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S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
NYSE:PPG

PPG Industries (PPG) Stock Price, News & Analysis

$130.90
-4.21 (-3.12%)
(As of 04/19/2024 ET)
Today's Range
$129.55
$134.65
50-Day Range
$130.92
$144.90
52-Week Range
$120.32
$152.89
Volume
4.64 million shs
Average Volume
1.36 million shs
Market Capitalization
$30.81 billion
P/E Ratio
22.11
Dividend Yield
1.99%
Price Target
$158.00

PPG Industries MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
20.7% Upside
$158.00 Price Target
Short Interest
Healthy
1.77% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.18
Upright™ Environmental Score
News Sentiment
0.38mentions of PPG Industries in the last 14 days
Based on 33 Articles This Week
Insider Trading
Selling Shares
$479,196 Sold Last Quarter
Proj. Earnings Growth
10.28%
From $8.46 to $9.33 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.60 out of 5 stars

Basic Materials Sector

10th out of 174 stocks

Paints & Allied Products Industry

1st out of 4 stocks

PPG stock logo

About PPG Industries Stock (NYSE:PPG)

PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft. The Industrial Coatings segment offers coatings, adhesives and sealants, and metal pretreatments, as well as services and coatings applications for appliances, agricultural and construction equipment, consumer electronics, automotive parts and accessories, building products, kitchenware, and transportation vehicles and other finished products; and on-site coatings services. It also provides coatings for metal cans, closures, plastic and aluminum tubes for food, beverage and personal care, promotional, and specialty packaging; amorphous precipitated silica for tire, battery separator, and other end-uses; TESLIN substrates for labels, e-passports, drivers' licenses, breathable membranes, and loyalty and identification cards; and organic light emitting diode materials, displays and lighting lens materials, optical lenses, color-change products, and photochromic dyes. PPG Industries, Inc. was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania.

PPG Stock Price History

PPG Stock News Headlines

American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/18/2024
Stocks that are trading heavily or have substantial price changes on Friday: American Express, Fifth Third rise; Netflix, PPG Industries fall
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Q1 2024 PPG Industries Inc Earnings Call
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
PPG reports first quarter 2024 financial results
PPG Place in Downtown Pittsburgh turns 40
PPG Industries (PPG) to Release Earnings on Thursday
See More Headlines
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Company Calendar

Ex-Dividend for 3/12 Dividend
2/15/2024
Dividend Payable
3/12/2024
Last Earnings
4/18/2024
Today
4/20/2024
Ex-Dividend for 6/12 Dividend
5/09/2024
Dividend Payable
6/12/2024
Next Earnings (Estimated)
7/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Paints & allied products
Sub-Industry
Diversified Chemicals
CUSIP
69350610
Employees
53,000
Year Founded
1883

Price Target and Rating

Average Stock Price Target
$158.00
High Stock Price Target
$170.00
Low Stock Price Target
$140.00
Potential Upside/Downside
+20.7%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
14 Analysts

Profitability

Net Income
$1.27 billion
Pretax Margin
9.58%

Debt

Sales & Book Value

Annual Sales
$18.25 billion
Cash Flow
$9.78 per share
Book Value
$34.03 per share

Miscellaneous

Free Float
234,067,000
Market Cap
$30.81 billion
Optionable
Optionable
Beta
1.28

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Key Executives

Should I Buy PPG Industries Stock? PPG Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in PPG Industries, Inc.:

  • PPG Industries operates in multiple regions globally, providing geographic diversification which can help mitigate risks associated with regional economic downturns.
  • The company's focus on innovation and advanced technologies in coatings and materials positions it well to capitalize on emerging trends and stay competitive in the market.
  • PPG Industries' strong presence in various industries such as automotive, aerospace, and construction indicates a diversified revenue stream, reducing dependency on a single sector.
  • Recent financial reports show consistent revenue growth and profitability, reflecting a stable financial performance that may attract investors seeking reliable returns.
  • With a current stock price that has shown resilience and potential for growth, investors may find PPG Industries' stock appealing for potential capital appreciation.

