5 Best Materials Dividend Stocks To Buy Now

This article presents an overview of the 5 Best Materials Dividend Stocks To Buy Now. For a detailed overview, read our article 12 Best Materials Dividend Stocks To Buy Now.

5. PPG Industries Inc (NYSE:PPG)

Number of Hedge Funds: 49

Paints and specialty materials company PPG Industries Inc (NYSE:PPG) has a dividend yield of 1.82% as of December 6. In October PPG Industries Inc (NYSE:PPG) posted Q3 results. Adjusted EPS in the period came in at $2.07, beating estimates by $0.13.

Out of the 910 hedge funds tracked by Insider Monkey, 49 hedge funds had stakes in PPG Industries Inc (NYSE:PPG). Andreas Halvorsen’s Viking Global is the biggest stakeholder of PPG Industries Inc (NYSE:PPG) with a $525 million stake in PPG Industries Inc (NYSE:PPG).

ClearBridge Large Cap Value Strategy made the following comment about PPG Industries, Inc. (NYSE:PPG) in its Q2 2023 investor letter:

“We were fairly active in the quarter as market dislocations allowed us to be opportunistic, while focusing on companies with stronger moats, better pricing power, more predictable long-term growth and higher returns. In the materials sector we exited PPG Industries, Inc. (NYSE:PPG) and initiated a position in Sherwin-Williams. While both companies operate in the paint and coating industry and are benefiting from improving margins as raw material prices have come down of late, we believe Sherwin-Williams’ dominant retail footprint affords it better pricing power through the cycle. The company provided conservative 2023 guidance and has been successfully gaining market share in the pro segment. While PPG has more European and industrial exposure, Sherwin-Williams’ residential and more domestic focus should also benefit the company as housing indicators appear to be troughing. Weak housing in the face of higher mortgage rates caused Sherwin-Williams stock to sell off in the first quarter, creating a compelling investment opportunity for long-term focused fundamental investors.”