PPG Industries (PPG)
Market Price (11/7/2026): $122.375 | Market Cap: $27.0 BilSector: Materials | Industry: Specialty Chemicals
PPG Industries (PPG)
Market Price (11/7/2026): $122.375Market Cap: $27.0 BilSector: MaterialsIndustry: Specialty Chemicals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.1%, Dividend Yield is 2.4% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%, CFO LTM is 2.0 Bil Stock buyback supportStock Buyback 3Y Total is 1.9 Bil Low stock price volatilityVol 12M is 31% Megatrend and thematic driversMegatrends include Advanced Materials, Sustainable & Green Buildings, and Renewable Energy Transition. Themes include Specialty Chemicals for Performance, Show more. | Weak multi-year price returns2Y Excs Rtn is -31%, 3Y Excs Rtn is -75% | Key risksPPG key risks include [1] geopolitical and currency exposure from its extensive global operations and [2] significant liabilities tied to its product portfolio of hazardous chemicals. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.1%, Dividend Yield is 2.4% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%, CFO LTM is 2.0 Bil |
| Stock buyback supportStock Buyback 3Y Total is 1.9 Bil |
| Low stock price volatilityVol 12M is 31% |
| Megatrend and thematic driversMegatrends include Advanced Materials, Sustainable & Green Buildings, and Renewable Energy Transition. Themes include Specialty Chemicals for Performance, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -31%, 3Y Excs Rtn is -75% |
| Key risksPPG key risks include [1] geopolitical and currency exposure from its extensive global operations and [2] significant liabilities tied to its product portfolio of hazardous chemicals. |
Qualitative Assessment
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PPG Industries (PPG) stock has gained about 10% since 7/31/2026 because of the following key factors:
1. PPG Industries reported stronger-than-expected financial results for fiscal Q3 2026, which ended on September 30, 2026. The company announced adjusted earnings per share (EPS) of $2.25, surpassing the consensus analyst estimate of $2.12 by $0.13. Net sales increased by 6.6% year-over-year to $4.35 billion, exceeding analyst expectations of $4.28 billion.
2. The company raised its full-year fiscal 2026 adjusted EPS guidance. Following the strong third-quarter performance, PPG updated its full-year adjusted EPS outlook to a tighter range of $7.90 to $8.10, effectively raising the midpoint of its guidance. This improved outlook reflects growth momentum, realized pricing benefits, and the execution of productivity programs.
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PPG Industries (PPG) stock has gained about 10% since 7/31/2026 because of the following key factors:
1. PPG Industries reported stronger-than-expected financial results for fiscal Q3 2026, which ended on September 30, 2026. The company announced adjusted earnings per share (EPS) of $2.25, surpassing the consensus analyst estimate of $2.12 by $0.13. Net sales increased by 6.6% year-over-year to $4.35 billion, exceeding analyst expectations of $4.28 billion.
2. The company raised its full-year fiscal 2026 adjusted EPS guidance. Following the strong third-quarter performance, PPG updated its full-year adjusted EPS outlook to a tighter range of $7.90 to $8.10, effectively raising the midpoint of its guidance. This improved outlook reflects growth momentum, realized pricing benefits, and the execution of productivity programs.
3. Consistent organic sales growth across key segments demonstrated strong operational execution. PPG achieved its seventh consecutive quarter of organic sales growth, with a solid 5% increase year-over-year in fiscal Q3 2026. This growth was notably driven by strong demand in the differentiated aerospace business and robust performance in architectural coatings in Latin America, with the Performance Coatings segment seeing an 8% organic sales increase.
4. Positive sentiment from analysts, including new coverage with an "Overweight" rating. Barclays initiated coverage of PPG Industries with an "Overweight" rating and a $136.00 target price on October 13, 2026. This contributed to positive market perception and investor confidence in the stock's future performance.
5. Strategic capital allocation through share repurchases. PPG repurchased approximately $150 million of its stock during fiscal Q3 2026, contributing to approximately $320 million in share repurchases year-to-date. Share repurchases can signal management's confidence in the company's valuation and return value to shareholders, often supporting stock price appreciation.
