First Hawaiian Bank Reduces Stake in PPG Industries
December 23, 2023
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PPG ($NYSE:PPG) Industries is a global supplier of paints, coatings, optical products, specialty materials, and glass. Their products are used in a variety of industries, including automotive, aerospace, construction, marine, and wood finishing. Despite this reduction in holdings, the bank still holds a significant amount of PPG Industries stock. As investors continue to monitor the performance of the company, it will be interesting to see if other investors follow suit and reduce their holdings in the company as well.
Stock Price
On Friday, PPG Industries, Inc. stock opened at $148.1 and closed at $148.8, a slight 0.7% increase from its previous closing price of $147.8. The sale was disclosed in a legal filing with the SEC (Securities and Exchange Commission). Though First Hawaiian Bank has decreased its stake in the company, PPG Industries’ stock has seen an uptick over the past few weeks. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ppg Industries. More…
| Total Revenues | Net Income | Net Margin |
| 18.08k | 1.42k | 8.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ppg Industries. More…
| Operations | Investing | Financing |
| 2.1k | -614 | -1.36k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ppg Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 21.5k | 13.57k | 32.87 |
Key Ratios Snapshot
Some of the financial key ratios for Ppg Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.6% | 6.0% | 11.7% |
| FCF Margin | ROE | ROA |
| 8.7% | 17.2% | 6.2% |
Analysis
At GoodWhale, we analyze the financials of PPG INDUSTRIES using our report. Our Star Chart shows that PPG INDUSTRIES has a high health score of 9/10 with regard to its cashflows and debt, demonstrating its capability to pay off debt and fund future operations. Our report also reveals that PPG INDUSTRIES is strong in dividend, profitability, and medium in asset and growth. We classify PPG INDUSTRIES as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Investors seeking a company with a strong dividend yield, good profitability and moderate growth rate will find PPG INDUSTRIES as an attractive investment opportunity. Moreover, the company’s high cash flow health score indicates that it has the financial resources to successfully pursue its future projects. More…
Peers
PPG Industries Inc and its competitors Trinseo PLC, LyondellBasell Industries NV, Covestro AG are all engaged in a fierce competition to be the leading chemical company globally. All four companies have their own unique strengths and weaknesses, and each is trying to gain an edge over the others. The competition between these companies is expected to heat up even further in the coming years.
– Trinseo PLC ($NYSE:TSE)
Trinseo PLC is a global materials company with a market cap of 630.21M as of 2022. The company has a strong focus on sustainability and is committed to being a force for good in the world. Trinseo’s products are used in a wide variety of applications, including automotive, consumer electronics, and construction. The company has a strong focus on research and development, and is constantly innovating to bring new and better products to market. Trinseo’s return on equity is 20.36%.
– LyondellBasell Industries NV ($NYSE:LYB)
LyondellBasell Industries NV is a Netherlands-based company engaged in the production of chemicals and polymers. The Company’s product portfolio includes olefins and polyolefins, and a range of derived products. LyondellBasell Industries NV, through its subsidiaries, operates in Europe, the United States, Asia Pacific, the Middle East and Africa.
– Covestro AG ($OTCPK:COVTY)
Covestro AG is a world-leading producer of high-performance polymers. The company’s innovative and sustainable products are used in a wide range of industries, from construction and electronics to sports and leisure. Covestro is headquartered in Leverkusen, Germany, and has around 16,800 employees worldwide. The company’s market cap is 6.67B as of 2022, and it has a return on equity of 14.83%. Covestro is a publicly traded company on the Frankfurt Stock Exchange.
Summary
PPG Industries, Inc. (PPG) is a global provider of paints, coatings and specialty materials. The investment analysis of this company is largely positive, with PPG Industries’ stock trend rising and outperforming the market performance. The company has a strong balance sheet with solid cash flow, ample liquidity, and a manageable debt-to-equity ratio. With these positives, it is likely that PPG Industries will continue to perform well and be a strong investment option.
