Mitsubishi UFJ Trust & Banking Corp Has $34.23 Million Stock Position in PPG Industries, Inc. $PPG

Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 17.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 325,669 shares of the specialty chemicals company’s stock after purchasing an additional 47,330 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in PPG Industries were worth $34,231,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PPG. Capital Advisors Ltd. LLC grew its position in PPG Industries by 127.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 223 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 125 shares during the last quarter. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of PPG Industries during the third quarter valued at about $26,000. Gladwyn Financial Advisors Inc. bought a new stake in shares of PPG Industries during the second quarter worth about $31,000. Vermillion & White Wealth Management Group LLC increased its stake in shares of PPG Industries by 100.7% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 137 shares during the period. Finally, Rothschild Investment LLC raised its holdings in PPG Industries by 184.0% in the 2nd quarter. Rothschild Investment LLC now owns 284 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 184 shares during the last quarter. 81.86% of the stock is currently owned by institutional investors.

PPG Industries Trading Down 1.5%

Shares of PPG stock opened at $112.20 on Monday. The company has a market cap of $25.18 billion, a P/E ratio of 25.44, a PEG ratio of 3.32 and a beta of 1.17. The stock has a 50 day simple moving average of $103.33 and a two-hundred day simple moving average of $105.55. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.08 and a current ratio of 1.47. PPG Industries, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $124.74.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.04. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.06 billion. PPG Industries had a return on equity of 23.61% and a net margin of 6.35%.The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.13 EPS. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS. Research analysts forecast that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 20th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, February 20th. PPG Industries’s dividend payout ratio (DPR) is presently 64.40%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PPG shares. Citigroup boosted their target price on shares of PPG Industries from $116.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of PPG Industries in a research note on Friday, October 31st. UBS Group lowered their target price on PPG Industries from $115.00 to $110.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Wells Fargo & Company cut their target price on PPG Industries from $132.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Finally, Bank of America decreased their price target on PPG Industries from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $120.86.

Insider Buying and Selling

In other PPG Industries news, CFO Vincent J. Morales sold 5,200 shares of PPG Industries stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $110.00, for a total value of $572,000.00. Following the completion of the sale, the chief financial officer directly owned 28,439 shares of the company’s stock, valued at approximately $3,128,290. The trade was a 15.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.33% of the company’s stock.

PPG Industries Profile

PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.

PPG’s product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.