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Stock Movement Drivers
Fundamental Drivers
The 11.4% change in PPG stock from 7/31/2026 to 11/6/2026 was primarily driven by a 11.2% change in the company's P/E Multiple.| (LTM values as of) | 7312026 | 11062026 | Change |
|---|---|---|---|
| Stock Price ($) | 109.84 | 122.38 | 11.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16,421 | 16,692 | 1.7% |
| Net Income Margin (%) | 9.6% | 9.4% | -1.7% |
| P/E Multiple | 15.6 | 17.3 | 11.2% |
| Shares Outstanding (Mil) | 223 | 222 | 0.4% |
| Cumulative Contribution | 11.4% |
Market Drivers
7/31/2026 to 11/6/2026| Return | Correlation | |
|---|---|---|
| PPG | 11.4% | |
| Market (SPY) | -1.6% | 42.9% |
| Sector (XLB) | 3.0% | 76.2% |
Fundamental Drivers
The 14.2% change in PPG stock from 4/30/2026 to 11/6/2026 was primarily driven by a 14.6% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 11062026 | Change |
|---|---|---|---|
| Stock Price ($) | 107.13 | 122.38 | 14.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16,121 | 16,692 | 3.5% |
| Net Income Margin (%) | 9.8% | 9.4% | -4.3% |
| P/E Multiple | 15.1 | 17.3 | 14.6% |
| Shares Outstanding (Mil) | 224 | 222 | 0.7% |
| Cumulative Contribution | 14.2% |
Market Drivers
4/30/2026 to 11/6/2026| Return | Correlation | |
|---|---|---|
| PPG | 14.2% | |
| Market (SPY) | 2.6% | 44.3% |
| Sector (XLB) | 1.3% | 75.8% |
Fundamental Drivers
The 28.5% change in PPG stock from 10/31/2025 to 11/6/2026 was primarily driven by a 48.2% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 11062026 | Change |
|---|---|---|---|
| Stock Price ($) | 95.26 | 122.38 | 28.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,690 | 16,692 | 6.4% |
| Net Income Margin (%) | 6.3% | 9.4% | 48.2% |
| P/E Multiple | 21.6 | 17.3 | -19.8% |
| Shares Outstanding (Mil) | 226 | 222 | 1.6% |
| Cumulative Contribution | 28.5% |
Market Drivers
10/31/2025 to 11/6/2026| Return | Correlation | |
|---|---|---|
| PPG | 28.5% | |
| Market (SPY) | 8.7% | 44.1% |
| Sector (XLB) | 22.9% | 73.3% |
Fundamental Drivers
The 6.9% change in PPG stock from 10/31/2023 to 11/6/2026 was primarily driven by a 6.4% change in the company's Net Income Margin (%).| (LTM values as of) | 10312023 | 11062026 | Change |
|---|---|---|---|
| Stock Price ($) | 114.45 | 122.38 | 6.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16,043 | 16,692 | 4.0% |
| Net Income Margin (%) | 8.8% | 9.4% | 6.4% |
| P/E Multiple | 19.1 | 17.3 | -9.1% |
| Shares Outstanding (Mil) | 236 | 222 | 6.3% |
| Cumulative Contribution | 6.9% |
Market Drivers
10/31/2023 to 11/6/2026| Return | Correlation | |
|---|---|---|
| PPG | 6.9% | |
| Market (SPY) | 81.9% | 52.9% |
| Sector (XLB) | 44.0% | 76.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PPG Return | 21% | -26% | 21% | -18% | -12% | 22% | -5% |
| Peers Return | 22% | -26% | 21% | 10% | -11% | 20% | 28% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| PPG Win Rate | 50% | 25% | 58% | 58% | 42% | 73% | |
| Peers Win Rate | 58% | 40% | 45% | 55% | 42% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| PPG Max Drawdown | -21% | -37% | -20% | -20% | -26% | -26% | |
| Peers Max Drawdown | -18% | -40% | -22% | -20% | -31% | -24% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MMM, SHW, DOW, MAS, EMN. See PPG Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/6/2026 (YTD)
How Low Can It Go
| Event | PPG | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.1% | -18.8% |
| % Gain to Breakeven | 26.7% | 23.1% |
| Time to Breakeven | 84 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -17.5% | -9.5% |
| % Gain to Breakeven | 21.2% | 10.5% |
| Time to Breakeven | 45 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -39.1% | -33.7% |
| % Gain to Breakeven | 64.2% | 50.9% |
| Time to Breakeven | 141 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -12.5% | -19.2% |
| % Gain to Breakeven | 14.3% | 23.8% |
| Time to Breakeven | 26 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -11.9% | -3.7% |
| % Gain to Breakeven | 13.5% | 3.9% |
| Time to Breakeven | 119 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -18.9% | -12.2% |
| % Gain to Breakeven | 23.4% | 13.9% |
| Time to Breakeven | 30 days | 62 days |
In The Past
PPG Industries's stock fell -21.1% during the 2025 US Tariff Shock. Such a loss loss requires a 26.7% gain to breakeven.
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Asset Allocation
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| Event | PPG | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.1% | -18.8% |
| % Gain to Breakeven | 26.7% | 23.1% |
| Time to Breakeven | 84 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -39.1% | -33.7% |
| % Gain to Breakeven | 64.2% | 50.9% |
| Time to Breakeven | 141 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -22.2% | -17.9% |
| % Gain to Breakeven | 28.6% | 21.8% |
| Time to Breakeven | 25 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -58.3% | -53.4% |
| % Gain to Breakeven | 139.7% | 114.4% |
| Time to Breakeven | 377 days | 1085 days |
In The Past
PPG Industries's stock fell -21.1% during the 2025 US Tariff Shock. Such a loss loss requires a 26.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About PPG Industries (PPG)
PPG Industries, Inc. is a global manufacturer and distributor of paints, coatings, and specialty materials. The company operates through two primary segments: Performance Coatings and Industrial Coatings, catering to a vast array of industries and end-users worldwide.
The Performance Coatings segment focuses on providing protective and decorative solutions across diverse sectors. This includes coatings, adhesives, and sealants for automotive repair and commercial transport, aerospace applications (for commercial and military aircraft), and heavy-duty maintenance for infrastructure like ships and bridges. This segment also supplies architectural paints, wood stains, and related sundries for both professional contractors and consumers in residential and commercial building markets, as well as pavement marking products.
PPG's Industrial Coatings segment offers a comprehensive range of coatings, adhesives, sealants, and metal pretreatments for manufactured goods such as appliances, agricultural and construction equipment, consumer electronics, and automotive parts. Additionally, this segment provides specialized coatings for metal cans and other packaging, along with advanced materials like amorphous precipitated silica used in tires and battery separators, and TESLIN substrates for high-security applications like e-passports and driver's licenses, alongside optical lens materials and photochromic dyes.
