PPG Industries, Inc. Declares Quarterly Dividend of $0.67 (PPG)
PPG Industries (NYSE:PPG) announced a quarterly dividend on Thursday, July 17th, AnalystRatingsNetwork.com reports. Shareholders of record on Monday, August 11th will be paid a dividend of 0.67 per share on Friday, September 12th. This represents a $2.68 annualized dividend and a dividend yield of 1.30%.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of PPG Industries from $215.00 to $225.00 in a research note on Tuesday, July 1st. On a related note, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PPG Industries in a research note on Tuesday, July 1st. They now have a $225.00 price target on the stock, up previously from $208.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of PPG Industries in a research note on Tuesday, July 1st. They now have a $235.00 price target on the stock, up previously from $220.00. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $198.85.
Shares of PPG Industries (NYSE:PPG) traded up 0.45% on Thursday, hitting $206.72. The stock had a trading volume of 218,138 shares. PPG Industries has a 52-week low of $155.27 and a 52-week high of $213.01. The stock’s 50-day moving average is $204.7 and its 200-day moving average is $195.2. The company has a market cap of $28.581 billion and a price-to-earnings ratio of 14.15.
PPG Industries (NYSE:PPG) last announced its earnings results on Thursday, July 17th. The company reported $2.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.78 by $0.02. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter last year, the company posted $2.45 earnings per share. PPG Industries’s revenue was up 5.1% compared to the same quarter last year. On average, analysts predict that PPG Industries will post $9.44 earnings per share for the current fiscal year.
PPG Industries, Inc (NYSE:PPG) is a global supplier of protective and decorative coatings.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.