Hedge funds and institutional investors are increasingly showing interest in PPG Industries, a leading specialty chemicals company, as its stock performance remains competitive and analysts have a positive outlook on its future growth prospects. Clear Street Markets LLC purchased a new stake in the company during the fourth quarter of last year, while Massmutual Trust Co. FSB ADV and Parkside Financial Bank & Trust increased their positions in PPG Industries during the first quarter. Achmea Investment Management B.V. and Ellevest Inc. also acquired new positions in the company, signaling a high degree of interest from these entities.
Currently, approximately 78.95% of PPG Industries' stock is owned by these hedge funds and institutional investors. The company's stock price opened at $138.04 on Friday, with a fifty-day simple moving average of $144.25 and a two-hundred-day simple moving average of $137.59. Analysts have recently upgraded their target prices for PPG Industries, reflecting a positive outlook on the company's performance. With mixed opinions from analysts, it is important for investors to carefully evaluate the company before making any investment decisions.