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Here are a couple of analogies for PPG Industries:
- Sherwin-Williams for the industrial and high-tech world.
- A specialized 3M, focused on advanced paints, coatings, and materials science for industries worldwide.
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- Automotive Refinish Coatings: Coatings, solvents, adhesives, and sealants used for the repair and refurbishing of automotive and commercial transport vehicles.
- Aerospace Coatings & Materials: Specialized coatings, sealants, transparencies, adhesives, and engineered materials for commercial, military, and general aviation aircraft.
- Protective & Marine Coatings: Coatings and finishes designed for the protection of metals and structures such as ships, bridges, and rail cars.
- Architectural Coatings: Paints, wood stains, and adhesives for the decoration and maintenance of residential and commercial building structures.
- Pavement Marking Products: Paints, thermoplastics, and other technologies used for marking pavements and roads.
- Industrial Coatings: Coatings, adhesives, sealants, and metal pretreatments applied to manufactured goods including appliances, electronics, and automotive parts.
- Packaging Coatings: Coatings developed for metal cans, closures, plastic tubes, and various promotional and specialty packaging.
- Silica Products: Amorphous precipitated silica used in tire manufacturing, battery separators, and other industrial applications.
- TESLIN Substrates: Synthetic printing substrates utilized for labels, e-passports, drivers' licenses, and identification cards.
- Specialty Optical Materials: Materials such as organic light-emitting diode materials, optical lenses, and photochromic dyes.
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PPG Industries (symbol: PPG) primarily sells its products and services to other companies (B2B) across a wide range of industries globally. While the company's description details the types of industries and applications it serves, it does not explicitly name specific customer companies. Therefore, the following list provides examples of major public companies that represent the types of customers PPG would serve within its key market segments, based on the provided background information.
Major Customer Categories and Illustrative Examples:
- Automotive and Commercial Transport Manufacturers & Refinishers: PPG supplies coatings, solvents, adhesives, and sealants for both new vehicle production and aftermarket repair/refurbishing.
- General Motors (GM)
- Ford Motor Company (F)
- Aerospace and Defense Contractors: PPG provides coatings, sealants, transparencies, and engineered materials for commercial, military, and general aviation aircraft.
- The Boeing Company (BA)
- Lockheed Martin Corporation (LMT)
- Industrial Equipment & Appliance Manufacturers: PPG offers coatings, adhesives, and metal pretreatments for products such as appliances, agricultural and construction equipment, and consumer electronics.
- Caterpillar Inc. (CAT)
- Whirlpool Corporation (WHR)
- Packaging Manufacturers: PPG provides coatings for metal cans, closures, plastic tubes, and specialty packaging.
- Ball Corporation (BALL)
- Crown Holdings, Inc. (CCK)
- Building & Infrastructure Contractors/Manufacturers: PPG offers paints, wood stains, protective coatings for metals and structures (like ships, bridges, and rail cars), and pavement marking products.
- Huntington Ingalls Industries, Inc. (HII) (for shipbuilding)
- The Greenbrier Companies (GBX) (for rail car manufacturing)
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Timothy M. Knavish
Chairman and Chief Executive Officer
Timothy M. Knavish serves as the Chairman and Chief Executive Officer of PPG. He joined PPG in 1987, starting in an engineering role in the former flat glass business. Throughout his extensive career at PPG, he has held various roles of increasing responsibility across multiple businesses and functions globally, including architectural, automotive refinish, protective and marine coatings, packaging, and industrial coatings. Knavish became Chief Operating Officer in March 2022, then President and CEO on January 1, 2023, and assumed the role of Chairman on October 1, 2023. He holds a Bachelor of Science degree in mechanical engineering and a Master of Business Administration degree from the University of Pittsburgh. Knavish currently serves on the boards of the American Coatings Association, the Allegheny Conference on Community Development, and Rockwell Automation.
Vincent J. Morales
Senior Vice President and Chief Financial Officer
Vincent J. Morales is the Senior Vice President and Chief Financial Officer of PPG. He joined PPG in 1985 in the corporate controller's office. Morales progressed through a range of finance and accounting roles within the company, including supervisor of shared accounting services, plant controller, manager of chemical revenue recognition, director of internal financial reporting, and director of investor relations. He was elected vice president in 2007 and took on additional responsibilities as corporate treasurer in 2015. He was appointed Vice President, Finance in June 2016, and assumed his current executive officer role in March 2017. Morales is a member of PPG's executive and operating committees. He earned a Bachelor of Science in accounting from Robert Morris University and a Master of Business Administration from The Ohio State University. Morales has announced his intention to retire from PPG effective July 1, 2026.
Joseph R. Gette
Senior Vice President, General Counsel and Secretary
Joseph R. Gette serves as Senior Vice President, General Counsel and Secretary for PPG, a role he will officially assume on January 1, 2026. He will also join PPG's operating and executive committees at that time. Gette joined PPG in 2005 as an assistant counsel and has since held roles of increasing responsibility, supporting various business units, regional operations, and serving as the lead transactional lawyer for the company. As PPG's lead mergers and acquisitions (M&A) lawyer for the last 15 years, Gette successfully led and closed numerous strategic acquisitions and divestitures, including the acquisitions of Tikkurila, Ennis-Flint, and Comex, and the sale and spinoff of PPG's commodity chemicals, automotive glass, European fiberglass, and USCA architectural coatings businesses. Prior to joining PPG, he worked for the law firm K&L Gates in Pittsburgh. Gette earned his bachelor's degree from Allegheny College and his law degree from Vanderbilt University.
