| 2024-04-25 | -0.99 % |
- The article reports that PPG Industries (PPG) stock was downgraded from a buy rating to a hold rating by StockNews.com, amidst multiple price target reductions and rating changes by various investment analysts which contributed to the stock's -0.99% decline. The downgrade and market sentiment may have been influenced by concerns over the company's recent earnings report, with analysts projecting a decrease in revenue year-over-year and uncertainties in the industry, leading to the overall decrease in the stock price.
- The article discusses how OLD National Bancorp IN reduced its position in PPG Industries, Inc. by 15.6% in the fourth quarter, leading to a 0.99% decrease in PPG stock price, potentially due to various hedge funds and institutional investors buying and selling shares of PPG, as well as aspects such as the company's recent earnings results and stock buyback program.
- The article reports that PPG Industries (PPG) stock went down by -0.99% due to analysts at BMO Capital Markets lowering the price target from $168.00 to $165.00, leading to a potential upside of 26.42%, amidst various analysts issuing ratings ranging from "buy" to "hold" on the company's stock following its recent earnings report which met the consensus estimate, and the company's announcement of a $2.50 billion stock repurchase plan. The stock's movement could be attributed to these factors, as well as general market conditions and investor sentiment.
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| 2024-04-24 | +0.07 % |
- The article discusses PPG Industries (PPG) stock, which was 0.07% up last night, with a price target lowered by KeyCorp, yet maintaining an "overweight" rating and potential upside, due to the company's strong financial performance, share repurchase program, and positive earnings report, leading to confidence in the stock's value and a rise in stock price.
- The article discusses PPG Industries (PPG) stock, which was up by 0.07% last night, and mentions a recent price objective decrease by Royal Bank of Canada, as well as various ratings and target price adjustments by different research analysts, indicating a potential upside for the stock. The stock went up possibly due to a combination of factors such as earnings results meeting expectations, board approval for a stock repurchase plan to buy back undervalued shares, and positive changes made by institutional investors.
- The article discusses PPG Industries (PPG) stock and how it was up by 0.07% the previous night. The stock was positively impacted by an increase in Q1 2025 earnings per share estimates by Equities research analysts, as well as other factors like dividend payouts, share buyback programs, and analyst ratings.
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| 2024-04-23 | -0.56 % |
- The article discusses BMO Capital adjusting PPG Industries' price target to $165, down from $168, maintaining an Outperform rating, attributing the stock decline to the company's perceived undervaluation, favorable raw material environment, potential U.S. Arch business divestiture by 2024, strong balance sheet, and shareholder-friendly policies, with the stock showing steady performance and a high shareholder yield, despite recent earnings revisions leading to a 0.56% decrease in stock last night.
- The article discusses how PPG Industries (PPG) stock was down by -0.56%, with an analysis highlighting the company's financial performance and buyback plan. The stock may have gone down due to various analyst ratings and price target cuts, despite positive earnings estimates, resulting in market sentiment and investor confidence impacting the stock price.
- The article discusses PPG Industries' stock declining by -0.56% recently, which might be due to the initiation of a share repurchase program by the company, indicating that its management believes the shares are undervalued, along with some fluctuations in analysts' ratings and price targets.
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| 2024-04-22 | +0.2 % |
- The stock of PPG Industries (PPG) rose by 0.2%, and the increase in stock price could be attributed to the recent appointment of Pascal Tisseyre as vice president of government affairs for Europe, Middle East, and Africa, showcasing PPG's commitment to engaging with government stakeholders and promoting sustainable growth initiatives.
- Summary: Allspring Global Investments Holdings LLC reduced its stake in PPG Industries, Inc., causing the stock to go up by 0.2%, and several other institutional investors also made changes to their positions in the company, while CFO Vincent J. Morales sold shares; the company recently reported quarterly earnings in line with analyst expectations.
Reason for PPG Industries stock going up: The increase in PPG Industries stock could be attributed to the reduced stake held by Allspring Global Investments Holdings LLC and positive quarterly earnings met analysts' consensus estimates, signaling stability and confidence in the company's financial performance.
- The article provides updates on PPG Industries (PPG) stock, which was up by 0.2% last night, as several firms have adjusted their ratings and price targets recently due to the company reporting earnings in line with consensus estimates, offering a quarterly dividend, and with CFO Vincent J. Morales selling shares. The stock likely went up due to positive investor sentiment resulting from the earnings report meeting expectations and the announcement of a dividend payout.
