PPG Industries (NYSE:PPG) CFO Vincent Morales Sells 29,672 Shares of Stock

PPG Industries, Inc. (NYSE:PPG) CFO Vincent Morales sold 29,672 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $125.00, for a total transaction of $3,709,000.00. Following the completion of the sale, the chief financial officer directly owned 28,439 shares of the company’s stock, valued at $3,554,875. The trade was a 51.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

PPG Industries Stock Performance

Shares of PPG stock opened at $124.30 on Friday. The stock’s 50-day moving average price is $106.93 and its 200 day moving average price is $105.76. The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $27.89 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 1.89 and a beta of 1.16. PPG Industries, Inc. has a 52-week low of $90.24 and a 52-week high of $126.47.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). The company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.77 billion. PPG Industries had a return on equity of 22.67% and a net margin of 9.93%.The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.61 earnings per share. 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 year.

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 20th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, February 20th. PPG Industries’s payout ratio is currently 40.92%.

Hedge Funds Weigh In On PPG Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Advisors Ltd. LLC grew its holdings in PPG Industries by 127.6% in the second quarter. Capital Advisors Ltd. LLC now owns 223 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 125 shares during the last quarter. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of PPG Industries in the 3rd quarter worth about $26,000. Dorato Capital Management acquired a new stake in PPG Industries in the 4th quarter valued at about $26,000. Quarry LP purchased a new position in PPG Industries during the 3rd quarter valued at about $26,000. Finally, Root Financial Partners LLC acquired a new position in PPG Industries during the third quarter worth about $30,000. 81.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PPG. Citigroup boosted their price target on shares of PPG Industries from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. BNP Paribas Exane dropped their target price on PPG Industries from $113.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Wells Fargo & Company raised their price target on PPG Industries from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. The Goldman Sachs Group upped their price objective on PPG Industries from $118.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, KeyCorp reiterated a “sector weight” rating on shares of PPG Industries in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $123.71.

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.