PPG IndustriesPPG
Market Cap: $29.3B
About: PPG is a global producer of coatings. The company is the world's largest producer of coatings after the purchase of selected Akzo Nobel assets. PPG's products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition.
Employees: 53,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
75% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 7 (+3) [Q2]
39% more call options, than puts
Call options by funds: $241M | Put options by funds: $174M
0.7% less ownership
Funds ownership: 83.74% [Q1] → 83.04% (-0.7%) [Q2]
8% less repeat investments, than reductions
Existing positions increased: 356 | Existing positions reduced: 385
5% less funds holding
Funds holding: 1,099 [Q1] → 1,049 (-50) [Q2]
13% less capital invested
Capital invested by funds: $28.5B [Q1] → $24.8B (-$3.73B) [Q2]
35% less first-time investments, than exits
New positions opened: 93 | Existing positions closed: 143
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
RBC Capital Arun Viswanathan 57% 1-year accuracy 35 / 61 met price target | 11%upside $139 | Sector Perform Maintained | 23 Jul 2024 |
Keybanc Aleksey Yefremov 39% 1-year accuracy 19 / 49 met price target | 23%upside $153 | Overweight Maintained | 22 Jul 2024 |
B of A Securities Steve Byrne 45% 1-year accuracy 9 / 20 met price target | 20%upside $150 | Buy Maintained | 22 Jul 2024 |
Citigroup Patrick Cunningham 66% 1-year accuracy 23 / 35 met price target | 15%upside $144 | Buy Maintained | 22 Jul 2024 |
BMO Capital John McNulty 63% 1-year accuracy 24 / 38 met price target | 29%upside $161 | Outperform Maintained | 22 Jul 2024 |
Financial journalist opinion
Based on 15 articles about PPG published over the past 30 days