Shares of PPG Industries, Inc. (NYSE:PPG) have been given a consensus rating of “Hold” by the eighteen research firms that are covering the stock, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $114.69.

PPG has been the subject of several recent research reports. TheStreet raised PPG Industries from a “c+” rating to a “b+” rating in a research note on Monday, May 22nd. Credit Suisse Group set a $113.00 price objective on PPG Industries and gave the company a “buy” rating in a research note on Sunday, July 23rd. BidaskClub raised PPG Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Jefferies Group LLC reissued a “buy” rating and issued a $120.00 price objective on shares of PPG Industries in a research note on Thursday, July 6th. Finally, Argus raised PPG Industries from a “hold” rating to a “buy” rating and increased their price objective for the company from $110.61 to $136.00 in a research note on Wednesday, July 5th.

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In other news, VP Glenn E. Bost II sold 19,812 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $100.80, for a total transaction of $1,997,049.60. Following the completion of the transaction, the vice president now directly owns 52,748 shares in the company, valued at approximately $5,316,998.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Bruderman Asset Management LLC acquired a new position in PPG Industries during the second quarter worth $105,000. V Wealth Management LLC acquired a new position in PPG Industries during the second quarter worth $112,000. State of Alaska Department of Revenue acquired a new position in PPG Industries during the second quarter worth $113,000. Baystate Wealth Management LLC boosted its position in PPG Industries by 4.0% in the first quarter. Baystate Wealth Management LLC now owns 1,040 shares of the specialty chemicals company’s stock worth $109,000 after buying an additional 40 shares in the last quarter. Finally, First Interstate Bank boosted its position in PPG Industries by 3.1% in the second quarter. First Interstate Bank now owns 1,157 shares of the specialty chemicals company’s stock worth $127,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 71.54% of the company’s stock.

PPG Industries (NYSE:PPG) opened at 102.68 on Friday. The stock has a market capitalization of $26.34 billion, a price-to-earnings ratio of 27.01 and a beta of 1.54. PPG Industries has a 12-month low of $89.64 and a 12-month high of $113.67. The company has a 50 day moving average of $107.35 and a 200-day moving average of $106.21.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $1.83 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.83. PPG Industries had a return on equity of 29.47% and a net margin of 6.79%. The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the company earned $1.73 EPS. The firm’s revenue was up .6% compared to the same quarter last year. On average, equities research analysts forecast that PPG Industries will post $6.11 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Thursday, August 10th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This is an increase from PPG Industries’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.75%. PPG Industries’s dividend payout ratio (DPR) is 46.88%.

PPG Industries Company Profile

PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has three segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment includes the refinish, aerospace, protective and marine, architectural businesses. The Industrial Coatings segment includes the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, coatings services and specialty coatings and materials businesses.

Analyst Recommendations for PPG Industries (NYSE:PPG)

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