Robert Massy
Senior Vice President and Chief Human Resources Officer
Robert Massy is the Senior Vice President and Chief Human Resources Officer for PPG, a position he assumed effective March 18, 2024. He leads PPG's global human resources function and serves as a member of the company's operating committee. With over 20 years of experience, Massy has held senior leadership roles in various industries and regions. Before joining PPG, he served for nearly a decade as Executive Vice President, Chief Administrative Officer, and Chief Human Resources Officer at Westinghouse Electric Company. Prior to Westinghouse, Massy held roles of increasing responsibility at Weatherford International, including regional head of talent in the Asia-Pacific region and global head of talent and development in the U.S. His HR career also includes positions in Singapore and London. Massy holds a Bachelor of Arts degree in Behavior in Organizations/HR from Lancaster University, UK, and a Master of Business Administration degree from the University of East London, UK.
Kevin D. Braun
Senior Vice President, Operations
Kevin D. Braun serves as Senior Vice President, Operations for PPG, a role he assumed effective October 1, 2024. In this position, he leads the operations organization and maintains executive oversight accountability for packaging coatings, and specialty coatings and materials. Braun began his career at PPG in 1991 as a production engineer. He has held numerous leadership roles across PPG's industrial coatings, raw materials, architectural, and silica segments. His career at PPG has included positions such as market development manager for the former fiberglass business, market manager for consumer electronics, regional sales manager for industrial coatings, national sales manager for a major architectural coatings account, and general manager for architectural coatings in Australia and New Zealand. Braun was promoted to a global leadership role for the industrial coatings business unit in March 2020 and became Senior Vice President, Industrial Coatings Segment, in 2023. He has been a member of PPG's operating committee since 2020. Braun earned a Bachelor of Science in industrial engineering from the University of Pittsburgh and a Master of Business Administration from Capital University.
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Key Risks to PPG Industries (PPG)
- Exposure to Economic Cycles and Fluctuations in Key End Markets: PPG Industries serves a wide array of industries, including automotive, commercial transport, aerospace, residential and commercial construction, industrial equipment, and consumer goods. Many of these end markets are cyclical and highly sensitive to overall economic conditions. A downturn in global economic activity or specific industry slowdowns could lead to reduced demand for PPG's paints, coatings, and specialty materials, thereby impacting its revenues and profitability.
- Volatility in Raw Material Prices: The production of PPG's diverse product portfolio is heavily dependent on various raw materials, such as petrochemical derivatives, resins, and pigments. Fluctuations in the global prices of these commodities, influenced by supply and demand dynamics, geopolitical events, and production capacities, can significantly increase PPG's cost of goods sold. The company's ability to effectively manage and pass on these increased costs to its customers is crucial for maintaining its profit margins.
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PPG Industries (symbol: PPG) operates in several significant global addressable markets for its paints, coatings, and specialty materials. Here are the estimated market sizes for their main products and services:
- Overall Paints and Coatings Market: The global paints and coatings market was estimated at approximately USD 216.76 billion in 2024 and is projected to reach about USD 350.35 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 4.9% from 2025 to 2034. Another estimate places the global market at USD 220.11 billion in 2025, with a projection to reach USD 362.31 billion by 2035, growing at a CAGR of 5.11% from 2026 to 2035.
- Architectural Coatings Market: The global architectural coatings market was valued at approximately USD 89.8 billion in 2025 and is projected to reach USD 119.9 billion by 2033, with a CAGR of 3.8% from 2026 to 2033. Another report valued this market at USD 93.82 billion in 2025, with a projection to grow to USD 146.30 billion by 2034, at a CAGR of 5.06%.
- Automotive Refinish Coatings Market: The global automotive refinish coatings market was valued at an estimated USD 10.91 billion in 2024 and is projected to reach USD 15.61 billion by 2033, growing at a CAGR of 3.65% from 2025 to 2033. Other estimates for this market in 2025 range from USD 11.73 billion to USD 13.8 billion, with projections to reach between USD 16.32 billion and USD 21.1 billion by 2032-2034.
- Aerospace Coatings Market: The global aerospace coatings market size was valued at USD 2.53 billion in 2025 and is projected to grow to USD 5.10 billion by 2034, exhibiting a CAGR of 8.11% during the forecast period. An earlier estimate for 2024 valued the market at USD 1.48 billion, with a projection to reach USD 2.23 billion by 2033.
- Protective and Marine Coatings Market: The global protective and marine coatings market was estimated at approximately USD 20.54 billion in 2024 and is projected to grow to USD 31.4 billion by 2035, with a CAGR of 3.93% from 2025 to 2035. Another source valued the market at USD 21.02 billion in 2024, expecting it to reach USD 30.92 billion by 2033 at a CAGR of 4.4%.
- Industrial Coatings Market: The global industrial coatings market size was valued at approximately USD 164.57 billion in 2024 and is projected to grow to USD 227.77 billion by 2034, at a CAGR of 3.60% from 2026 to 2034. Other estimates for 2024/2025 range from USD 164.43 billion to USD 215.5 billion, with projections reaching up to USD 345.8 billion by 2034-2035.
- Packaging Coatings Market: The global packaging coatings market was estimated at USD 4.23 billion in 2024 and is projected to reach USD 6.45 billion by 2033, growing at a CAGR of 4.9% from 2025 to 2033. Another source reported a market size of USD 14.2 billion in 2024, projected to reach USD 26.4 billion by 2035.
