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PPG

PPG

$104.35

-2.49 (-2.33%)

10:25
07/19/18
07/19
10:25
07/19/18
10:25

PPG directors approve 7% dividend increase to 48c per share

The board of directors of PPG approved a 3c per share increase in the company's dividend, declaring a regular quarterly dividend of 48c per share, payable Sept. 12 to shareholders of record Aug. 10. "This 7% increase in our per-share quarterly dividend is a reflection of the strong cash generation of our business portfolio and reaffirms our commitment to reward our shareholders with sustainable dividend increases," said Vince Morales, PPG SVP and CFO.

  • 19

    Jul

PPG PPG
$104.35

-2.49 (-2.33%)

07/05/18
LBOW
07/05/18
NO CHANGE
LBOW
Buy
U.S. paint demand seeing modest deceleration in Q2, says Longbow
Longbow analyst Dmitry Silversteyn said his checks indicate that the domestic paint market is seeing a modest deceleration in demand to low-single digit levels in Q2, which may make it more difficult for PPG (PPG) and Sherwin-Williams (SHW) to beat expectations. However, Silversteyn maintains Buy ratings on both PPG and Sherwin-Williams shares.
05/17/18
BMOC
05/17/18
NO CHANGE
Target $116
BMOC
Market Perform
PPG price target lowered to $116 from $123 at BMO Capital
BMO Capital analyst John McNulty lowered his price target on PPG to $116 and also lowered his FY18 EPS view to $6.37 from $6.39, citing the impact of higher raw material inflation due to higher crude-linked inputs. The analyst also keeps his Market Perform rating, but says his recent visit to a PPG Coatings Services facility gave him a better understanding of the opportunity for the company's Services business, which the analyst believes can grow market share and scale.
05/16/18
05/16/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. 3M (MMM) downgraded to Hold from Buy at Jefferies with analyst Laurence Alexander saying he sees less room for multiple expansion in a rising interest rate environment and feels the risk/reward "looks increasingly challenging at this point." 2. Vipshop (VIPS) downgraded to Sector Weight from Overweight at KeyBanc with analyst Hans Chung saying he sees uncertainties around Tencent (TCEHY) and JD.com (JD) contributions ahead, which drove high expectations for the top-line growth and multiple expansion, and sees margin pressure likely to continue driven by sector competition and the company's hike in marketing expenses to grow new customer organically. 3. PPG (PPG) downgraded to Hold from Buy at Jefferies with analyst Laurence Alexander saying persistent concerns over pricing lagging higher oil-derived raw material costs, end market risk and the reliance on buybacks to protect earnings growth could "easily" move PPG's relative multiple to 10%-15% below the market over the next two years. 4. BT Group (BT) downgraded to Market Perform from Outperform at Bernstein. 5. F5 Networks (FFIV) downgraded to Neutral from Buy at DA Davidson with analyst Mark Kelleher saying the positive factors working in the company's favor, such as its ongoing new iSeries product cycle, high gross margins, strong cash flows, and the application of it security solutions have become increasingly more evident after its last earnings report and have since been reflected in the valuation on the stock. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/16/18
SBSH
05/16/18
NO CHANGE
SBSH
Citi calls Axalta, Celanese top takeout candidates in Chemicals
While takeovers in the Chemicals space could slow after unprecedented consolidation in 2015-2017, Axalta Coating (AXTA) and Celanese (CE) represent the top buyout candidates in the U.S., Citi P.J. Juvekar tells investors in a research note. Top potential acquirers include Air Products (APD), PPG (PPG) and Albemarle (ALB), the analyst adds.

TODAY'S FREE FLY STORIES

JCOM

j2 Global

$87.23

0.75 (0.87%)

18:25
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j2 Global CFO sells 5.6K shares of common stock »

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NVS

Novartis

$82.38

0.36 (0.44%)

18:24
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Hot Stocks
Novartis CEO: We are entering an exciting growth phase for the company »

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EADSY

Airbus

$0.00

(0.00%)

18:20
05/21/19
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18:20
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18:20
Periodicals
Airbus in talks to find resolution to German arms export row, Reuters says »

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AGRO

Adecogro

$6.50

0.07 (1.09%)

18:19
05/21/19
05/21
18:19
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18:19
Earnings
Adecogro reports Q1 adjusted EBITDA $58.3M, down 5.9% from last year »

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GOOG

Alphabet

$1,149.14

10.81 (0.95%)

, GOOGL

Alphabet Class A

$1,154.26

8.98 (0.78%)

18:01
05/21/19
05/21
18:01
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18:01
Hot Stocks
Google updates policy on abortion-related ads »

Google said in a post…

GOOG

Alphabet

$1,149.14

10.81 (0.95%)

GOOGL

Alphabet Class A

$1,154.26

8.98 (0.78%)

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HAIN

Hain Celestial

$23.90

0.45 (1.92%)

17:50
05/21/19
05/21
17:50
05/21/19
17:50
Hot Stocks
Engaged Capital raises stake in Hain Celestial to 20.2% from 18.3% »

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NTDOY

Nintendo

$0.00

(0.00%)

17:48
05/21/19
05/21
17:48
05/21/19
17:48
Hot Stocks
Nintendo to end 'Animal Crossing,' 'Fire Emblem' mobile game service in Belgium »

Nintendo announced that,…

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URBN

Urban Outfitters

$27.01

0.05 (0.19%)

17:44
05/21/19
05/21
17:44
05/21/19
17:44
Hot Stocks
Urban Outfitters sees Q2 URBN retail SSS in low single-digit negative range »

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GLD

SPDR Gold Shares

$120.34

-0.31 (-0.26%)

