profile

PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.

PPG’s product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.