- Traffic Road Marking Coatings Market: The global traffic road marking coatings market was valued at USD 6.52 billion in 2024 and is poised to grow to USD 10.47 billion by 2033, at a CAGR of 5.4% from 2026 to 2033. Other sources estimate the market in 2024/2025 to be between USD 4.8 billion and USD 6.67 billion, with projections to reach between USD 8.3 billion and USD 9.73 billion by 2032-2034.
- Specialty Materials Market: The global specialty materials market was valued at USD 241.96 billion in 2024 and is expected to grow to USD 362.28 billion in 2029, at a CAGR of 8.6%. Another report valued it at USD 229.8 billion in 2025, projected to grow to USD 492.5 billion by 2034, with a CAGR of 8.8%.
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- Strategic Portfolio Optimization and Investment in High-Margin Segments: PPG is actively rebalancing its portfolio by divesting lower-margin businesses, such as its U.S. and Canadian architectural coatings and silicas products businesses, to concentrate on higher-margin segments. This strategy includes significant investments in advanced manufacturing capabilities, particularly for the automotive sector, aiming for sustained organic growth in these more profitable areas.
- Growth in Key High-Growth End Markets: The company is prioritizing and investing in specific high-growth sectors. Notably, PPG anticipates continued strong performance and growth from its aerospace coatings business, electric vehicle (EV) battery coatings, and protective and marine coatings. PPG holds a leading position in aerospace coatings and is making substantial investments to capitalize on multi-year growth in this area.
- Geographic Expansion, Especially in Emerging Markets: PPG is focused on expanding its presence in emerging markets. Strong performance and targeted growth are observed in regions like Asia (including China, India, and Vietnam) and Latin America (specifically Mexico). The company is also expanding manufacturing for EV battery coatings in India and China.
- Innovation and Development of Sustainably Advantaged Products: A significant driver for PPG is its continuous investment in research and development (R&D) to foster innovation. This includes developing products that meet evolving customer demands, with a particular emphasis on sustainability. PPG aims for 50% of its sales to come from sustainably advantaged products by 2030, a strategy that is expected to enhance product differentiation and expand margins.
- Organic Sales Growth through Pricing and Volume Increases: PPG has set a target for annual organic sales growth of 2% to 4%. This growth is expected to be achieved through a combination of strategic price increases and higher sales volumes across its segments. The company highlights that customers value its product quality, which supports its ability to implement premium pricing.
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Share Repurchases
- PPG repurchased approximately $790 million of its stock in 2025 and $750 million in 2024.
- In April 2024, the board authorized a new $2.5 billion share repurchase program, which is effective immediately and does not expire.
- As of March 31, 2024, approximately $860 million remained from a prior share repurchase authorization from December 2017.
Outbound Investments
- In December 2024, PPG completed the sale of its U.S. and Canadian architectural coatings business for $550 million to American Industrial Partners. This business generated approximately $2 billion in revenue in 2023.
- The company made several acquisitions, including EMM International in January 2026, Paintzen in March 2023, and Cristacol in June 2022.
Capital Expenditures
- Capital expenditures totaled approximately $780 million in 2025, with projections for 2025 initially between $725 million and $775 million.
- PPG plans to invest $300 million over four years (starting in 2024) in North American advanced manufacturing, including a new plant in Tennessee for the automotive sector.
- The company committed to investing $380 million to build a new aerospace coatings and sealants manufacturing facility in Shelby, N.C., with construction expected to start in October 2025 and be completed in the first half of 2027.
Peer Outperformance in Specialty Chemicals
