Mitsubishi UFJ Asset Management Co. Ltd. Has $57.13 Million Position in PPG Industries, Inc. $PPG

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 5.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 543,796 shares of the specialty chemicals company’s stock after acquiring an additional 26,067 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in PPG Industries were worth $57,126,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in PPG. Brighton Jones LLC boosted its position in PPG Industries by 9.1% in the fourth quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock valued at $487,000 after buying an additional 339 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of PPG Industries by 31.4% in the first quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company’s stock valued at $421,000 after acquiring an additional 920 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of PPG Industries by 6.1% in the 1st quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock worth $2,882,000 after acquiring an additional 1,526 shares in the last quarter. Woodline Partners LP grew its position in PPG Industries by 40.7% during the 1st quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock worth $2,143,000 after acquiring an additional 5,667 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in PPG Industries by 1.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 34,468 shares of the specialty chemicals company’s stock valued at $3,921,000 after purchasing an additional 538 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PPG shares. Jefferies Financial Group boosted their price objective on PPG Industries from $115.00 to $125.00 and gave the stock a “hold” rating in a research note on Thursday, January 29th. Mizuho upped their price target on shares of PPG Industries from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. JPMorgan Chase & Co. raised their price objective on shares of PPG Industries from $117.00 to $126.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Bank of America reduced their target price on shares of PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Finally, Sanford C. Bernstein increased their price target on shares of PPG Industries from $123.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $125.93.

PPG Industries Stock Performance

PPG Industries stock opened at $123.15 on Friday. The company has a market cap of $27.52 billion, a PE ratio of 17.74, a PEG ratio of 1.85 and a beta of 1.16. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.82. PPG Industries, Inc. has a 1 year low of $90.24 and a 1 year high of $133.43. The company’s 50-day moving average is $115.12 and its two-hundred day moving average is $107.70.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.06). PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the firm earned $1.61 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 20th will be given a dividend of $0.71 per share. The ex-dividend date is Friday, February 20th. This represents a $2.84 annualized dividend and a dividend yield of 2.3%. PPG Industries’s payout ratio is presently 40.92%.

Insider Activity

In other PPG Industries news, VP Anne M. Foulkes sold 3,594 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $124.61, for a total value of $447,848.34. Following the transaction, the vice president owned 15,641 shares of the company’s stock, valued at approximately $1,949,025.01. This represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Chancey E. Hagerty sold 2,250 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $115.59, for a total value of $260,077.50. Following the transaction, the vice president owned 8,477 shares in the company, valued at approximately $979,856.43. This trade represents a 20.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 118,811 shares of company stock valued at $15,219,371 in the last 90 days. 0.33% of the stock is owned by company insiders.

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.