17:42
05/21/19
05/21
17:42
05/21/19
17:42
Hot Stocks
SPDR Gold Shares holdings rise to 739.69MT from 736.17MT »

This is the highest level…

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ASCMA

Ascent Capital

$0.91

0.0502 (5.87%)

17:38
05/21/19
05/21
17:38
05/21/19
17:38
Hot Stocks
Ascent Capital and Monitronics International announce restructuring support pact »

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TRS

TriMas

$30.33

0.39 (1.30%)

17:33
05/21/19
05/21
17:33
05/21/19
17:33
Hot Stocks
TriMas VP Joshua Sherbin sells over $646K in company shares »

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SUNW

Sunworks

$0.71

-0.1024 (-12.65%)

17:33
05/21/19
05/21
17:33
05/21/19
17:33
Syndicate
Breaking Syndicate news story on Sunworks »

Sunworks files $50M mixed…

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LFUS

Littelfuse

$170.78

1.7 (1.01%)

, SMTC

Semtech

$44.74

0.36 (0.81%)

17:32
05/21/19
05/21
17:32
05/21/19
17:32
Initiation
Littelfuse, Semtech, CTS Corporation, Vishay initiated  »

Cowen initiates discrete…

LFUS

Littelfuse

$170.78

1.7 (1.01%)

SMTC

Semtech

$44.74

0.36 (0.81%)

CTS

CTS Corporation

$27.91

0.33 (1.20%)

VSH

Vishay

$16.43

0.37 (2.30%)

03/08/13
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GVA

Granite Construction

$41.46

0.5 (1.22%)

17:31
05/21/19
05/21
17:31
05/21/19
17:31
Hot Stocks
Granite Construction awarded $505M high speed rail contract »

Granite announced it has…

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  • 06

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OMC

Omnicom

$80.09

0.69 (0.87%)

17:30
05/21/19
05/21
17:30
05/21/19
17:30
Syndicate
Breaking Syndicate news story on Omnicom »

Omnicom files automatic…

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TTEC

TTEC Holdings

$38.68

0.51 (1.34%)

17:26
05/21/19
05/21
17:26
05/21/19
17:26
Hot Stocks
TTEC Holdings EVP DeGhetto sells 35K shares of common stock »

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TDW

Tidewater

$24.80

0.31 (1.27%)

17:25
05/21/19
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Hot Stocks
Tidewater director Dick Fagerstal purchases almost $107K shares of company stock »

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  • 21

    May

PTCT

PTC Therapeutics

$40.07

2.67 (7.14%)

17:16
05/21/19
05/21
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17:16
Hot Stocks
Point72 Asset Management takes 5.0% passive stake in PTC Therapeutics »

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DRIO

DarioHealth

$0.72

-0.0095 (-1.30%)

17:10
05/21/19
05/21
17:10
05/21/19
17:10
Syndicate
DarioHealth files to sell common stock, no amount given »

Craig-Hallum Capital…

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RL

Ralph Lauren

$113.97

2.08 (1.86%)

, PVH

PVH Corp.

$108.53

2.5075 (2.37%)

17:09
05/21/19
05/21
17:09
05/21/19
17:09
Hot Stocks
PVH Corp. appoints former Ralph Lauren CEO Stefan Larsson to president »

PVH Corp. announced the…

RL

Ralph Lauren

$113.97

2.08 (1.86%)

PVH

PVH Corp.

$108.53

2.5075 (2.37%)

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RICK

RCI Hospitality

$18.91

-0.04 (-0.21%)

17:07
05/21/19
05/21
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17:07
Hot Stocks
RCI Hospitality receives Nasdaq noncompliance notice »

RCI Hospitality Holdings,…

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LPLA

LPL Financial

$83.85

2.06 (2.52%)

17:03
05/21/19
05/21
17:03
05/21/19
17:03
Hot Stocks
LPL Financial to acquire Allen & Company »

LPL Financial announced…

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  • 22

    May

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$286.50

2.55 (0.90%)

17:01
05/21/19
05/21
17:01
05/21/19
17:01
General news
House Judiciary Committee subpoenas Hope Hicks, Annie Donaldson, CNN says »

According to CNN's …

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$286.50

2.55 (0.90%)

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CAH

Cardinal Health

$46.90

0.91 (1.98%)

16:53
05/21/19
05/21
16:53
05/21/19
16:53
Conference/Events
Morgan Stanley healthcare tech analyst to hold analyst/industry conference call »

Healthcare Technology and…

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GOOG

Alphabet

$1,149.14

10.81 (0.95%)

, GOOGL

Alphabet Class A

$1,154.26

8.98 (0.78%)

16:48
05/21/19
05/21
16:48
05/21/19
16:48
On The Fly
Fly Intel: Wall Street's top stories for Tuesday »

Semiconductor makers…

GOOG

Alphabet

$1,149.14

10.81 (0.95%)

GOOGL

Alphabet Class A

$1,154.26

8.98 (0.78%)

MSFT

Microsoft

$126.90

0.71 (0.56%)

HD

Home Depot

$191.41

0.54 (0.28%)

KSS

Kohl's

$55.15

-7.805 (-12.40%)

JCP

J.C. Penney

$1.06

-0.09 (-7.83%)

CR

Crane

$84.09

-0.8 (-0.94%)

CIR

Circor

$43.09

12.45 (40.63%)

AAPL

Apple

$186.58

3.52 (1.92%)

INTC

Intel

$44.46

0.88 (2.02%)

ARWR

Arrowhead

$21.33

2.39 (12.62%)

ARRY

Array BioPharma

$25.75

4.8 (22.91%)

BCRX

BioCryst

$3.48

-3.92 (-52.97%)

MNK

Mallinckrodt

$9.87

-3.15 (-24.19%)

03/08/13
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