Added to YB: 2024-08-01
Pitch date: 2024-07-31
PPG [neutral]
PPG Industries, Inc.
-15.79%
current return
Author Info
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Company Info
PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa.
Market Cap
$22.3B
Pitch Price
$122.96
Price Target
N/A
Dividend
2.86%
EV/EBITDA
9.97
P/E
17.94
EV/Sales
1.81
Sector
Chemicals
Category
dividend
3 Dividend Aristocrats To Buy And Hold - PPG Industries, Inc.
PPG: Q2 rev -1.6% to $4.79B, adj EPS +11% YoY. Flat organic growth; higher prices offset by divestitures/FX. Aerospace demand strong. $150M buyback in Q2. 2024 outlook: 0-low single-digit organic sales growth, adj EPS $8.15-$8.30 (+7.3% YoY). 7.4% 10yr EPS CAGR, 8% growth est. thru 2029. 53yr dividend growth streak; 4.6% hike to $0.68 quarterly.
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