PPG Industries
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
38% more call options, than puts
Call options by funds: $290M | Put options by funds: $211M
1% more capital invested
Capital invested by funds: $25.2B [Q2] → $25.4B (+$170M) [Q3]
0% more funds holding
Funds holding: 1,060 [Q2] → 1,060 (+0) [Q3]
0% more first-time investments, than exits
New positions opened: 102 | Existing positions closed: 102
3.09% less ownership
Funds ownership: 84.52% [Q2] → 81.43% (-3.09%) [Q3]
25% less repeat investments, than reductions
Existing positions increased: 320 | Existing positions reduced: 427
43% less funds holding in top 10
Funds holding in top 10: 7 [Q2] → 4 (-3) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$136
13%
upside
Avg. target
$146
21%
upside
High target
$155
29%
upside
6 analyst ratings
5 positive
83%
1 neutral
17%
0 negative
0%
Deutsche Bank David Begleiter 46% 1-year accuracy 6 / 13 met price target | 21%upside $145 | Buy Maintained | 19 Dec 2024 |
Citigroup Patrick Cunningham 50% 1-year accuracy 16 / 32 met price target | 21%upside $145 | Buy Maintained | 18 Dec 2024 |
RBC Capital Arun Viswanathan 29% 1-year accuracy 20 / 70 met price target | 13%upside $136 | Sector Perform Maintained | 22 Oct 2024 |
BMO Capital John McNulty 42% 1-year accuracy 20 / 48 met price target | 29%upside $155 | Outperform Reiterated | 21 Oct 2024 |
JP Morgan Jeffrey Zekauskas 37% 1-year accuracy 16 / 43 met price target | 21%upside $145 | Overweight Maintained | 18 Oct 2024 |
Financial journalist opinion
Based on 16 articles about PPG published over the past 30 days
Neutral
Business Wire
4 days ago
PPG donates digital refinish tools to 15 vocational schools across Europe
ROLLE, Switzerland--(BUSINESS WIRE)--PPG has donated the PPG LINQ digital refinish ecosystem to 15 European vocational schools as part of a commitment to invest in workforce development.
Positive
Seeking Alpha
1 week ago
Buy 6 December Dividend Kings But Watch 22 With 'Safer' Dividends
"A Dividend King [is] a stock with 50 or more consecutive years of dividend increases." - suredividend.com. 53 Divided Kings, screened as of December 11, 2024, represented all eleven Morningstar Sectors. Broker-estimated top-ten net gains ranged from 14.79% to 25.23%, topped by SJW and SWK. By yield, MO topped all the Kings. Top-ten yields from ABBV, ADM, SWK, FRT, FTS, BKH, NWN, CDUAF, UVV, and MO averaged 4.67%.
Neutral
Business Wire
1 week ago
PPG again recognized among Foundry's Computerworld's Best Places to Work in IT
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE: PPG) today announced that it has been recognized among the “Best Places to Work in Information Technology (IT) in 2025” by Foundry's Computerworld. It is PPG's seventh appearance on the prestigious list, which recognizes organizations that challenge their IT staffs while providing great benefits and compensation. “It's a great honor to again be recognized for excellence in our Digital IT function,” said Bhaskar Ramachandran, PPG vice president and chief i.
Positive
Zacks Investment Research
1 week ago
PPG Wraps Up On-site Solar Installation at Caivano Facility
Caivano is a prime example of how PPG ensures its facilities are more sustainable and operationally effective.
Neutral
Business Wire
1 week ago
PPG recognized in Newsweek's America's Most Responsible Companies list for fifth consecutive year
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced that it has been named to Newsweek magazine's America's Most Responsible Companies list for the fifth consecutive year. The top 2,000 public companies were considered for the 2025 list, which recognizes the 600 most responsible companies in the U.S. PPG ranks no. 110 overall and no. 8 in the Materials and Chemicals industry category. “This recognition reflects our commitment to leveraging sustainability and corporate social responsibil.
Neutral
Investopedia
2 weeks ago
These 5 Stocks Have 50 Years of Dividend Growth—Here's How to Find More
With a new presidential administration set to take office on Jan. 20, 2025, some investors may be uncertain about how new policies and personnel will affect the stock market and interest rates. Will tariffs, discarded trade deals, and frayed alliances help or hurt the market?
Neutral
Business Wire
2 weeks ago
PPG completes on-site solar installation at Caivano, Italy facility
CAIVANO, Italy--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced the completion of an on-site solar installation at its Caivano, Italy facility that will enable progress toward the company's 2030 greenhouse gas emissions reduction targets. The project is part of a partnership with Grastim, a developer of high-efficiency energy generation solutions. The 1.5 megawatt solar installation represents a CO2 emission reduction of approximately 390 metric tons annually. Combined with a previously install.
Positive
Zacks Investment Research
2 weeks ago
PPG Wraps Up Sale of Architectural Coatings U.S. & Canada Business
The transaction of PPG's silicas products business further optimizes its portfolio by improving its organic growth and financial return profiles.
Neutral
PRNewsWire
2 weeks ago
American Industrial Partners Completes Acquisition of PPG's U.S. and Canadian Architectural Coatings Business
125-year-old business, renamed The Pittsburgh Paints Company, will be wholly focused on supplying professionals and DIYers with industry leading products and best-in-class innovation CRANBERRY TOWNSHIP, Pa. , Dec. 2, 2024 /PRNewswire/ -- American Industrial Partners ("AIP"), today completed its previously announced acquisition of the U.S. and Canadian architectural coatings business (the "Company") of PPG (NYSE:PPG).
Neutral
Business Wire
2 weeks ago
PPG completes sale of architectural coatings U.S. and Canada business to American Industrial Partners
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE: PPG) today announced that it has completed the sale of 100% of its architectural coatings business in the U.S. and Canada at a transaction value of $550 million to American Industrial Partners (AIP), an industrials investor. PPG's architectural coatings businesses in other regions around the world remain core businesses within the company's portfolio, including in Latin America, Europe and Asia Pacific, where PPG holds strong #1 or #2 positions in a numbe.
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