PPG Industries, Inc. (NYSE:PPG) is expected to pay $0.40 on Dec 12, 2016. The indicated annual dividend is $1.60. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on PPG Industries, Inc.’s current price of $92.81, the dividend is 0.43%. This dividend’s record date is Nov 10, 2016 and the announcement date is Oct 21, 2016. The stock increased 1.16% or $1.06 on November 4, hitting $92.81. PPG Industries, Inc. (NYSE:PPG) has declined 16.71% since April 5, 2016 and is downtrending. It has underperformed by 18.67% the S&P500.
PPG Industries, Inc. manufactures and distributes a range of coatings, specialty materials and glass products. The company has a market cap of $24.41 billion. PPG operates through three business divisions: Performance Coatings, Industrial Coatings and Glass. It has a 31.2 P/E ratio. The Performance Coatings segment consists of the refinish, aerospace, protective and marine, architectural-Americas and Asia Pacific, and architectural-EMEA coatings businesses.
Insitutional Activity: The institutional sentiment increased to 1.16 in Q2 2016. Its up 0.02, from 1.14 in 2016Q1. The ratio increased, as 53 funds sold all PPG Industries, Inc. shares owned while 226 reduced positions. 69 funds bought stakes while 254 increased positions. They now own 189.57 million shares or 4.05% less from 197.56 million shares in 2016Q1.
State Treasurer State Of Michigan last reported 129,164 shares in the company. Bbva Compass Inc accumulated 0.07% or 9,011 shares. Sumitomo Mitsui Tru has 809,812 shares for 0.15% of their US portfolio. Nationwide Fund Advsr reported 357,360 shares or 0.16% of all its holdings. Cleararc Incorporated owns 6,472 shares or 0.13% of their US portfolio. Central Retail Bank & Tru, a Kentucky-based fund reported 39,811 shares. Columbia Prns L L C Invest Mngmt holds 25,304 shares or 0.2% of its portfolio. White Pine Ltd Liability holds 2,520 shares or 0.11% of its portfolio. Kcm Investment Limited Liability Corp holds 4,175 shares or 0.03% of its portfolio. Raymond James Financial Inc holds 41,468 shares or 0.04% of its portfolio. Nj State Employees Deferred Compensation Plan owns 9,700 shares or 0.21% of their US portfolio. Regions Financial accumulated 23,443 shares or 0.03% of the stock. Tiaa Cref Trust Communications Fsb Mo accumulated 23,808 shares or 0.02% of the stock. Jane Street Gp Ltd Liability last reported 15,634 shares in the company. Manchester Cap Management Lc owns 4,440 shares or 0.07% of their US portfolio.
Insider Transactions: Since July 26, 2016, the stock had 0 insider purchases, and 2 sales for $5.33 million net activity. Shares for $4.37 million were sold by SEKMAKAS VIKTORAS R on Tuesday, July 26. 9,300 shares were sold by KNAVISH TIMOTHY M, worth $967,931 on Thursday, August 4.
PPG Industries, Inc. (NYSE:PPG) Ratings Coverage
Out of 14 analysts covering PPG Industries (NYSE:PPG), 10 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 71% are positive. PPG Industries has been the topic of 21 analyst reports since September 6, 2015 according to StockzIntelligence Inc. As per Monday, April 18, the company rating was maintained by Citigroup. UBS upgraded the shares of PPG in a report on Friday, October 16 to “Buy” rating. The firm earned “Hold” rating on Tuesday, October 25 by Argus Research. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Outperform” rating by CLSA on Friday, May 6. RBC Capital Markets maintained PPG Industries, Inc. (NYSE:PPG) rating on Tuesday, October 11. RBC Capital Markets has “Outperform” rating and $106 price target. The firm has “Buy” rating by Seaport Global given on Tuesday, July 26. The rating was downgraded by Goldman Sachs on Friday, October 21 to “Neutral”. The rating was initiated by Seaport Global Securities on Tuesday, January 5 with “Accumulate”. The rating was upgraded by Goldman Sachs to “Buy” on Monday, October 12. Credit Suisse reinitiated the shares of PPG in a report on Tuesday, March 22 with “Outperform” rating.
More recent PPG Industries, Inc. (NYSE:PPG) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: PPG Industries, Olin and Neenah Paper” on November 04, 2016. Also Valuewalk.com published the news titled: “Dividend Aristocrats In Focus Part 7: PPG Industries, Inc. (PPG)” on October 21, 2016. Nasdaq.com‘s news article titled: “PPG Industries to Showcase Coatings at Metalcon 2016” with publication date: October 13, 2016 was also an interesting one.
PPG Company Profile
PPG Industries, Inc. (PPG), incorporated on August 24, 1883, makes and distributes a range of coatings, specialty materials and glass products. PPG operates through three business divisions: Performance Coatings, Industrial Coatings and Glass. PPG is a global supplier of coatings. The Performance Coatings and Industrial Coatings divisions supply coatings and specialty materials for clients in a range of end-use markets, including industrial equipment, appliances and packaging; factory-finished aluminum extrusions and steel and aluminum coils; marine and aircraft equipment; automotive original equipment (automotive OEM), and other industrial and consumer products. In addition to supplying coatings to the automotive OEM market, PPG supplies refinishes to the automotive aftermarket. PPG also serves commercial and residential new build and maintenance markets by supplying coatings to painting and maintenance contractors and directly to clients for decoration and maintenance.
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