Cons

Investors should be bearish about investing in PPG Industries, Inc. for these reasons:

  • Fluctuations in raw material prices, such as chemicals and metals, could impact PPG Industries' production costs and margins, potentially affecting its financial performance.
  • The competitive landscape in the paints and coatings industry is intense, with the presence of major players, which may pose challenges for PPG Industries in terms of market share and pricing strategies.
  • Economic uncertainties and global trade tensions could influence demand for PPG Industries' products, leading to fluctuations in sales volumes and revenue.
  • Environmental regulations and sustainability concerns may require increased investments in eco-friendly products and processes, potentially adding operational costs for PPG Industries.
  • Market volatility and macroeconomic factors could impact investor sentiment towards the stock, causing fluctuations in PPG Industries' share price despite its strong fundamentals.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these PPG Industries pros and cons to contact@marketbeat.com.

PPG Stock Analysis - Frequently Asked Questions

Should I buy or sell PPG Industries stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PPG Industries in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PPG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PPG, but not buy additional shares or sell existing shares.
View PPG analyst ratings
or view top-rated stocks.

What is PPG Industries' stock price target for 2024?

14 equities research analysts have issued twelve-month target prices for PPG Industries' shares. Their PPG share price targets range from $140.00 to $170.00. On average, they predict the company's stock price to reach $158.00 in the next twelve months. This suggests a possible upside of 20.7% from the stock's current price.
View analysts price targets for PPG
or view top-rated stocks among Wall Street analysts.

How have PPG shares performed in 2024?

PPG Industries' stock was trading at $149.55 at the start of the year. Since then, PPG stock has decreased by 12.5% and is now trading at $130.90.
View the best growth stocks for 2024 here
.

When is PPG Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 18th 2024.
View our PPG earnings forecast
.

How were PPG Industries' earnings last quarter?

PPG Industries, Inc. (NYSE:PPG) announced its quarterly earnings results on Friday, April, 19th. The specialty chemicals company reported $1.86 earnings per share for the quarter, hitting the consensus estimate of $1.86. The specialty chemicals company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.43 billion. PPG Industries had a net margin of 7.74% and a trailing twelve-month return on equity of 23.13%. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.82 earnings per share.
Read the conference call transcript
.

How often does PPG Industries pay dividends? What is the dividend yield for PPG Industries?

PPG Industries declared a quarterly dividend on Thursday, April 18th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.65 per share on Wednesday, June 12th. This represents a $2.60 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, May 9th.
Read our dividend analysis for PPG
.

Is PPG Industries a good dividend stock?

PPG Industries (NYSE:PPG) pays an annual dividend of $2.60 per share and currently has a dividend yield of 1.92%. The company has been increasing its dividend for 53 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 43.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PPG will have a dividend payout ratio of 27.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PPG.

What guidance has PPG Industries issued on next quarter's earnings?

PPG Industries issued an update on its second quarter 2024 earnings guidance on Thursday, April, 18th. The company provided earnings per share guidance of 2.420-2.520 for the period, compared to the consensus EPS estimate of 2.550. The company issued revenue guidance of -.

What is Michael H. McGarry's approval rating as PPG Industries' CEO?

337 employees have rated PPG Industries Chief Executive Officer Michael H. McGarry on Glassdoor.com. Michael H. McGarry has an approval rating of 65% among the company's employees.

What other stocks do shareholders of PPG Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other PPG Industries investors own include Johnson & Johnson (JNJ), AT&T (T), Coca-Cola (KO), AbbVie (ABBV), Home Depot (HD), Procter & Gamble (PG), Intel (INTC), Walt Disney (DIS), Chevron (CVX) and JPMorgan Chase & Co. (JPM).

Who are PPG Industries' major shareholders?

PPG Industries' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.27%), Ferguson Wellman Capital Management Inc. (0.12%), Pensioenfonds Rail & OV (0.11%), MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH (0.09%), Meyer Handelman Co. (0.08%) and Mather Group LLC. (0.04%). Insiders that own company stock include Anne M Foulkes, Michael H Mcgarry, Rebecca B Liebert, Timothy M Knavish, Vadlamannati Ramaprasad and Vincent J Morales.
View institutional ownership trends
.