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| 2024-04-19 | -3.12 % |
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| 2024-04-18 | +0.11 % |
- PPG Industries (PPG) stock was up 0.11% after the company reported a first-quarter revenue of $4.31 billion, which was below analyst estimates, and issued weaker-than-expected guidance for the upcoming quarters. Despite revenue challenges, PPG's stock may have gone up due to the company's strategic focus on growth initiatives, including expectations for sales volume growth in specific sectors like aerospace and protective coatings, as well as margin improvements in its segments compared to the previous year.
- The article reports that PPG Industries' stock was up by 0.11% following the release of its first-quarter results, which showed a decrease in revenue due to sluggish demand in its industrial and performance coating businesses, although the company remains optimistic about future growth in China and authorized a share repurchase program. The stock likely went up due to investor optimism regarding the company's longer-term outlook and growth potential in China.
- PPG Industries (PPG) stock went up last night as the company's board of directors approved a new $2.5 billion share repurchase program, reflecting financial stability and shareholder commitment, and potentially attracting investors due to factors such as consistent profitability, strong market position, and low price volatility.
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| 2024-04-15 | +0.44 % |
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| 2024-04-12 | -2.3 % |
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| 2024-04-11 | -0.09 % |
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| 2024-04-10 | -3.14 % |
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| 2024-04-09 | +1.64 % |
- Summary: Farm & Merchants Trust and other hedge funds acquired stakes in PPG Industries, causing the stock to go up by 1.64% yesterday; the company also recently reported positive quarterly earnings, revenue growth, and strong financial indicators leading to investor confidence.
Reason for PPG Industries (PPG) stock going up: Increase in institutional investor ownership, positive quarterly earnings report exceeding expectations, revenue growth, and strong financial performance indicators.
- Summary: PPG Industries, Inc. stock rose 1.64% last night, with Meeder Advisory Services Inc. increasing its position in the company among other institutional investors and hedge funds.
Reason for stock increase: The rise in PPG Industries stock can be attributed to various institutional investors and hedge funds consistently adding to their holdings in the company, indicating confidence and positive outlook in its performance and potential growth.
- The article discusses PPG Industries (PPG) stock, which was up by 1.64% last night, and provides insights from various equities researchers who have given different price targets and ratings for the company, with an optimistic outlook due to positive earnings results and growth predictions, leading to the stock increase.
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| 2024-04-08 | +0.63 % |
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| 2024-04-05 | -0.52 % |
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| 2024-03-27 | +1.92 % |
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| 2024-03-26 | +0.47 % |
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| 2024-03-25 | -0.99 % |
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| 2024-03-22 | -0.73 % |
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| 2024-03-21 | +0.95 % |
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| 2024-03-20 | +0.47 % |
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| 2024-03-19 | +1.82 % |
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| 2024-03-18 | +0.88 % |
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| 2024-03-14 | -2.06 % |
- The article discusses how Mattr Corp. reported its operational and financial results, highlighting its achievements, strategic decisions, and financial performance. PPG Industries (PPG) stock went down due to sequentially lower average North American oilfield activity, seasonal slowing of underground storage tank activity, and transient customer permitting challenges affecting underground fuel tank production.
- The article discusses Mattr Corp.'s operational and financial results for the fourth quarter of 2023, including a 2.06% decrease in PPG Industries (PPG) stock. PPG Industries' stock could have gone down due to factors such as the company's sale of a substantial part of its legacy pipe coating business, challenges in the oilfield activity, infrastructure permitting issues, and automotive labor disruptions affecting its operations.
- The article provides updates from Mattr Corp.'s operations and financial results, highlighting growth in Adjusted EBITDA and record revenue in 2023. PPG Industries (PPG) stock went down due to factors such as lower North American oilfield activity, reduced fuel tank production, and issues with the Composite Technologies segment.
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| 2024-03-13 | +0.4 % |
- The article discusses the nomination of new directors, Michael McGarry and Paige Robbins, to the Board of C.H. Robinson Worldwide, Inc. (Nasdaq: CHRW), with Michael McGarry, the retired Executive Chairman of PPG Industries, Inc., being one of the nominees, which could have contributed to the recent 0.4% increase in PPG Industries (PPG) stock price. McGarry's extensive leadership experience and successful transformation of PPG Industries may have positively influenced investor sentiment, leading to the stock price increase.
