Mitsubishi UFJ Asset Management Co. Ltd. Has $54.33 Million Stock Position in PPG Industries, Inc. $PPG

Mitsubishi UFJ Asset Management Co. Ltd. decreased its position in PPG Industries, Inc. (NYSE:PPG) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 520,625 shares of the specialty chemicals company’s stock after selling 23,171 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in PPG Industries were worth $54,327,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Dorato Capital Management acquired a new position in PPG Industries in the 4th quarter valued at approximately $26,000. Quarry LP acquired a new position in PPG Industries in the 3rd quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in PPG Industries in the 3rd quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new position in shares of PPG Industries in the 3rd quarter worth approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of PPG Industries in the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PPG. Jefferies Financial Group dropped their target price on PPG Industries from $125.00 to $116.00 and set a “hold” rating for the company in a report on Thursday, March 26th. Wells Fargo & Company dropped their target price on PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Friday, April 10th. UBS Group increased their target price on PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. dropped their target price on PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on PPG Industries from $120.00 to $130.00 in a report on Friday, March 27th. Six research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $121.79.

PPG Industries Trading Up 0.5%

Shares of PPG opened at $109.52 on Friday. The stock has a market cap of $24.41 billion, a PE ratio of 15.62, a PEG ratio of 1.59 and a beta of 1.06. PPG Industries, Inc. has a 1 year low of $93.39 and a 1 year high of $133.43. The stock has a 50 day simple moving average of $108.44 and a 200-day simple moving average of $107.70. 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 (NYSE:PPG) last released its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 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 analyst estimates of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.PPG Industries’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, sell-side analysts predict that PPG Industries, Inc. will post 7.92 EPS 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. Investors of record on Monday, May 11th will be given a dividend of $0.71 per share. The ex-dividend date is Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a yield of 2.6%. PPG Industries’s dividend payout ratio is 40.51%.

Insider Buying and Selling

In related news, VP Anne M. Foulkes sold 3,594 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $124.61, for a total transaction of $447,848.34. Following the sale, the vice president directly owned 15,641 shares in the company, valued at $1,949,025.01. This represents a 18.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vincent J. Morales sold 78,095 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $131.00, for a total value of $10,230,445.00. The SEC filing for this sale provides additional information. 0.33% of the stock is owned by corporate 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.