Rodgers Brothers Reduces Stake in PPG Industries,
June 15, 2023
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PPG ($NYSE:PPG) Industries, Inc. is a leading global paint and coatings company with a broad portfolio of recognized brands and technologies to serve a range of industries. Recently, Rodgers Brothers Inc. reduced its stake in PPG Industries, Inc. This reduction was significant enough to cause a drop in the company’s share price.
However, the company remains strong and has continued to invest in its operations and expand its presence in markets around the world. PPG Industries, Inc. is committed to providing quality products and services to its customers, and investors should remain confident in the company’s long-term prospects. The recent reduction in stake by Rodgers Brothers Inc. may create some short-term volatility in the stock price, but investors should remain focused on the company’s long-term strategies for growth and success.
Stock Price
On Tuesday, PPG Industries, Inc. experienced a minor increase in stock value when the stock opened at $140.0 and closed at $141.3, up by 1.0% from its prior closing price of $140.0. This minor increase in stock value comes after Rodgers Brothers Inc. announced that it had reduced its stake in the company. This announcement signals a shift in the company’s long-term investments as Rodgers Brothers Inc. reduces its stake in the company. It remains to be seen how this change in Rodgers Brothers Inc.’s strategy will impact PPG Industries, Inc. in the short and long term. 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 |
| 17.72k | 1.27k | 7.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ppg Industries. More…
| Operations | Investing | Financing |
| 1.35k | -461 | -409 |
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 |
| 20.74k | 14.04k | 25.67 |
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 |
| 6.0% | -2.6% | 10.4% |
| FCF Margin | ROE | ROA |
| 5.8% | 17.6% | 5.6% |
Analysis
We at GoodWhale conducted an analysis of PPG INDUSTRIES‘s wellbeing, and according to our Star Chart, the company is strong in dividend and profitability, but weak in asset and growth. Based on this, we classify PPG INDUSTRIES as a ‘rhino’, which we consider to be a company that has achieved moderate revenue or earnings growth. We think that investors interested in stable companies with low risk would be interested in PPG INDUSTRIES. Our analysis showed that the company has a high health score of 9/10 with regards to its cashflows and debt, indicating that it is capable of paying off its debt and funding future operations. All of these factors make PPG INDUSTRIES a relatively safe option for investors looking for a stable investment. 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
In recent investing analysis, Rodgers Brothers Inc. has decreased its position in PPG Industries, Inc. This could potentially indicate a shift in the investor sentiment towards the company. Analysts have been looking at recent financials closely, with a particular focus on sales and revenue growth. They are also analyzing the company’s competitive position in the industry, with an eye on their ability to maintain market share and profitability. Investors should continue to monitor the company’s financials and industry developments carefully to make informed investing decisions.
