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PPG Industries, Inc. (PPG)

NYSE - NYSE Delayed Price. Currency in USD
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163.35-1.79 (-1.08%)
At close: 4:03PM EDT
163.27 +0.08 (0.05%)
After hours: 04:12PM EDT
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  • T
    TomV
    Well, I figure it's a 9.26% bump, but I'll allow a touch of hyperbole:

    PPG announced that its board has approved an increase in its quarterly shareholder dividend by 10% or 5 cents per share. This brings the quarterly dividend payout to 59 cents per share from the prior figure of 54 cents. The increased dividend will be payable on Sep 10, 2021, to shareholders of record as of Aug 10, 2021.
  • M
    Mark
    Raised dividend. Raising prices.
  • M
    Mark
    Dumped after hours.
  • Y
    Yahoo Finance Insights
    PPG Industries is down 7.03% to 154.10
  • r
    rodney
    same as last quarter sells down before earnings and then huge run up buying 200 shares at 170 6/25/2021 for earnings 7/19/21
  • T
    TomV
    Nice 6% dividend increase. I won’t complain about that.
  • M
    Michael
    Can anyone explain why this company has sales and administrative (SGA) expenses that are 24% of revenue? That is the highest percentage that I have seen in any manufacturing company. Most chemical/material firms have SGA expenses in the 10% range. What do these guys do that requires so much SGA expense. Just seems to me that this company isn't run very efficiently, but maybe I am missing something.
  • a
    allentownjsl
    Seems SHW is growing sales at a far faster rate than PPG. Has anybody asked McGarry why PPG lags SHW’s growth.
  • a
    allentownjsl
    Bad luck or bad management . Stock was just downgraded at Jeffries citing supply chain pricing squeeze and out of favor financial engineering per share growth tactics.
    IMHO Major issues since McGarry took over:
    Failed bid for Akzo Nobel; loss of Lowes distribution; and internal accounting issues.
    Why has he been given outsized compensation advancements could be an indication of an ineffective BOD. Time for leadership and the BOD to right the ship or find folks who can.
    Also IMHO If they fail to significantly raise the dividend next quarter McGarry and the management team should receive no bonuses this year and perhaps have their 2017 bonuses clawed back.
    Lastly perhaps all RSUs programs should be suspended until the stock performs in the top quintile relative to the S&P 500. Starting from the time McGarry became CEO!
  • r
    rodney
    figure im safe buying ppg and it drop 4% in one day no buyers 53.5 to 47 straight
    down but i think it will go back up before earnings i watch people dump ppg and i wonder why why why
  • j
    jay
    Due to a substantial surge in destruction of property(over $2B in Minneapolis alone) cause by George Floyd riots, PPG and other Restoration, Glass manufactures, hardware suppliers, Etc. will benefit greatly. I predict PPG to rise another 15 to 20 percent by the end of the month.
    Bullish
  • a
    allentownjsl
    Looks like Liebert walked into a hornets nest at PPG automotive finishes. It will be interesting to see if she can fix the problems inherited from her predecessors at PPG. She’ll need to react much more quickly than the glacial pace of the past several years.
  • a
    allentownjsl
    Wonder if announcing ,at this time, the construction of an R&D center in China is the wisest move considering current trade tensions.
  • P
    PayDayTrader
    Surprised with upward move this morning, doubt it lasting
  • a
    allentownjsl
    Does anybody feel PPG is over paying for Tikkurila. Their current bid is around 40% higher than the original bid. I believe it’s at a higher valuation than current PPG stock ( price/sales)
  • a
    allentownjsl
    It’s now time for McGarry to show some leadership and address PPG’s reaction to its market collapse that’s far in excess of the overall market and SHW.
  • a
    allentownjsl
    Anybody else here think it’s time for McGarry to provide an update on the accounting issues facing the company. At least provide an expected time line for quantifying and/or resolving this.
  • D
    David
    Is the current uptick coming from PPG Treasury buyback activity?
  • a
    allentownjsl
    Thinking McGarry needs to massively improve investor relations. True underlying volume growth seems to be sub world-wide GDP. Stock performance since he has been running the ship has been sub average. This accounting issue needs to be addressed and a time frame for doing so must be communicated to shareholders.
  • J
    Jared
    After hours is up 66%