25 Best Dividend Aristocrats to Buy According to Analysts

7. PPG Industries, Inc. (NYSE:PPG)

Upside Potential as of May 26: 19.9%

PPG Industries, Inc. (NYSE:PPG) is a Pennsylvania-based paint, coating, and specialty materials company. On April 18, the company declared a quarterly dividend of $0.65 per share, in line with the previous. Overall, it has been raising its dividends consistently for the past 52 years, which makes it one of the best dividend aristocrat stocks and qualifies it as a dividend king. In addition, it has been making regular dividend payments since 1899.

PPG Industries, Inc. (NYSE:PPG)’s products and services serve a wide range of industries, including industrial, consumer goods, and automotive. The company also plans to spend $300 million on advanced manufacturing initiatives in North America, which aims to meet the rising demand for paints and coatings within the automotive sector. Despite reporting mixed earnings in the first quarter of 2024, the company expects stabilized demand in Europe and continued growth in Mexico and China in the next quarter. Since the start of 2024, the stock is down by 12.53% as investors were disappointed to see mixed results for the first quarter and are concerned about lackluster growth. However, going forward, the company’s management anticipates low single-digit organic sales growth this year, with stronger demand from China and India expected to offset declines in Europe and other markets.

PPG Industries, Inc. (NYSE:PPG) was a part of 35 hedge fund portfolios at the end of Q1 2024, compared with 39 in the previous quarter, as per Insider Monkey’s database. The stakes owned by these hedge funds have a total value of nearly $758 million as of the end of March.