PPG Industries, Inc. (NYSE:PPG) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

PPG Industries, Inc. (NYSE:PPG - Get Free Report) has received an average rating of "Moderate Buy" from the fifteen analysts that are covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $130.67.

A number of equities research analysts have recently issued reports on the company. Citigroup boosted their price objective on PPG Industries from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Deutsche Bank Aktiengesellschaft increased their price objective on PPG Industries from $125.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 12th. Bank of America reiterated a "neutral" rating and set a $126.00 price target (down from $143.00) on shares of PPG Industries in a report on Tuesday, April 15th. Royal Bank Of Canada raised their target price on PPG Industries from $112.00 to $113.00 and gave the company a "sector perform" rating in a research note on Friday, May 2nd. Finally, Fermium Researc upgraded PPG Industries to a "strong-buy" rating in a research note on Thursday, May 1st.

Institutional Investors Weigh In On PPG Industries

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in PPG Industries by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 29,369,691 shares of the specialty chemicals company's stock worth $3,508,210,000 after buying an additional 756,937 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of PPG Industries by 5.6% during the first quarter. Wellington Management Group LLP now owns 11,159,203 shares of the specialty chemicals company's stock valued at $1,220,259,000 after purchasing an additional 592,152 shares in the last quarter. Geode Capital Management LLC boosted its stake in PPG Industries by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 5,546,472 shares of the specialty chemicals company's stock worth $660,752,000 after purchasing an additional 93,455 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in PPG Industries by 58.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,797,682 shares of the specialty chemicals company's stock valued at $524,627,000 after purchasing an additional 1,766,518 shares during the last quarter. Finally, Invesco Ltd. grew its position in PPG Industries by 6.1% in the 4th quarter. Invesco Ltd. now owns 4,726,630 shares of the specialty chemicals company's stock worth $564,596,000 after purchasing an additional 271,699 shares during the period. Institutional investors own 81.86% of the company's stock.

PPG Industries Trading Up 1.7%

Shares of NYSE PPG opened at $117.43 on Wednesday. The stock has a market cap of $26.66 billion, a price-to-earnings ratio of 25.15, a P/E/G ratio of 2.42 and a beta of 1.16. PPG Industries has a twelve month low of $90.24 and a twelve month high of $137.24. The company's fifty day moving average is $111.98 and its 200-day moving average is $112.19. The company has a quick ratio of 0.99, a current ratio of 1.35 and a debt-to-equity ratio of 0.79.

PPG Industries (NYSE:PPG - Get Free Report) last released its earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.10. The business had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.67 billion. PPG Industries had a return on equity of 24.84% and a net margin of 6.49%. PPG Industries's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.87 earnings per share. Equities research analysts predict that PPG Industries will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Monday, May 12th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Monday, May 12th. PPG Industries's payout ratio is presently 58.24%.

About PPG Industries

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.

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