Key Points
- CFO Vincent Morales sold 5,200 PPG shares on January 15 at an average price of $110 for proceeds of about $572,000, trimming his stake by 15.46% to 28,439 shares (≈$3.13M).
- PPG beat quarterly expectations with $2.13 EPS and set FY 2025 guidance of 7.600–7.700 EPS, while analysts expect roughly 7.95 EPS for the year.
- The company declared a quarterly dividend of $0.71 (paid March 12, ex-dividend February 20) for a $2.84 annualized payout (≈2.6% yield), and street consensus is a "Hold" with a $120.86 price target.
PPG Industries, Inc. (NYSE:PPG - Get Free Report) CFO Vincent Morales sold 5,200 shares of the firm's stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $110.00, for a total value of $572,000.00. Following the sale, the chief financial officer directly owned 28,439 shares in the company, valued at approximately $3,128,290. The trade was a 15.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
PPG Industries Stock Performance
Shares of PPG Industries stock opened at $110.39 on Friday. The company has a market capitalization of $24.77 billion, a PE ratio of 25.03, a P/E/G ratio of 3.27 and a beta of 1.17. The company has a 50-day simple moving average of $101.86 and a two-hundred day simple moving average of $105.92. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $124.74. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.08 and a current ratio of 1.47.
PPG Industries (NYSE:PPG - Get Free Report) last released its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $2.13 earnings per share for the quarter, beating analysts' consensus estimates of $2.09 by $0.04. The business had revenue of $4.08 billion for the quarter, compared to analysts' expectations of $4.06 billion. PPG Industries had a net margin of 6.35% and a return on equity of 23.61%. The company's revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $2.13 EPS. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS. Research analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.
PPG Industries Dividend Announcement
The firm 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 dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.6%. PPG Industries's dividend payout ratio is presently 64.40%.
Wall Street Analyst Weigh In
PPG has been the topic of several research analyst reports. Bank of America dropped their target price on PPG Industries from $118.00 to $116.00 and set a "neutral" rating on the stock in a research note on Thursday, January 8th. Berenberg Bank lowered their price target on PPG Industries from $131.00 to $110.00 and set a "hold" rating for the company in a report on Thursday, December 4th. JPMorgan Chase & Co. boosted their price target on PPG Industries from $112.00 to $117.00 and gave the stock an "overweight" rating in a research note on Friday, November 21st. UBS Group decreased their price objective on shares of PPG Industries from $115.00 to $110.00 and set a "neutral" rating for the company in a research report on Thursday, October 30th. Finally, Evercore ISI dropped their target price on shares of PPG Industries from $145.00 to $112.00 and set an "in-line" rating on the stock in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $120.86.
View Our Latest Report on PPG
Institutional Investors Weigh In On PPG Industries
Large investors have recently bought and sold shares of the company. Capital Advisors Ltd. LLC lifted its stake in PPG Industries by 127.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 223 shares of the specialty chemicals company's stock valued at $25,000 after acquiring an additional 125 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new position in shares of PPG Industries during the third quarter worth $26,000. Dorato Capital Management acquired a new position in PPG Industries during the fourth quarter valued at $26,000. Quarry LP purchased a new stake in PPG Industries in the third quarter valued at $26,000. Finally, Root Financial Partners LLC acquired a new stake in PPG Industries during the 3rd quarter worth about $30,000. Hedge funds and other institutional investors own 81.86% of the company's stock.
PPG Industries Company Profile
(
Get Free Report)
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.
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