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| PPG | PPG Industries | 1.7% | 17.3x | 32.0% | 2.7% | -16.5% | — |
| NEU | NewMarket | 0.4% | 13.9x | -7.6% | 48.8% | 127.5% | +144pp |
| ECL | Ecolab | 4.9% | 40.5x | 20.1% | 78.2% | 37.9% | +54pp |
| RPM | RPM International | 2.8% | 19.0x | -0.4% | 13.7% | 26.4% | +43pp |
| SHW | Sherwin-Williams | 2.7% | 30.9x | 4.1% | 40.2% | 12.9% | +29pp |
| AXTA | Axalta Coating Systems | 0.3% | 23.4x | 29.1% | 25.5% | 12.7% | +29pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Copper | 7 | 33.0% | 111.6% | 139.2% | SCCO 250% · TGB 219% · HBM 211% |
| Steel | 14 | 16.4% | 40.0% | 116.0% | HCC 310% · STLD 269% · RS 177% |
| Gold | 38 | 18.2% | 191.3% | 100.4% | IAG 519% · OGC 386% · AGI 316% |
| Silver | 6 | 42.0% | 273.5% | 85.8% | AYA 285% · HL 151% · EXK 50% |
| Construction Materials | 6 | -14.3% | 28.5% | 42.0% | USLM 350% · CRH 104% · VMC 50% |
| Aluminum | 3 | 15.5% | 104.5% | 19.3% | CENX 155% · AA -13% |
| Metal, Glass & Plastic Containers | 11 | 15.9% | 18.5% | 7.6% | GEF 25% · ATR 15% · SLGN 9% |
| Paper & Plastic Packaging Products & Materials | 7 | 21.8% | 16.5% | -5.1% | PKG 114% · CCK 20% · SON 0% |
| Diversified Metals & Mining | 23 | -49.7% | -4.7% | -5.7% | SKE 180% · MTRN 103% · MP -3% |
| Diversified Chemicals | 3 | 22.7% | 5.4% | -13.7% | CBT 36% · ASH -14% |
| Specialty Chemicals ← | 41 | 13.7% | 10.9% | -26.8% | NEU 127% · ECL 38% · SXT 34% |
| Commodity Chemicals | 13 | 19.8% | -23.1% | -29.2% | HWKN 316% · MEOH 53% · DOW -29% |
| Precious Metals & Minerals | 7 | 2.9% | 147.8% | -31.2% | PPTA 311% |
| Fertilizers & Agricultural Chemicals | 10 | 6.4% | 8.9% | -42.2% | CF 124% · CTVA 76% · NTR 26% |
| Paper Products | 4 | -42.0% | -62.5% | -81.4% |
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Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 102.29 |
| Mkt Cap | 25.0 |
| Rev LTM | 20,802 |
| Op Inc LTM | 2,190 |
| FCF LTM | 1,724 |
| FCF 3Y Avg | 1,031 |
| CFO LTM | 2,837 |
| CFO 3Y Avg | 2,262 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.9% |
| Rev Chg 3Y Avg | 0.3% |
| Rev Chg Q | 7.3% |
| QoQ Delta Rev Chg LTM | 1.9% |
| Op Inc Chg LTM | 5.4% |
| Op Inc Chg 3Y Avg | 3.0% |
| Op Mgn LTM | 14.9% |
| Op Mgn 3Y Avg | 15.2% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 13.3% |
| CFO/Rev 3Y Avg | 11.4% |
| FCF/Rev LTM | 9.1% |
| FCF/Rev 3Y Avg | 6.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 25.0 |
| P/S | 1.9 |
| P/Op Inc | 11.9 |
| P/EBIT | 14.9 |
| P/E | 17.4 |
| P/CFO | 13.3 |
| Total Yield | 6.3% |
| Dividend Yield | 2.0% |
| FCF Yield 3Y Avg | 3.6% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 13.7% |
| 3M Rtn | 2.3% |
| 6M Rtn | 11.1% |
| 12M Rtn | 23.5% |
| 3Y Rtn | 21.5% |
| 1M Excs Rtn | 12.5% |
| 3M Excs Rtn | 3.9% |
| 6M Excs Rtn | 7.2% |
| 12M Excs Rtn | 9.5% |
| 3Y Excs Rtn | -54.1% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Industrial Coatings | 6,524 | 6,687 | 7,089 | 6,970 | 6,469 |
| Performance Coatings | 5,513 | 5,237 | 5,132 | 4,792 | 10,333 |
| Global Architectural Coatings | 3,838 | 3,921 | 4,021 | 3,852 | |
| Total | 15,875 | 15,845 | 16,242 | 15,614 | 16,802 |
| $ Mil | 2006 | 2005 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|
| Performance and Applied Coatings | 514 | ||||
| Coatings | 349 | 609 | 777 | 707 | 605 |
| Chemicals | 285 | 451 | 291 | 232 | 124 |
| Optical and Specialty Materials | 223 | ||||
| Glass | 148 | 56 | 169 | 71 | 143 |
| Total | 1,519 | 1,116 | 1,237 | 1,010 | 872 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Global Architectural Coatings | 6,676 | 5,887 | 6,595 | 6,149 | |
| Industrial Coatings | 6,183 | 5,230 | 5,643 | 5,802 | 5,807 |
| Performance Coatings | 5,535 | 5,601 | 5,586 | 5,612 | 13,395 |
| Corporate / Non-Segment Items | 3,704 | 2,715 | 3,823 | 3,181 | 2,149 |
| Total | 22,098 | 19,433 | 21,647 | 20,744 | 21,351 |
Price Behavior
| Market Price | $122.38 | |
| Market Cap ($ Bil) | 27.2 | |
| First Trading Date | 04/06/1983 | |
| Distance from 52W High | -5.2% | |
| 50 Days | 200 Days | |
| DMA Price | $109.78 | $111.94 |
| DMA Trend | down | indeterminate |
| Distance from DMA | 11.5% | 9.3% |
| 3M | 1YR | |
| Volatility | 26.8% | 31.1% |
| Downside Capture | 63.28 | 97.74 |
| Upside Capture | 108.60 | 119.73 |
