PPG Industries (PPG)
Makes architectural paints and specialized coatings for transportation, infrastructure, factories and packaging.
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Sells architectural paints and highly specified coatings for aircraft, vehicle repair, marine assets, road markings, factories and packaging. Revenue spans branded retail channels and direct sales to manufacturers, with customer-specific formulations and a global supply chain dependent on chemical feedstocks.
Manufactures paints, coatings and specialty products through Global Architectural Coatings, Performance Coatings and Industrial Coatings. Architectural brands such as Comex and Tikkurila reach contractors and consumers across Europe, Latin America and Asia Pacific through company stores, dealers, distributors and retailers.
Supplies aerospace coatings, automotive refinish systems, protective and marine finishes, and traffic-marking products for aftermarket and infrastructure uses. Direct-to-factory businesses formulate coatings, adhesives and pretreatments for automotive OEMs, industrial equipment and consumer products, while packaging coatings protect metal cans and closures.
Builds customer-specific formulations and integrates technical service into manufacturing lines, supported by laboratories near customers and a footprint spanning more than 50 countries. Production depends on externally sourced resins, solvents, titanium dioxide and other feedstocks; product formulations and supply also face evolving chemical-registration requirements.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 11, 2026 | KeyBanc | Initiate | Rating: —Target: $153 | Target: $133 |
| Jul 30, 2026 | UBS | Reiterate | Rating: —Target: $122 | Target: $125 |
| Jul 30, 2026 | RBC Capital | Reiterate | Rating: —Target: $119 | Target: $122 |
| Jul 17, 2026 | B of A Securities | Upgrade | ||
| Jul 6, 2026 | BMO Capital | Reiterate | Rating: —Target: $140 | Target: $138 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.59B · Total debt $7.46B · Total assets $22.53B · Shareholders' equity $8.44B
- Revenue
- $4.50B
- Operating income
- $636.0M
- Net income
- $437.0M
HistoryDividendAnnual yield
| Institutions | 91.42% | 204.33M shares | |
|---|---|---|---|
| 1,126 holders · as of Jun 30, 2026 | |||
| Insiders | 0.08% | 189.3K shares | |
| 15 holders · as of Sep 14, 2026 | |||
| Other | 8.50% | 18.98M shares | |
| remainder | |||
223.49M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Massachusetts Financial Services Company ("MFS")Institution | 10.86% | 24.28M | filed Feb 13, 2019 |
BlackRock, Inc.Institution | 10.54% | 23.55M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.51% | 14.55M | as of Jun 30, 2026 |
State Street CorpInstitution | 6.21% | 13.87M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.74% | 12.83M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 11, 2026 | Juliane M. Hefel | officer: Sr. VP, Ind Coatings & Sp Prod | +13 | $105.31 |
| Jun 12, 2026 | Juliane M. Hefel | officer: Sr. VP, Ind Coatings & Sp Prod | +12 | $116.45 |
| Feb 20, 2026 | Anne M. Foulkes | officer: Sr. VP, Legal & Spl. Projects | −3,594 | $124.61 |
| Feb 13, 2026 | Vincent J. Morales | officer: Senior VP & CFO | −78,095 | $131.00 |
| Feb 4, 2026 | Vincent J. Morales | officer: Senior VP & CFO | −17,072 | $125.00 |
- Sherwin-Williams
Global #1 coatings; head-to-head in refinish, industrial, and packaging.
- Axalta Coating Systems
Largest pure-play refinish rival; direct overlap in OEM and refinish.
- RPM
Specialty protective coatings; Carboline and Stonhard overlap PPG.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| PPG Industries | $106.95 | +1.93% | $23.33B | 15.0 | 13.0 | 1.4 | +7.2% |
| Sherwin-Williams | $326.63 | +1.66% | $78.00B | 29.6 | 25.6 | 3.2 | +7.5% |
| Axalta Coating Systems | $32.96 | +3.44% | $6.82B | 19.7 | 12.0 | 1.3 | +3.1% |
| RPM | $100.35 | +1.35% | $12.65B | 19.2 | 16.8 | 1.6 | +7.2% |
| Median | 19.7 | 16.8 | 1.6 | +7.2% |