UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Holdings in PPG Industries, Inc. $PPG

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of PPG Industries, Inc. (NYSE:PPG) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,049,929 shares of the specialty chemicals company’s stock after selling 6,956 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.92% of PPG Industries worth $248,636,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. New Mexico Educational Retirement Board increased its holdings in shares of PPG Industries by 7.8% in the second quarter. New Mexico Educational Retirement Board now owns 11,118 shares of the specialty chemicals company’s stock valued at $1,349,000 after purchasing an additional 800 shares during the period. Royal London Asset Management Ltd. grew its holdings in PPG Industries by 2.2% in the second quarter. Royal London Asset Management Ltd. now owns 67,696 shares of the specialty chemicals company’s stock valued at $8,211,000 after purchasing an additional 1,469 shares during the last quarter. Mufg Securities Americas Inc. increased its stake in shares of PPG Industries by 8.1% during the 2nd quarter. Mufg Securities Americas Inc. now owns 6,714 shares of the specialty chemicals company’s stock worth $814,000 after purchasing an additional 505 shares in the last quarter. Nissay Asset Management Corp Japan raised its stake in PPG Industries by 3.2% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 31,225 shares of the specialty chemicals company’s stock valued at $3,787,000 after purchasing an additional 959 shares during the last quarter. Finally, Navellier & Associates Inc. purchased a new position in shares of PPG Industries during the second quarter valued at approximately $218,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PPG has been the topic of a number of research analyst reports. Weiss Ratings raised PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Mizuho raised their price objective on PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Bank of America upgraded shares of PPG Industries from a “neutral” rating to a “buy” rating and lifted their target price for the company from $127.00 to $134.00 in a report on Friday, July 17th. Wall Street Zen cut PPG Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, BMO Capital Markets decreased their price objective on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. Seven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $126.00.

PPG Industries Price Performance

Shares of NYSE:PPG opened at $112.48 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. The firm has a 50-day simple moving average of $116.64 and a 200 day simple moving average of $113.48. The company has a market cap of $25.00 billion, a PE ratio of 16.11, a P/E/G ratio of 1.66 and a beta of 1.07. PPG Industries, Inc. has a fifty-two week low of $93.39 and a fifty-two week high of $133.43.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). The company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.37 billion. PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, sell-side analysts anticipate that PPG Industries, Inc. will post 7.88 EPS for the current year.

PPG Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Monday, August 10th. PPG Industries’s dividend payout ratio is presently 42.41%.

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.