Mitsubishi UFJ Asset Management Co. Ltd. Invests $70 Million in PPG Industries, Inc. $PPG

Key Points

• Mitsubishi UFJ Asset Management acquired 577,133 shares of PPG Industries valued at approximately $70 million, giving it a 0.26% stake. Institutional investors and hedge funds collectively own 81.86% of PPG.
• PPG reported quarterly revenue of $4.50 billion, up 7.2% year over year and above estimates, but earnings per share of $2.23 narrowly missed consensus by $0.02. The company guided for fiscal 2026 EPS of $7.70–$8.10.
• PPG raised its quarterly dividend from $0.71 to $0.74 per share, representing an annualized dividend of $2.96 and a 2.6% yield. Analysts maintain a consensus “Hold” rating with an average price target of $126.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 577,133 shares of the specialty chemicals company's stock, valued at approximately $70,001,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.26% of PPG Industries as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP purchased a new stake in PPG Industries during the third quarter worth approximately $26,000. Resources Management Corp CT ADV raised its stake in shares of PPG Industries by 900.0% in the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company's stock valued at $26,000 after acquiring an additional 225 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of PPG Industries in the 4th quarter valued at $30,000. Elevation Wealth Partners LLC lifted its holdings in shares of PPG Industries by 1,468.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 298 shares of the specialty chemicals company's stock valued at $36,000 after acquiring an additional 279 shares in the last quarter. Finally, Essential Partners LLC lifted its holdings in shares of PPG Industries by 59.3% during the 1st quarter. Essential Partners LLC now owns 301 shares of the specialty chemicals company's stock valued at $32,000 after acquiring an additional 112 shares in the last quarter. 81.86% of the stock is owned by institutional investors and hedge funds.

PPG Industries Stock Performance

PPG Industries stock opened at $113.99 on Thursday. The stock has a market cap of $25.34 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 1.64 and a beta of 1.07. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. The stock has a 50 day moving average of $117.54 and a 200-day moving average of $114.03. PPG Industries, Inc. has a 52 week low of $93.39 and a 52 week high of $133.43.

PPG Industries (NYSE:PPG - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $4.37 billion. PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The firm's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, analysts expect that PPG Industries, Inc. will post 7.89 EPS for the current fiscal year.

PPG Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.96 annualized dividend and a yield of 2.6%. This is an increase from PPG Industries's previous quarterly dividend of $0.71. PPG Industries's dividend payout ratio (DPR) is 42.41%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group lowered their price target on PPG Industries from $130.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Royal Bank Of Canada reduced their price objective on PPG Industries from $129.00 to $122.00 and set a "sector perform" rating on the stock in a research note on Thursday, July 30th. The Goldman Sachs Group decreased their target price on PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. Wall Street Zen lowered PPG Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Citigroup dropped their target price on PPG Industries from $125.00 to $121.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $126.00.

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.

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