MUFG Securities EMEA plc Buys 4,879 Shares of PPG Industries, Inc. $PPG

MUFG Securities EMEA plc grew its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 112.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,199 shares of the specialty chemicals company’s stock after acquiring an additional 4,879 shares during the period. MUFG Securities EMEA plc’s holdings in PPG Industries were worth $943,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dorato Capital Management bought a new position in PPG Industries in the fourth quarter worth approximately $26,000. Quarry LP bought a new position in PPG Industries in the third quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new position in PPG Industries in the fourth quarter worth approximately $51,000. Entrust Financial LLC bought a new position in PPG Industries in the fourth quarter worth approximately $55,000. Finally, Cornerstone Planning Group LLC raised its stake in PPG Industries by 2,500.0% in the third quarter. Cornerstone Planning Group LLC now owns 572 shares of the specialty chemicals company’s stock worth $60,000 after buying an additional 550 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Evercore boosted their price objective on shares of PPG Industries from $112.00 to $128.00 in a research note on Wednesday, February 18th. BNP Paribas Exane boosted their price objective on shares of PPG Industries from $115.00 to $116.00 in a research note on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of PPG Industries in a research note on Monday, May 11th. Mizuho boosted their price objective on shares of PPG Industries from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of PPG Industries from $120.00 to $130.00 in a research note on Friday, March 27th. Five investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $121.79.

PPG Industries Stock Performance

Shares of PPG stock opened at $113.59 on Wednesday. The business’s fifty day simple moving average is $107.64 and its 200-day simple moving average is $108.69. The company has a market cap of $25.32 billion, a PE ratio of 16.20, a PEG ratio of 1.64 and a beta of 1.06. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78. PPG Industries, Inc. has a 12-month low of $93.39 and a 12-month high of $133.43.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The business had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.72 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Analysts expect that PPG Industries, Inc. will post 7.93 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, May 11th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.5%. PPG Industries’s dividend payout ratio is presently 40.51%.

PPG Industries Company 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.