How do I buy shares of PPG Industries?

Shares of PPG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does PPG Industries have any subsidiaries?
The following companies are subsidiares of PPG Industries: AIPCF V Texstars Blocker Inc., AkzoNobel, Alpha Coating Technologies LLC, Alpha Coatings Inc., Broad Range Development Limited, CG Holdings Manufacturing Co., Centro de Investigación en Polímeros S.A. de C.V., Chemfil Canada Limited, Chorlton Trade Paints Limited, Comercial Mexicana de Pinturas S.A. de C.V., Comex, Comex Industrial Coatings S.A. de C.V., Consorcio Comex S.A. de C.V., Cristacol S.A., Cuming Microwave Corporation, Deutek SA, Dexmet Corporation, Dexmet Holding Corporation, Distribuidora Kroma S.A. de C.V., EPIC Insurance Co. Ltd., Eberle Design Inc., Empresa Aga S.A. de C.V., Ennis Canadian Holding Company, Ennis Paint Canada ULC, Ennis Paint Netherlands Holdings LLC, Ennis Paint U.K. Holding Company Limited, Ennis Traffic Safety Solutions Pty Ltd, Ennis-Flint, Ennis-Flint Inc., Foshan Bairun Chemicals Co. Ltd., Fpu Industrial S.A. de C.V., Grupo Comex S.A. de C.V., Hemmelrath Automotive Coatings (Jilin) Co. Ltd., Hemmelrath International Trade (Shanghai) Co. Ltd., Hodij Coatings B.V., Homax Products, Industria Chimica Reggiana I.C.R. SPA, Johnstone’s Paints Limited, Kalon Investment Company Limited, Kalon South Africa Proprietary Limited, Karl Woerwag Lack-und Farbenfabrik GmbH & Co. KG, Masterwork Paint, MetoKote Corporation, MetoKote Mexico Holdings Inc., MetoKote UK Limited, MetoKote de Mexico S. de RL de CV, Milamar Coatings LLC, OOO Tikkurila, PPG A P Resinas S.A. de C.V., PPG AC - France SA, PPG ALESCO Automotive Finishes Mexico S. de R.L. de C.V., PPG Aerospace Materials (Suzhou) Co. Ltd., PPG Architectural Coatings (Puerto Rico) Inc., PPG Architectural Coatings Canada Inc./PPG Revêtements Architecturaux Canada Inc., PPG Architectural Coatings Ireland Limited, PPG Architectural Coatings Italy S.r.l, PPG Architectural Coatings UK Limited, PPG Architectural Finishes Inc., PPG Asian Paints Private Ltd., PPG Business Services S.A. de C.V., PPG COATINGS SINGAPORE PTE. LTD., PPG Canada Inc., PPG Cetelon Lackfabrik GmbH, PPG Cieszyn S.A., PPG Coatings (Hong Kong) Co. Limited, PPG Coatings (Kunshan) Co. Ltd., PPG Coatings (Malaysia) Sdn. Bhd., PPG Coatings (Shanghai) Co. Ltd., PPG Coatings (Thailand) Co. Ltd., PPG Coatings (Tianjin) Co. Ltd., PPG Coatings (Wuhu) Company Ltd., PPG Coatings (Zhangjiagang) Co. Ltd., PPG Coatings B.V., PPG Coatings Belgium BV, PPG Coatings Danmark A/S, PPG Coatings Deutschland GmbH, PPG Coatings Europe B.V., PPG Coatings Nederland BV, PPG Coatings S.A., PPG Coatings South Africa (Pty) Ltd., PPG DYRUP S.A., PPG Deco Czech a.s., PPG Deco Polska sp. z.o.o., PPG Deco Slovakia s.r.o., PPG Deutschland Business Support GmbH, PPG Deutschland Sales & Services GmbH, PPG Distribution S.A.S., PPG Europe B.V., PPG Finance B.V., PPG Finland Oy, PPG France Business Support S.A.S., PPG France Manufacturing S.A.S., PPG Guadeloupe SAS, PPG Hemmelrath