- The article discusses the nomination of new directors, Michael McGarry and Paige Robbins, to the Board of C.H. Robinson Worldwide, Inc. The stock of PPG Industries (PPG) went up due to Michael McGarry's extensive leadership experience and successful transformation of PPG into a highly focused coatings enterprise, along with Paige Robbins' strategic mindset and operational expertise at Grainger.
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| 2024-03-12 | -0.84 % |
- The article discusses how the Manufacturers Life Insurance Company and other institutional investors have made changes to their positions in shares of PPG Industries, Inc. (PPG) leading to a decline in stock price; this likely occurred due to these investors reducing their stakes in the company, causing negative sentiment and subsequent selling pressure on the stock.
- The article discusses Toroso Investments LLC's increased stake in PPG Industries, Inc. (NYSE:PPG) and other financial activities involving institutional investors; however, PPG Industries stock went down by -0.84% due to a combination of factors such as market conditions, company performance, and analyst ratings.
- The article discusses PPG Industries, Inc. (PPG) stock fluctuation, which saw a decline of -0.84% last night, and mentions the increase in holdings by Townsquare Capital LLC and other institutional investors. The stock drop could be attributed to various factors such as market conditions, investor sentiments, and analyst recommendations impacting the stock price movement.
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| 2024-03-08 | -0.12 % |
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| 2024-03-07 | +0.56 % |
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| 2024-03-01 | -1.47 % |
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| 2024-02-29 | +0.8 % |
- Summary: The article discusses how LPL Financial LLC increased its holdings in PPG Industries, Inc., leading to the stock being up by 0.8% last night, and further elaborates on various hedge funds making changes to their positions in PPG, alongside research analysts' ratings and price targets for the stock.
PPG Industries' stock went up as LPL Financial LLC increased its holdings in the company, along with other hedge funds making changes to their positions, and positive earnings results exceeding analyst estimates, leading to a consensus "Moderate Buy" rating and a consensus price target of $158.20.
- The article discusses PPG Industries' (PPG) announcement that it will be the primary sponsor for the Team Penske No. 2 Chevrolet in six races throughout the 2024 NTT INDYCAR SERIES, marking the start of PPG’s fifth decade of partnership with Team Penske, which likely caused the stock to go up by 0.8% as investors respond positively to the news.
- The article discusses how PPG Industries (PPG) stock went up by 0.8% last night, with various hedge funds and institutional investors buying and selling shares, influencing the increase, while providing insights into the company's financial performance and analyst ratings.
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| 2024-02-28 | -0.31 % |
- The article discusses Profund Advisors LLC reducing its stake in PPG Industries, Inc., stating they sold 328 shares during the period, which resulted in PPG stock going down by -0.31%, and the decrease could be attributed to institutional investors selling some of their holdings in the company.
- The article discusses Holcim's proposal to add Michael H. McGarry from PPG Industries as an independent board member, but does not provide information on why PPG Industries' stock went down by -0.31%.
- The article discusses how Profund Advisors LLC decreased its position in PPG Industries, Inc. (PPG) stock by 5.0%, along with other institutional investors making changes, resulting in the stock being down by -0.31% last night. The decrease in PPG Industries stock could be attributed to institutional investor movements, changes in positions, and market dynamics affecting investor sentiment.
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| 2024-02-27 | -1 % |
- The article reports that PPG Industries (PPG) stock was downgraded by Barclays from "overweight" to "equal weight," leading to a 1.0% decrease, with the price target adjusted to $149. The stock fell due to the downgrade and change in price target by analysts at Barclays.
- PPG (NYSE:PPG) was recently recognized on Barron's 100 Most Sustainable Companies list for its environmental, social, and governance (ESG) performance, ranking No. 43 out of 1,000 companies, yet last night its stock was down by -1.0%, which could be due to general market fluctuations or specific company-related news not covered in the article.
- The article reports that PPG Industries' (PPG) stock was downgraded by Barclays from Overweight to Equalweight, with a reduced price target to $149 from $163 due to concerns about business performance and valuation re-rating under the leadership of CEO Michael H. McGarry, leading to a 1.0% decrease in the stock price.
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| 2024-02-26 | -1.41 % |
- Summary: The article reports on various U.S. stock movements, including Alcoa, Ford, Berkshire Hathaway, Intuitive Machines, Moderna, Domino’s Pizza, Freshpet, PPG Industries, Arm Holdings, Micron Technology, Coinbase, and others, with PPG Industries stock declining 2% after announcing a review of strategic alternatives for its architectural coatings business in the U.S. and Canada.