| Correlation (S&P 500) | 27.1% | 44.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.38 | 0.60 | 0.89 | 1.06 | 1.04 | 0.92 |
| Up Beta | -3.78 | -1.63 | 0.51 | 0.59 | 1.26 | 1.03 |
| Down Beta | -0.30 | -0.07 | -0.18 | 0.91 | 0.77 | 0.70 |
| Up Capture | 224% | 144% | 150% | 141% | 119% | 65% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 15 | 23 | 34 | 71 | 135 | 397 |
| Down Capture | -12% | 77% | 103% | 114% | 99% | 102% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 7 | 20 | 30 | 55 | 115 | 352 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PPG | |
|---|---|---|---|---|
| PPG | 30.6% | 31.1% | 0.87 | - |
| Sector ETF (XLB) | 23.7% | 18.2% | 1.01 | 73.3% |
| Equity (SPY) | 9.5% | 13.6% | 0.40 | 44.5% |
| Gold (GLD) | 1.6% | 28.7% | 0.05 | 30.6% |
| Commodities (DBC) | 38.4% | 21.2% | 1.42 | -50.9% |
| Real Estate (VNQ) | 11.3% | 14.2% | 0.51 | 45.4% |
| Bitcoin (BTCUSD) | -26.9% | 43.6% | -0.60 | 11.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PPG | |
|---|---|---|---|---|
| PPG | -3.3% | 28.3% | -0.11 | - |
| Sector ETF (XLB) | 6.1% | 19.2% | 0.20 | 76.8% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 61.7% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | 14.8% |
| Commodities (DBC) | 8.1% | 19.6% | 0.30 | -8.1% |
| Real Estate (VNQ) | 1.3% | 18.9% | -0.04 | 58.2% |
| Bitcoin (BTCUSD) | 4.1% | 51.6% | 0.26 | 20.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PPG | |
|---|---|---|---|---|
| PPG | 4.7% | 27.7% | 0.20 | - |
| Sector ETF (XLB) | 10.5% | 20.7% | 0.44 | 77.1% |
| Equity (SPY) | 15.0% | 18.0% | 0.70 | 63.7% |
| Gold (GLD) | 11.9% | 16.5% | 0.59 | 9.2% |
| Commodities (DBC) | 7.5% | 18.1% | 0.33 | 8.3% |
| Real Estate (VNQ) | 5.9% | 20.7% | 0.24 | 57.0% |
| Bitcoin (BTCUSD) | 60.1% | 66.3% | 1.00 | 13.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 11/5/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/27/2026 | 4.4% | 6.9% | |
| 7/28/2026 | -6.0% | -1.0% | -3.3% |
| 4/28/2026 | -2.8% | -1.2% | 5.5% |
| 1/27/2026 | 3.3% | 8.4% | 12.6% |
| 10/28/2025 | -5.9% | -9.9% | -4.4% |
| 7/29/2025 | -5.3% | -5.5% | 0.6% |
| 4/29/2025 | 4.9% | 4.6% | 7.9% |
| 1/31/2025 | -2.9% | -0.5% | -4.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 7 | 12 |
| # Negative | 15 | 17 | 11 |
| Median Positive | 3.9% | 6.0% | 6.0% |
| Median Negative | -3.1% | -3.1% | -4.7% |
| Max Positive | 8.7% | 11.4% | 16.7% |
| Max Negative | -6.0% | -9.9% | -9.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/27/2026 | 4.4% | 6.9% | |
| 7/28/2026 | -6.0% | -1.0% | -3.3% |
| 4/28/2026 | -2.8% | -1.2% | 5.5% |
| 1/27/2026 | 3.3% | 8.4% | 12.6% |
| 10/28/2025 | -5.9% | -9.9% | -4.4% |
| 7/29/2025 | -5.3% | -5.5% | 0.6% |
| 4/29/2025 | 4.9% | 4.6% | 7.9% |
| 1/31/2025 | -2.9% | -0.5% | -4.7% |
| 10/16/2024 | 0.8% | -3.1% | -4.7% |
| 7/18/2024 | -2.8% | -4.4% | -6.5% |
| 4/18/2024 | -3.1% | -4.4% | -0.0% |
| 1/18/2024 | -2.5% | -1.5% | -1.6% |
| 10/18/2023 | -2.7% | -4.9% | 6.3% |
| 7/20/2023 | -0.2% | -3.3% | -6.4% |
| 4/20/2023 | 0.4% | -1.8% | 1.1% |
| 1/19/2023 | 6.0% | 3.3% | 5.6% |
| 10/19/2022 | -5.4% | -1.6% | 11.1% |
| 7/21/2022 | 3.9% | 6.0% | 7.8% |
| 4/21/2022 | -0.2% | -1.7% | -9.7% |
| 1/20/2022 | -3.1% | -4.0% | -5.9% |
| 10/20/2021 | 2.8% | 0.7% | 1.6% |
| 7/19/2021 | -4.4% | -0.5% | 0.9% |
| 4/15/2021 | 8.7% | 11.4% | 16.7% |
| 1/21/2021 | -4.0% | -3.1% | -6.0% |
| SUMMARY STATS | |||
| # Positive | 9 | 7 | 12 |
| # Negative | 15 | 17 | 11 |
| Median Positive | 3.9% | 6.0% | 6.0% |
| Median Negative | -3.1% | -3.1% | -4.7% |
| Max Positive | 8.7% | 11.4% | 16.7% |
| Max Negative | -6.0% | -9.9% | -9.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/28/2026 | 10-Q |
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 10/17/2024 | 10-Q |
| 06/30/2024 | 07/19/2024 | 10-Q |
| 03/31/2024 | 04/19/2024 | 10-Q |
| 12/31/2023 | 02/15/2024 | 10-K |
| 09/30/2023 | 10/19/2023 | 10-Q |
| 06/30/2023 | 07/21/2023 | 10-Q |
| 03/31/2023 | 04/21/2023 | 10-Q |
| 12/31/2022 | 02/16/2023 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/28/2026 | 10-Q |
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 10/17/2024 | 10-Q |
| 06/30/2024 | 07/19/2024 | 10-Q |
| 03/31/2024 | 04/19/2024 | 10-Q |
| 12/31/2023 | 02/15/2024 | 10-K |