Lackfabrik GmbH, PPG Holdco SAS, PPG Holdings (U.K.) Limited, PPG Holdings Argentina USA LLC, PPG Holdings Latin America USA LLC, PPG Ibérica S.A., PPG Ibérica Sales & Services S.L., PPG Industrial Coatings B.V., PPG Industrial do Brasil - Tintas E. Vernizes - Ltda., PPG Industries (Korea) Ltd., PPG Industries (Singapore) Pte. Ltd., PPG Industries (UK) Ltd, PPG Industries Argentina S.R.L., PPG Industries Australia PTY Limited A.C.N. 055 500 939, PPG Industries Colombia Ltda., PPG Industries Delfzijl B.V., PPG Industries Europe Sàrl, PPG Industries France S.A.S., PPG Industries International Inc., PPG Industries Italia S.r.l., PPG Industries Kimya a Sanayi VE Ticaret AS, PPG Industries LLC, PPG Industries Lackfabrik GmbH, PPG Industries Lipetsk LLC, PPG Industries Middle East FZE, PPG Industries Netherlands B.V., PPG Industries New Zealand Limited, PPG Industries Ohio Inc., PPG Industries Poland Sp. Z.o.o., PPG Industries Securities LLC, PPG Industries de Mexico S.A. de C.V., PPG Investment (Singapore) Pte. Ltd., PPG Italia Business Support S.r.l., PPG Italia Sales & Services S.r.l., PPG Japan Ltd., PPG Kansai Automotive Finishes Canada LP, PPG Kansai Automotive Finishes U.K. LLP, PPG Kansai Automotive Finishes U.S. LLC, PPG Luxembourg Finance S.àR.L., PPG Luxembourg Holdings S.àR.L., PPG Management (Shanghai) Co. Ltd., PPG Packaging Coatings (Suzhou) Co. Ltd., PPG Paints Trading (Shanghai) Co. Ltd., PPG Performance Coatings (Hong Kong) Limited, PPG Powder Coatings (Shanghai) Co. Ltd., PPG Refinish Distribution Limited, PPG Romania S.A., PPG Réunion SAS, PPG SSC Co. Ltd., PPG Switzerland GmbH, PPG Trilak Korlátolt FelelősségüTárasaság (PPG Trilak Kft.), PPG Vietnam Co. Ltd., PRC-DeSoto Australia Pty Ltd., PRC-DeSoto International Inc., PT. PPG Coatings Indonesia, Painter's Supply, Paintzen, Peintures de Paris SAS, Plásticos Envolventes S.A. de C.V., Polymeric Systems Inc., ProCoatings B.V., ProCoatings BV, Protec Pty Ltd, Reno A&E LLC, Revocoat France SAS, Revocoat Holding SAS, Revocoat Iberica SLU, Revocoat S.A.S, Road Infrastructure Investment Holdings Inc., SEM Products Inc., Sealants Europe SAS, Sierracin Corporation, Sierracin/Sylmar Corporation, Sigma Marine & Protective Coatings Holding B.V., SigmaKalon (BC) UK Limited, SigmaKalon Group, Sikar (Shanghai) Trading Co. Ltd., Spraylat International Ltd, Texstars LLC, The Crown Group Co., The Crown Group Inc, The Homax Group, Tikkurila Group, Tikkurila Oyj, Tikkurila Sverige AB, Traffic Safety Intermediate LLC, Traffic Safety Parent LLC, VF Specialty Products LLC, Vanex Inc., Vernisol S.p.A., VersaFlex Acquisition Corp., VersaFlex Inc., VersaFlex Intermediate Holdings LLC, Versaflex, Viasa S.A. de C.V., Whitford, Whitford B.V., Whitford Corporation, Whitford Jiangmen Ltd., Whitford Ltd. (HK), Whitford Ltd. (UK), Whitford Pte. Ltd., Whitford S.r.l., Whitford Worldwide Company LLC, and Worwag Coatings.
Read More
This page (NYSE:PPG) was last updated on 4/20/2024 by MarketBeat.com Staff

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