Wesbanco Bank Increases Investment in PPG Industries, in 2023.
March 29, 2023
Trending News 🌥️
In 2023, Wesbanco Bank Inc. significantly increased its stake in PPG ($NYSE:PPG) Industries, Inc. PPG Industries is a global supplier of paints, coatings and specialty materials for industrial, construction, automotive and other markets. Following the investment, Wesbanco Bank Inc. holds a substantial position in PPG Industries, Inc. and has become one of the largest shareholders in the company. The investment from Wesbanco Bank Inc. was seen as a sign of confidence in PPG Industries, Inc., as it has been making steady progress over the last few years. The company has been investing heavily in research and development to develop innovative solutions that enable their customers to make more efficient use of their resources.
Additionally, they have been expanding their global presence to reach a larger customer base and better serve their customers in different markets. The increased investment from Wesbanco Bank Inc. will help PPG Industries, Inc. to accelerate their growth as they seek to expand their operations and increase their market share. The additional capital will provide the company with the resources to invest in new technologies and develop better products and services to meet the changing needs of their customers. This increased investment is also expected to create more job opportunities and help the local economy. It is expected to benefit both companies as they look to capitalize on market opportunities and further strengthen their position in the industry.
Share Price
On Monday, PPG Industries, Inc. saw a 0.4% increase in its stock price when the day’s trading opened at $127.1 and ended at $126.0. This was a slight increase from the previous closing price of $125.4. This increase came as Wesbanco Bank Inc. announced that it had increased its investment in PPG Industries, Inc. for the 2023 trading year.
The move has been seen as a sign of confidence in the company and its performance, with Wesbanco Bank Inc. looking to capitalize on the potential growth of the company. This move could signal a positive outlook for PPG Industries as it looks to continue to build upon its success in the upcoming year. 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 |
| 17.65k | 1.03k | 7.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ppg Industries. More…
| Operations | Investing | Financing |
| 963 | -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 |
| 5.2% | -4.2% | 8.8% |
| FCF Margin | ROE | ROA |
| 2.5% | 15.3% | 4.7% |
Analysis
At GoodWhale, we conducted a thorough analysis of PPG INDUSTRIES to assess its wellbeing. Based on our Risk Rating system, we determined that PPG INDUSTRIES is a medium risk investment in terms of financial and business aspects. We detected one risk warning in the balance sheet which potential investors should take note of. To access this warning, register with us now and we will provide you with more detailed information. 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 2023, Wesbanco Bank Inc. increased their investment in PPG Industries, Inc., a leading global supplier of paints, coatings, and specialty materials. Through a comprehensive analysis, the bank identified PPG as a worthwhile long-term investment opportunity. By investing in PPG, Wesbanco hopes to benefit from the company’s strong financial performance and its wide range of products.
Additionally, PPG’s strong presence in emerging markets and its focus on innovation are expected to drive future growth. Wesbanco is confident that PPG is well-positioned for long-term success and will provide them with a solid return on their investment.
