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With 86% Ownership, PPG Industries, Inc. (NYSE:PPG) Boasts of Strong Institutional Backing

With 86% Ownership, PPG Industries, Inc. (NYSE:PPG) Boasts of Strong Institutional Backing

憑藉86%的持股比例,PPG Industries,Inc.(紐交所:PPG)擁有強大的機構支持
Simply Wall St ·  10/31 20:26

Key Insights

主要見解

  • Given the large stake in the stock by institutions, PPG Industries' stock price might be vulnerable to their trading decisions
  • 51% of the business is held by the top 16 shareholders
  • Using data from analyst forecasts alongside ownership research, one can better assess the future performance of a company
  • 考慮到機構在股票中所佔的大比例,ppg工業的股票價格可能會受到他們交易決策的影響
  • 前十六大股東持有該公司51%的股權。
  • 通過分析師預測數據和所有權研究,您可以更好地評估公司未來的業績。

If you want to know who really controls PPG Industries, Inc. (NYSE:PPG), then you'll have to look at the makeup of its share registry. With 86% stake, institutions possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

如果你想知道誰真正控制着ppg工業公司(紐交所:PPG),那麼你必須看看其股權登記簿的構成。 以86%的持股比例,機構在公司中擁有最大的股份。 也就是說,如果股票上漲,該集團將獲益最大(或者在出現下跌時損失最大)。

Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait.

由於他們擁有的巨額資金和研究能力,機構所有權往往具有很大的影響力,特別是對於個人投資者來說。因此,擁有大量機構資金投資於公司往往被認爲是一種令人嚮往的品質。

Let's delve deeper into each type of owner of PPG Industries, beginning with the chart below.

讓我們深入研究ppg工業每種所有者類型,從下面的圖表開始。

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NYSE:PPG Ownership Breakdown October 31st 2024
紐交所:ppg工業所有權結構拆分2024年10月31日

What Does The Institutional Ownership Tell Us About PPG Industries?

機構持股告訴我們有關ppg工業的什麼?

Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

機構投資者通常將自己的回報與常見的指數回報進行比較。因此,他們通常會考慮購買包括在相關基準指數中的較大公司。

As you can see, institutional investors have a fair amount of stake in PPG Industries. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see PPG Industries' historic earnings and revenue below, but keep in mind there's always more to the story.

正如您所見,機構投資者在ppg工業中擁有相當數量的股份。這意味着爲這些機構工作的分析師已經查看過這隻股票,他們對其感興趣。但就像其他任何人一樣,他們也可能是錯誤的。當多家機構持有一隻股票時,總會存在一種風險,即它們是在一個'擁擠的交易'中。當這樣的交易出現問題時,多方可能競相快速出售股票。在沒有增長曆史的公司中,這種風險更高。您可以看到ppg工業的歷史收益和營收,但請記住故事總是更復雜的。

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NYSE:PPG Earnings and Revenue Growth October 31st 2024
紐約證券交易所:PPG工業2024年10月31日的收益和營業收入增長

Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. PPG Industries is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is The Vanguard Group, Inc. with 12% of shares outstanding. In comparison, the second and third largest shareholders hold about 8.9% and 5.1% of the stock.

由於機構投資者擁有超過一半的已發行股票,董事會很可能需要關注他們的偏好。PPG工業不是對沖基金擁有的。從我們的數據來看,最大的股東是The Vanguard Group,Inc.,持有12%的股份。相比之下,第二和第三大股東持有大約8.9%和5.1%的股票。

After doing some more digging, we found that the top 16 have the combined ownership of 51% in the company, suggesting that no single shareholder has significant control over the company.

經過更深入的挖掘,我們發現前16名股東在該公司的擁有權佔比爲51%,這意味着沒有單一股東對公司擁有重大控制權。

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.

研究機構所有權是衡量和過濾股票預期表現的好方法。通過研究分析師的情緒也可以實現同樣的目的。由於有相當數量的分析師涵蓋這支股票,因此了解他們對未來的整體看法可能會有所幫助。

Insider Ownership Of PPG Industries

PPG工業的內部所有權

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

雖然「內部人士」的明確定義具有主觀性,但幾乎所有人都認爲董事會成員是內部人士。公司管理業務,但首席執行官即使是董事會成員,也要向董事會負責。

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

大多數人認爲內部所有權是積極的,因爲它可以表示董事會與其他股東的利益相一致。但是,在某些場合下,這個團體的權力過於集中。

Our information suggests that PPG Industries, Inc. insiders own under 1% of the company. It is a very large company, so it would be surprising to see insiders own a large proportion of the company. Though their holding amounts to less than 1%, we can see that board members collectively own US$65m worth of shares (at current prices). Arguably recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling.

我們的信息表明,ppg工業公司的內部持有不到1%的股份。這是一家非常大的公司,因此如果內部持有公司的大比例會令人驚訝。儘管他們的持股不到1%,我們可以看到董事會成員共同擁有價值6500萬美元的股份(以當前價格計算)。可以說,最近的買賣情況同樣重要。您可以點擊這裏查看內部人員是否一直在買入或賣出。

General Public Ownership

一般大衆所有權

The general public-- including retail investors -- own 14% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.

一般公衆,包括散戶投資者,擁有該公司14%的股份,因此不能輕易忽視。儘管這種所有權的規模可能不足以在他們的利益方面影響政策決策,但他們仍然可以對公司政策產生集體影響。

Next Steps:

下一步:

It's always worth thinking about the different groups who own shares in a company. But to understand PPG Industries better, we need to consider many other factors. Case in point: We've spotted 1 warning sign for PPG Industries you should be aware of.

考慮到公司的股東,總是值得思考的。但要更好地了解ppg工業,我們需要考慮許多其他因素。說到這一點:我們發現 ppg工業 存在 1個警告信號,您應該知道。

If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

如果您像我一樣,可能希望考慮這家公司是否會增長或縮小。幸運的是,您可以查看此免費報告,顯示分析師對其未來的預測。

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

注:本文中的數據是使用最後一個財務報表日期結束的爲期12個月的數據計算的。這可能與全年年度報告數據不一致。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。

譯文內容由第三人軟體翻譯。


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