| 09/30/2023 | 10/19/2023 | 10-Q |
| 06/30/2023 | 07/21/2023 | 10-Q |
| 03/31/2023 | 04/21/2023 | 10-Q |
| 12/31/2022 | 02/16/2023 | 10-K |
| 09/30/2022 | 10/20/2022 | 10-Q |
| 06/30/2022 | 07/22/2022 | 10-Q |
| 03/31/2022 | 04/22/2022 | 10-Q |
| 12/31/2021 | 02/17/2022 | 10-K |
| 09/30/2021 | 10/21/2021 | 10-Q |
| 06/30/2021 | 07/20/2021 | 10-Q |
| 03/31/2021 | 04/16/2021 | 10-Q |
| 12/31/2020 | 02/18/2021 | 10-K |
| 09/30/2020 | 10/20/2020 | 10-Q |
| 06/30/2020 | 07/17/2020 | 10-Q |
| 03/31/2020 | 04/28/2020 | 10-Q |
| 12/31/2019 | 02/20/2020 | 10-K |
Recent Forward Guidance
Updated 10/28/2026Latest: Q3 2026 Earnings Reported 10/27/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Organic Sales Growth | Reported | |||||||
| Q4 2026 Global Architectural Coatings Organic Sales Growth | Reported | |||||||
| Q4 2026 Performance Coatings Organic Sales Growth | Reported | |||||||
| Q4 2026 Industrial Coatings Organic Sales Growth | Reported | |||||||
| Q4 2026 Adjusted EBITDA Margin Change | Reported | 0.0% | 0.5% | 1.0% | 1.0% | Higher New | Guidance: -0.5% for Q3 2026 | |
| 2026 Adjusted EPS | Reported | 7.9 | 8 | 8.1 | 1.3% | Raised | Guidance: 7.9 for 2026 | |
Prior: Q2 2026 Earnings Reported 7/28/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Organic Sales Growth | Reported | 2.0% | 3.5% | |||||
| Q3 2026 Adjusted EBITDA Margin Change | Reported | -1.0% | -0.5% | 0.0% | ||||
| 2026 Automotive Refinish Coatings Organic Sales Growth | Reported | 2.0% | 3.5% | |||||
| 2026 Adjusted EPS | Reported | 7.7 | 7.9 | 8.1 | 0.0% | Affirmed | Guidance: 7.9 for 2026 | |
Q1 2026 Earnings Reported 4/28/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Organic Sales Growth | Reported | 0.0% | 1.5% | 3.0% | ||||
| Q2 2026 Adjusted EPS Growth | Reported | 0.0% | 1.5% | 3.0% | ||||
| 2026 EPS | Reported | 7.7 | 7.9 | 8.1 | 0.0% | Affirmed | Guidance: 7.9 for 2026 | |
Q4 2025 Earnings Reported 1/27/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Restructuring Savings | Reported | 50.00 Mil | -33.3% | Lower New | Guidance: 75.00 Mil for 2025 | |||
| 2026 Organic Sales Growth | Reported | 0.0% | 1.5% | 3.0% | ||||
| 2026 Adjusted EPS | Reported | 7.7 | 7.9 | 8.1 | 3.3% | Higher New | Guidance: 7.65 for 2025 | |
Insider Activity
Updated 11/5/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hagerty, Chancey E | Sr. VP, Perf Coatings Segment | Direct | Sell | 11052026 | 127.14 | 2,500 | 317,862 | 1,241,062 | Form |
| 2 | Hefel, Juliane M | Sr. VP, Ind Coatings & Sp Prod | Direct | Buy | 9142026 | 105.31 | 13 | 1,409 | 201,691 | Form |
| 3 | Hefel, Juliane M | Sr. VP, Ind Coatings & Sp Prod | Direct | Buy | 6162026 | 116.45 | 12 | 1,344 | 221,473 | Form |
| 4 | Foulkes, Anne M | Sr. VP, Legal & Spl. Projects | Direct | Sell | 2242026 | 124.61 | 3,594 | 447,848 | 1,949,025 | Form |
| 5 | Morales, Vincent J | Senior VP & CFO | Direct | Sell | 2182026 | 131.00 | 78,095 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hagerty, Chancey E | Sr. VP, Perf Coatings Segment | Direct | Sell | 11052026 | 127.14 | 2,500 | 317,862 | 1,241,062 | Form |
| 2 | Hefel, Juliane M | Sr. VP, Ind Coatings & Sp Prod | Direct | Buy | 9142026 | 105.31 | 13 | 1,409 | 201,691 | Form |
| 3 | Hefel, Juliane M | Sr. VP, Ind Coatings & Sp Prod | Direct | Buy | 6162026 | 116.45 | 12 | 1,344 | 221,473 | Form |
| 4 | Foulkes, Anne M | Sr. VP, Legal & Spl. Projects | Direct | Sell | 2242026 | 124.61 | 3,594 | 447,848 | 1,949,025 | Form |
| 5 | Morales, Vincent J | Senior VP & CFO | Direct | Sell | 2182026 | 131.00 | 78,095 | Form | ||
| 6 | Morales, Vincent J | Senior VP & CFO | Direct | Sell | 2052026 | 125.00 | 29,672 | 3,709,000 | 3,554,875 | Form |
| 7 | Hagerty, Chancey E | Sr. VP, Auto. Refinish Ctgs. | Direct | Sell | 2022026 | 115.59 | 2,250 | 260,078 | 979,856 | Form |
| 8 | Morales, Vincent J | Senior VP & CFO | Direct | Sell | 1162026 | 110.00 | 5,200 | 572,000 | 3,128,290 | Form |
Investor Activity (13F)
Updated Nov 7, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Materials Resources |
| Chemical & Engineering News (C&EN) |
| Mining.com |
| Plastics News |
| Specialty Chemicals Resources |
| SpecialChem |
| Chemical Week |
| ICIS |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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