PPG Industries Inc. (PPG) Stock: Should Investors Follow These Insider Trades?

PPG Industries Inc. (NYSE:PPG) saw an upside of 0.74% to close Monday at $151.86 after adding $1.12 on the day. The 5-day average trading volume is 1,314,480 shares of the company’s common stock. It has gained $153.73 in the past week. An average of 1,144,635 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,083,764.

PPG’s 1-month performance is -0.76% or -$1.17 on its low of $141.81 reached on 10/01/21. The company’s shares have touched a 52-week low of $123.52 and high of $182.97, with the stock’s rally to the 52-week high happening on 06/07/21. YTD, PPG has achieved 5.30% or $7.64. However, the current price is down -17.00%% from the 52-week high price.

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Insider Transactions

On May 24, 141 days have gone by since the last insider trading activity for PPG Industries Inc. (PPG). KNAVISH TIMOTHY M (Executive Vice President) most recently sold 22,851 shares at $178.78 per share on May 24. This transaction cost the insider $4,085,270. SVP, P&M Ctgs & Pres PPG EMEA, RAMAPRASAD VADLAMANNATI, sold 20,956 shares at a price of $168.84 on Apr 20. Then, on Nov 04, VP and Controller (PAO) Schaupp William E sold 3,850 shares at a price of $134.66 per share. This transaction amounted to $518,451.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 36.39 and a low of 13.92. PPG stock has a beta of 1.13. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.29 while the price-to-book (PB) in the most recent quarter is 5.79, with the price to cash flow ratio at 23.93.

PPG Industries Inc. pays an annual dividend of $2.36 per share. Its dividend yield is 1.55% and the payout ratio is 33.70%. PPG’s most recent quarterly dividend payment was made on Sep. 10, when it paid $0.59 a share compared with prior rate of $0.54, up 8.47% from last year’s. The company has boosted its dividend for the last 50 consecutive years with the latest dividend increase of $0.05 reported on Thursday July 15 2021. Measured over the last 3 years, the Dividend has been growing by 23.53% yearly.

It is projected that PPG Industries Inc.’s next ex-dividend date will be on 10-Nov. PPG is expected to distribute $0.59 as its next dividend.

PPG Industries Inc.’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.40 meaning that PPG stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.02, while the total debt to equity was 1.15. In terms of profitability, the gross margin trailing 12 months is 42.40%. The trailing 12-month EBITDA margin is 16.31% while for the period ending June 29; PPG Industries Inc.’s operating margin was 12.90%. The firm’s gross profit as reported stood at $6.06 billion against revenue of $13.83 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, PPG Industries Inc.’s cash and short-term investments amounted to $110.0 million against total debt of $8.09 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 15.76% to $4.36 billion, while revenue of $3.62 billion was 17.05% off the previous quarter. Analysts expected PPG to announce $2.19 per share in earnings in its latest quarter, but it posted $1.94, representing a -11.40% surprise. EBITDA for the quarter stood at more than $689.0 million. PPG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 15.94 billion, with total debt at $8.09 billion. Shareholders hold equity totaling $237.36 million

Technical Picture

Let’s look briefly at PPG Industries Inc. (PPG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 64.97% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.47%.

The stock’s 5-day moving average is $149.14, reflecting a +5.45% or $7.85 change from its current price. PPG is currently trading -0.43% above its 20-day SMA, -13.89% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -7.13% and +5.55% respectively.

Stochastic %K and %D was 87.60% and 76.71% and the average true range (ATR) pointed at 3.21. The RSI (14) points at 54.50%, while the 14-day stochastic is at 84.31% with the period’s ATR at 3.16. The stock’s 9-day MACD Oscillator is pointing at 4.09 and 4.09 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for PPG Industries Inc. (NYSE: PPG), Citigroup downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for PPG stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate PPG as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 15 have offered a “buy” rating.

What is PPG’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $160.00 and a high of $200.00, with their median price target at $176.00. Looking at these predictions, the average price target given by analysts is for PPG Industries Inc. (PPG) stock is $177.76.


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