PPG Industries, Inc. (NYSE:PPG) has gained attention from a variety of investors and institutions. Asset management companies like
Shell Asset Management Co. and Quadrature Capital Ltd have made substantial investments in the company's shares. Despite mixed performance on the stock exchange compared to competitors, PPG has been reporting
positive Q2 earnings, albeit with sales lagging behind estimates. The company managed to maintain its patent win in a trial against Sherwin-Williams, contributing to its resilience. It is exploring strategic alternatives for its coatings business in the U.S and Canada, including potential sale. PPG has announced a plan to construct a
$225M OEM paint and coating facility in Tennessee, as part of its significant $300 million investment in North American advanced manufacturing. The company's
dividend payouts have been increasing and the company has successfully extended its partnerships, notably with Penske Corp. However, some market analysts have had to adjust their forecast for PPG due to lowered outlooks and challenges, such as a slowdown in European demand and auto production.
Ppg Industries PPG News Analytics from Thu, 18 Jan 2024 08:00:00 GMT to Sun, 28 Jul 2024 16:39:54 GMT -
Rating 5
- Innovation 7
- Information 6
- Rumor -1
