IBM Retirement Fund boosted its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 39.0% throughout the third quarter, in accordance with the corporate in its most up-to-date submitting with the Securities and Trade Fee. The agency owned 7,668 shares of the specialty chemical compounds firm’s inventory after shopping for an extra 2,153 shares throughout the interval. IBM Retirement Fund’s holdings in PPG Industries have been price $936,000 on the finish of the latest reporting interval.
Quite a few different hedge funds have additionally lately purchased and bought shares of the enterprise. FMR LLC elevated its place in PPG Industries by 27.8% within the 1st quarter. FMR LLC now owns 169,739 shares of the specialty chemical compounds firm’s inventory price $19,158,000 after shopping for an extra 36,888 shares throughout the interval. Balyasny Asset Administration LLC acquired a brand new place in PPG Industries within the 1st quarter valued at roughly $285,000. Two Sigma Advisers LP acquired a brand new stake in shares of PPG Industries throughout the 1st quarter price roughly $15,499,000. Tudor Funding Corp Et Al purchased a brand new stake in shares of PPG Industries throughout the first quarter valued at roughly $997,000. Lastly, AXA raised its stake in shares of PPG Industries by 8.8% within the first quarter. AXA now owns 146,438 shares of the specialty chemical compounds firm’s inventory valued at $12,243,000 after buying an extra 11,846 shares within the final quarter. 77.11% of the inventory is owned by institutional traders.
A number of analysts have lately weighed in on PPG shares. Wells Fargo & Firm lifted their goal worth on shares of PPG Industries from $124.00 to $137.00 and gave the corporate an “chubby” score in a analysis report on Wednesday, August nineteenth. Evercore ISI initiated protection on PPG Industries in a analysis be aware on Tuesday, September twenty second. They issued an “inline” score and a $135.00 worth goal on the inventory. UBS Group boosted their goal worth on shares of PPG Industries from $132.00 to $142.00 and gave the corporate a “purchase” score in a analysis be aware on Tuesday, October sixth. SunTrust Banks raised shares of PPG Industries from a “maintain” score to a “purchase” score and lifted their worth goal for the corporate from $92.00 to $132.00 in a report on Monday, July twentieth. Lastly, Royal Financial institution of Canada raised their worth goal on shares of PPG Industries from $141.00 to $144.00 and gave the inventory an “outperform” score in a report on Friday, October ninth. Seven equities analysis analysts have rated the inventory with a maintain score, eleven have issued a purchase score and one has given a powerful purchase score to the corporate’s inventory. The corporate presently has a median score of “Purchase” and a consensus goal worth of $127.79.
In associated information, EVP Timothy M. Knavish bought 15,300 shares of the corporate’s inventory in a transaction dated Monday, August thirty first. The inventory was bought at a median worth of $120.69, for a complete transaction of $1,846,557.00. 0.41% of the inventory is presently owned by insiders.
NYSE PPG opened at $134.32 on Tuesday. The agency’s 50 day shifting common is $126.48 and its 200-day shifting common is $108.71. The corporate has a fast ratio of 1.03, a present ratio of 1.35 and a debt-to-equity ratio of 0.93. The corporate has a market capitalization of $31.70 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 5.11 and a beta of 1.26. PPG Industries, Inc. has a 12-month low of $69.77 and a 12-month excessive of $138.40.
PPG Industries (NYSE:PPG) final launched its earnings outcomes on Monday, October nineteenth. The specialty chemical compounds firm reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.01. PPG Industries had a internet margin of seven.23% and a return on fairness of 23.88%. The enterprise had income of $3.69 billion throughout the quarter, in comparison with the consensus estimate of $3.60 billion. Throughout the identical quarter final yr, the agency earned $1.67 earnings per share. The agency’s income for the quarter was down 3.7% in comparison with the identical quarter final yr. As a bunch, sell-side analysts anticipate that PPG Industries, Inc. will put up 4.96 EPS for the present yr.
The enterprise additionally lately disclosed a quarterly dividend, which can be paid on Friday, December eleventh. Stockholders of document on Tuesday, November tenth can be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, November ninth. PPG Industries’s payout ratio is 34.73%.
PPG Industries Firm Profile
PPG Industries, Inc manufactures and distributes paints, coatings, and specialty supplies worldwide. The corporate’s Efficiency Coatings section affords coatings, solvents, adhesives, sundries, and software program for automotive and industrial transport/fleet restore and refurbishing, gentle industrial coatings, and specialty coatings for indicators; and coatings, sealants, transparencies, clear armor, adhesives, and packaging and chemical administration providers for industrial, navy, regional jet, and common aviation plane.
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