S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
Bezos and Gates Invest in Search for Tech's Best-Kept Secret (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
Bezos and Gates Invest in Search for Tech's Best-Kept Secret (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
Bezos and Gates Invest in Search for Tech's Best-Kept Secret (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
Bezos and Gates Invest in Search for Tech's Best-Kept Secret (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
NYSE:PPG

PPG Industries (PPG) Stock Price, News & Analysis

$141.60
+1.12 (+0.80%)
(As of 02/29/2024 ET)
Today's Range
$140.43
$142.08
50-Day Range
$137.57
$150.38
52-Week Range
$120.32
$152.89
Volume
1.87 million shs
Average Volume
1.57 million shs
Market Capitalization
$33.31 billion
P/E Ratio
26.52
Dividend Yield
1.84%
Price Target
$158.20

PPG Industries MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.53 Rating Score
Upside/​Downside
11.7% Upside
$158.20 Price Target
Short Interest
Healthy
1.16% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.18
Upright™ Environmental Score
News Sentiment
0.40mentions of PPG Industries in the last 14 days
Based on 25 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.53%
From $8.45 to $9.34 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.

4.68 out of 5 stars

Basic Materials Sector

19th out of 171 stocks

Paints & Allied Products Industry

1st out of 3 stocks


PPG stock logo

About PPG Industries Stock (NYSE:PPG)

PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The company operates through 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; 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 tubes, and 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. The company was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania.

PPG Stock Price History

PPG Stock News Headlines

Domino's Pizza, Pilgrim's Pride rise; Alcoa, PPG Industries fall, Monday, 2/26/2024
Stocks that are trading heavily or have substantial price changes on Monday: Domino’s Pizza, Pilgrim’s Pride rise; Alcoa, PPG Industries fall
Bezos and Gates Invest in Search for Tech's Best-Kept Secret
Billionaires who've made their fortunes in tech, are quietly investing in essential yet rare elements known as "The Seeds of Technology". Learn more about this massive rare earth treasure hunt and the very elements making emerging technologies possible.
Barclays Lowers PPG Industries (NYSE:PPG) to Equal Weight
Bezos and Gates Invest in Search for Tech's Best-Kept Secret
Billionaires who've made their fortunes in tech, are quietly investing in essential yet rare elements known as "The Seeds of Technology". Learn more about this massive rare earth treasure hunt and the very elements making emerging technologies possible.
Barclays Downgrades PPG Industries (PPG)
Unveiling 7 Analyst Insights On PPG Indus
See More Headlines
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Company Calendar

Ex-Dividend for 12/12 Dividend
11/09/2023
Dividend Payable
12/12/2023
Last Earnings
1/19/2024
Ex-Dividend for 3/12 Dividend
2/15/2024
Today
2/29/2024
Dividend Payable
3/12/2024
Next Earnings (Estimated)
4/18/2024
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
$158.20
High Stock Price Target
$172.00
Low Stock Price Target
$140.00
Potential Upside/Downside
+11.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.53
Research Coverage
15 Analysts

Profitability

Net Income
$1.27 billion
Pretax Margin
9.58%

Debt

Sales & Book Value

Annual Sales
$18.25 billion
Cash Flow
$10.14 per share
Book Value
$34.10 per share

Miscellaneous

Free Float
233,961,000
Market Cap
$33.31 billion
Optionable
Optionable
Beta
1.30

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Key Executives

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of PPG Industries was last updated on Thursday, February 29, 2024 at 1:16 AM.

Pros

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

  • PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide, providing a diverse product portfolio.
  • PPG Industries, Inc. has a long history of operation since its incorporation in 1883, indicating stability and experience in the industry.
  • PPG Industries, Inc. offers innovative products such as optical lenses, color-change products, and photochromic dyes, showcasing a commitment to technological advancements.
  • Recent developments in PPG Industries, Inc. have shown positive growth trends, reflecting potential for future profitability.
  • The current stock price of PPG Industries, Inc. is favorable for investors looking for a value opportunity in the market.

Cons

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

  • Pro-Pac Packaging Limited, a subsidiary of PPG Industries, Inc., faces challenges in the competitive packaging industry, impacting potential growth.
  • Plutus PowerGen Plc, another subsidiary of PPG Industries, Inc., operates in a niche market of flexible standby electricity generation, which may have limited scalability.














PPG Stock Analysis - Frequently Asked Questions

Should I buy or sell PPG Industries stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PPG Industries in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PPG shares.
View PPG analyst ratings
or view top-rated stocks.

What is PPG Industries' stock price target for 2024?

15 brokers have issued 1 year target prices for PPG Industries' stock. Their PPG share price targets range from $140.00 to $172.00. On average, they expect the company's share price to reach $158.20 in the next twelve months. This suggests a possible upside of 11.7% 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 beginning of 2024. Since then, PPG shares have decreased by 5.3% and is now trading at $141.60.
View the best growth stocks for 2024 here
.

Are investors shorting PPG Industries?

PPG Industries saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 2,450,000 shares, an increase of 21.9% from the January 15th total of 2,010,000 shares. Based on an average daily volume of 1,680,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.0% of the shares of the stock are short sold.
View PPG Industries' Short Interest
.

When is PPG Industries' next earnings date?

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

How were PPG Industries' earnings last quarter?

PPG Industries, Inc. (NYSE:PPG) announced its earnings results on Friday, January, 19th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.49 by $0.04. The specialty chemicals company had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $4.27 billion. PPG Industries had a trailing twelve-month return on equity of 23.51% and a net margin of 6.96%. PPG Industries's revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.22 EPS.
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, January 18th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.65 per share on Tuesday, March 12th. This represents a $2.60 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Thursday, February 15th.
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 1.85%. 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 48.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PPG will have a dividend payout ratio of 27.84% 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 updated its first quarter 2024 earnings guidance on Thursday, January, 18th. The company provided earnings per share (EPS) guidance of 1.800-1.870 for the period, compared to the consensus EPS estimate of 1.980. 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.38%), Massachusetts Financial Services Co. MA (3.39%), Norges Bank (1.57%), Wells Fargo & Company MN (1.54%), Clearbridge Investments LLC (1.52%) and Putnam Investments LLC (1.13%). 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 3/1/2024 by MarketBeat.com Staff