Reason for PPG Industries (PPG) stock decline: PPG Industries' stock may have gone down due to the company's announcement of reviewing strategic alternatives for its architectural coatings business in the United States and Canada, which could have introduced uncertainty and concerns among investors.
- Summary: PPG Industries (PPG) stock was down by 1.41% last night, while other stocks like Alcoa rose due to an acquisition deal, Agiliti went up after a privatization announcement, and Freshpet reported strong financial results.
Reason for PPG Industries stock decline: PPG Industries' stock went down as the company announced a review of strategic alternatives for some of its businesses including the Glidden and Liquid Nails Brands, which may have led to uncertainty among investors about the company's future direction.
- The summary of the article is that the PPG Industries (PPG) stock was down 1.41% last night, with institutional investors like Stifel Financial Corp increasing their stake in the company, leading to ownership of a high percentage of the stock, suggesting a possible cause for the decline in stock value.
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| 2024-02-23 | +0.69 % |
- Envestnet Portfolio Solutions Inc. purchased a stake in PPG Industries, Inc., contributing to a 0.69% increase in the stock price, driven by positive earnings results, growth forecasts, and increased ratings by research analysts.
- The article discusses QRG Capital Management Inc. acquiring a new position in PPG Industries, Inc. (PPG) stock, contributing to a 0.69% increase in the stock price, along with several other hedge funds adding stakes in the company. The increase in institutional investments and positive equities research analyst ratings likely contributed to the rise in PPG Industries' stock.
- Summary: CI Investments Inc. increased its stake in PPG Industries, Inc. by 3.0% during the 3rd quarter, leading to a 0.69% increase in PPG stock price last night.
Reason for Stock Increase: The increase in PPG Industries' stock can be attributed to CI Investments Inc. and other institutional investors raising their stakes in the company, along with positive financial results indicating strong earnings and revenue growth, which have led to buy ratings from multiple research firms and an increased average price target.
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| 2024-02-21 | +1.06 % |
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| 2024-02-20 | -0.53 % |
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| 2024-02-15 | +1.66 % |
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| 2024-02-08 | -0.53 % |
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| 2024-02-06 | +1.69 % |
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| 2024-02-05 | -1.8 % |
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| 2024-02-02 | -1 % |
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| 2024-01-31 | -1.42 % |
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| 2024-01-30 | +0.15 % |
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| 2024-01-29 | -0.13 % |
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| 2024-01-25 | +1.25 % |
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| 2024-01-23 | +0.21 % |
- PPG Industries Inc. (PPG) experienced a 0.21% increase in its stock price. The stock went up due to PPG's strong financial performance in the fourth quarter and full year of 2023, driven by organic sales growth and margin improvement in various sectors, particularly aerospace, automotive, and architectural coatings. Additionally, PPG achieved significant volume growth in China and expects positive sales momentum in global markets for 2024. Furthermore, the company demonstrated resilience and strategic agility in navigating market fluctuations, generating substantial cash flow, and improving its balance sheet. PPG's commitment to returning value to shareholders is evident in its consistent dividend growth for the past 54 years. However, it's important to consider that the high Price/Earnings (P/E) ratio and earnings revisions by analysts may require tempering of market expectations. Despite the challenging market conditions, PPG maintained profitability with a reported revenue growth of 3.37% and a gross profit margin of 41.11%. Overall, PPG's strong financial foundation, forward-looking strategies, and diverse portfolio position it well for continued success in 2024.
- PPG Industries' stock went up by 0.21% because the company reported strong financial results in the fourth quarter of 2023, including record sales and increased earnings. The company benefited from organic sales growth, strong performance in various businesses, and improved margins. They also achieved excellent cash generation and reduced net interest expense. PPG Industries is confident in delivering positive sales volume in 2024, driven by growth in key markets such as China, India, and Mexico, as well as through their strategic initiatives. They expect sequential growth in the first quarter of 2024, despite some challenging year-over-year comparisons.
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| 2024-01-19 | -2.46 % |
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| 2024-01-18 | +1.31 % |
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| 2024-01-08 | +0.99 % |
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| 2024-01-02 | -1.52 % |
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| 2023-12-21 | +0.98 % |
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| 2023-12-20 | -2.13 % |
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| 2023-12-14 | +1.14 % |
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| 2023-12-06 | +0.04 % |
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| 2023-12-05 | -0.35 % |
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| 2023-11-28 | +0.58 % |
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