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

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in PPG Industries, Inc. (NYSE:PPG) by 5.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 543,796 shares of the specialty chemicals company’s stock after buying an additional 26,067 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.24% of PPG Industries worth $57,126,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in PPG Industries by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 29,265,369 shares of the specialty chemicals company’s stock worth $3,328,936,000 after purchasing an additional 192,560 shares during the last quarter. State Street Corp grew its holdings in PPG Industries by 6.3% during the second quarter. State Street Corp now owns 12,624,828 shares of the specialty chemicals company’s stock valued at $1,436,074,000 after purchasing an additional 749,081 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of PPG Industries by 21.2% in the second quarter. First Eagle Investment Management LLC now owns 5,560,280 shares of the specialty chemicals company’s stock valued at $632,482,000 after purchasing an additional 971,799 shares during the period. Norges Bank acquired a new stake in shares of PPG Industries in the second quarter worth $362,412,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of PPG Industries by 1.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,775,676 shares of the specialty chemicals company’s stock worth $315,734,000 after buying an additional 41,406 shares during the period. Institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Down 0.3%

PPG stock opened at $123.15 on Friday. PPG Industries, Inc. has a twelve month low of $90.24 and a twelve month high of $133.43. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 0.82. The company has a market cap of $27.52 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 1.85 and a beta of 1.16. The business’s 50-day simple moving average is $115.12 and its 200 day simple moving average is $107.70.

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

PPG Industries Dividend Announcement

The firm 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 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, February 20th. PPG Industries’s payout ratio is 40.92%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PPG shares. KeyCorp reiterated a “sector weight” rating on shares of PPG Industries in a report on Thursday, January 29th. Sanford C. Bernstein lifted their price objective on PPG Industries from $123.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Citigroup boosted their price objective on PPG Industries from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Bank of America decreased their target price 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. Finally, Zacks Research raised PPG Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $125.93.

Insider Activity

In other news, CFO Vincent J. Morales sold 78,095 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $131.00, for a total transaction of $10,230,445.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Anne M. Foulkes sold 3,594 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $124.61, for a total transaction of $447,848.34. Following the completion of the sale, the vice president directly owned 15,641 shares in the company, valued at approximately $1,949,025.01. The trade was a 18.68% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 118,811 shares of company stock worth $15,219,371. 0.33% of the stock is currently owned by corporate insiders.

About PPG Industries

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.