Hedge Funds and Institutional Investors Show Increasing Interest in PPG Industries as Stock Performance Remains Competitive with Positive Outlook from Analysts

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.

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