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PPG Industries (NYSE:PPG) VP Cynthia A. Niekamp sold 8,700 shares of the stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $195.35, for a total value of $1,699,545.00. Following the sale, the vice president now directly owns 29,281 shares of the company’s stock, valued at approximately $5,720,043. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

A number of research firms have recently commented on PPG. Analysts at Argus raised their price target on shares of PPG Industries from $216.00 to $224.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PPG Industries in a research note on Tuesday, April 22nd. They now have a $208.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of PPG Industries in a research note on Tuesday, April 22nd. They now have a $206.00 price target on the stock. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. PPG Industries has an average rating of “Buy” and an average price target of $193.14.

Shares of PPG Industries (NYSE:PPG) traded up 0.44% during mid-day trading on Monday, hitting $193.82. The stock had a trading volume of 64,581 shares. PPG Industries has a 52-week low of $144.58 and a 52-week high of $201.59. The stock’s 50-day moving average is $194.4 and its 200-day moving average is $186.7. The company has a market cap of $26.846 billion and a P/E ratio of 13.25.

PPG Industries (NYSE:PPG) last announced its earnings results on Thursday, April 17th. The company reported $1.98 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.89 by $0.09. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. The company’s quarterly revenue was up 17.0% on a year-over-year basis. On average, analysts predict that PPG Industries will post $9.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 12th. Investors of record on Monday, May 12th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Thursday, May 8th. This is an increase from PPG Industries’s previous quarterly dividend of $0.61.

PPG Industries, Inc (NYSE:PPG) is a global supplier of protective and decorative coatings.

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