PPG Industries (NYSE:PPG) Reaches New 1-Year Low – Should You Sell?

PPG Industries, Inc. (NYSE:PPG) shares hit a new 52-week low on Thursday . The company traded as low as $107.89 and last traded at $107.23, with a volume of 106068 shares trading hands. The stock had previously closed at $111.93.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PPG shares. KeyCorp lowered shares of PPG Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. Royal Bank of Canada cut their target price on shares of PPG Industries from $128.00 to $120.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 4th. UBS Group lowered their price target on PPG Industries from $128.00 to $126.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group cut their price objective on PPG Industries from $153.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, PPG Industries presently has an average rating of “Hold” and an average price target of $138.15.

PPG Industries Stock Down 1.0 %

The company has a market capitalization of $24.36 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22. The company has a 50-day moving average of $115.37 and a two-hundred day moving average of $121.23. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77.

PPG Industries (NYSE:PPG) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. On average, research analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 21st were paid a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.72 annualized dividend and a dividend yield of 2.53%. PPG Industries’s payout ratio is currently 57.51%.

Insider Buying and Selling at PPG Industries

In other news, CEO Timothy M. Knavish sold 4,800 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $118.35, for a total transaction of $568,080.00. Following the completion of the transaction, the chief executive officer now directly owns 35,833 shares in the company, valued at $4,240,835.55. This trade represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is owned by company insiders.

Institutional Trading of PPG Industries

Several institutional investors have recently bought and sold shares of PPG. Park Square Financial Group LLC bought a new position in shares of PPG Industries in the fourth quarter worth approximately $26,000. Legend Financial Advisors Inc. bought a new position in PPG Industries in the 4th quarter valued at approximately $27,000. Prudent Man Investment Management Inc. purchased a new stake in PPG Industries during the 4th quarter valued at $36,000. Albion Financial Group UT purchased a new position in shares of PPG Industries in the fourth quarter worth $38,000. Finally, Crews Bank & Trust bought a new position in shares of PPG Industries during the fourth quarter valued at $42,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Company Profile

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.