PPG Industries Inc. (PPG) has experienced varying performance in the stock market, sometimes
underperforming compared to competitors. However, it is viewed as one of the
best dividend stocks, with investment firms such as Teachers Retirement System of The State of Kentucky and Price T Rowe Associates Inc. MD having significant holdings in the company.
PPG Industries announced plans to invest approximately
$525 million to
upgrade its manufacturing capacity in North America, including a new $225 million paint and coating facility in Tennessee. However, there is speculation about selling its U.S. and Canada paints business.
The company's
Q1 and Q2 2024 earnings were mixed, with some reports showing them matching, and others beating Wall Street estimates. The company raised quarterly dividends to $0.68, reinforcing its image as a good dividend stock. Strategic analysis points to a potential for the company to continue growing, despite slow earnings growth in the past three years, and current challenges due to European demand and auto production slowdown.
Ppg Industries PPG News Analytics from Thu, 18 Jan 2024 08:00:00 GMT to Sun, 04 Aug 2024 15:14:37 GMT -
Rating 3
- Innovation 4
- Information 7
- Rumor -4
