PPG Industries, Inc. $PPG Shares Bought by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. raised its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 22.5% in the second quarter, Holdings Channel.com reports. The fund owned 5,031 shares of the specialty chemicals company’s stock after purchasing an additional 924 shares during the period. Mufg Securities Americas Inc.’s holdings in PPG Industries were worth $572,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Meridian Wealth Management LLC lifted its stake in PPG Industries by 311.2% during the first quarter. Meridian Wealth Management LLC now owns 7,665 shares of the specialty chemicals company’s stock worth $838,000 after purchasing an additional 5,801 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of PPG Industries by 10.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 494,482 shares of the specialty chemicals company’s stock valued at $54,060,000 after buying an additional 48,177 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of PPG Industries by 3.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,734,270 shares of the specialty chemicals company’s stock valued at $298,992,000 after buying an additional 85,891 shares during the period. Jefferies Financial Group Inc. raised its holdings in shares of PPG Industries by 72.5% in the 1st quarter. Jefferies Financial Group Inc. now owns 8,194 shares of the specialty chemicals company’s stock valued at $896,000 after buying an additional 3,443 shares during the period. Finally, Avior Wealth Management LLC lifted its stake in PPG Industries by 8,828.7% during the 2nd quarter. Avior Wealth Management LLC now owns 8,393 shares of the specialty chemicals company’s stock worth $955,000 after acquiring an additional 8,299 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PPG shares. Citigroup dropped their target price on PPG Industries from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, October 6th. JPMorgan Chase & Co. lifted their price objective on shares of PPG Industries from $112.00 to $117.00 and gave the company an “overweight” rating in a report on Friday. Evercore ISI reduced their target price on shares of PPG Industries from $145.00 to $112.00 and set an “in-line” rating on the stock in a report on Tuesday, November 11th. Royal Bank Of Canada boosted their price target on shares of PPG Industries from $115.00 to $117.00 and gave the stock a “sector perform” rating in a research note on Friday, August 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PPG Industries in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, PPG Industries currently has an average rating of “Hold” and a consensus target price of $123.64.

PPG Industries Trading Up 3.8%

NYSE PPG opened at $98.79 on Monday. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $130.05. The firm has a 50 day moving average of $101.25 and a two-hundred day moving average of $108.19. The company has a quick ratio of 1.04, a current ratio of 1.47 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $22.17 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 2.13 and a beta of 1.19.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.04. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.06 billion. PPG Industries had a net margin of 6.35% and a return on equity of 24.17%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the business earned $2.13 EPS. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS. As a group, research analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, November 10th. PPG Industries’s payout ratio is 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.