UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 60,301 Shares of PPG Industries, Inc. $PPG

Key Points

• UBS Asset Management increased its position in PPG Industries by 2.9%, acquiring an additional 60,301 shares, bringing its total ownership to approximately 2.17 million shares valued at $237.81 million.
• Analysts have raised their price targets for PPG Industries, with UBS Group raising it from $111 to $125, and consensus rating is "Moderate Buy" with a target of $129.82.
• PPG Industries announced a quarterly dividend of $0.71 per share, reflecting an increase from the previous $0.68, resulting in an annual yield of 2.5%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,174,762 shares of the specialty chemicals company's stock after acquiring an additional 60,301 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.96% of PPG Industries worth $237,810,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PPG. Brighton Jones LLC boosted its position in PPG Industries by 9.1% during the 4th quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company's stock valued at $487,000 after acquiring an additional 339 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of PPG Industries in the 4th quarter worth approximately $568,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of PPG Industries by 17.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,879 shares of the specialty chemicals company's stock worth $3,330,000 after purchasing an additional 4,240 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its position in shares of PPG Industries by 20.2% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 9,830 shares of the specialty chemicals company's stock worth $1,174,000 after purchasing an additional 1,652 shares in the last quarter. Finally, Nomura Holdings Inc. boosted its position in shares of PPG Industries by 38.6% in the 4th quarter. Nomura Holdings Inc. now owns 13,961 shares of the specialty chemicals company's stock worth $1,668,000 after purchasing an additional 3,891 shares in the last quarter. 81.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PPG shares. UBS Group boosted their price target on PPG Industries from $111.00 to $125.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada boosted their price target on PPG Industries from $115.00 to $117.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. Mizuho boosted their price target on PPG Industries from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Citigroup boosted their price target on PPG Industries from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. Finally, Wells Fargo & Company boosted their price target on PPG Industries from $125.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.82.

PPG Industries Price Performance

Shares of PPG opened at $111.90 on Friday. The firm has a market cap of $25.26 billion, a PE ratio of 25.37, a P/E/G ratio of 2.25 and a beta of 1.14. The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.76. The firm has a fifty day simple moving average of $111.93 and a two-hundred day simple moving average of $110.20. PPG Industries, Inc. has a 1-year low of $90.24 and a 1-year high of $137.24.

PPG Industries (NYSE:PPG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share for the quarter, meeting analysts' consensus estimates of $2.22. The business had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.16 billion. PPG Industries had a net margin of 6.25% and a return on equity of 23.85%. The company's quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.50 EPS. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. On average, equities analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.71 per share. The ex-dividend date is Monday, August 11th. This represents a $2.84 dividend on an annualized basis and a yield of 2.5%. This is a boost from PPG Industries's previous quarterly dividend of $0.68. PPG Industries's dividend payout ratio (DPR) is presently 64.40%.

PPG Industries Company Profile

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.

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