Sun Sep 15 10:46:59 UTC 2024: ## Choreo LLC Invests in PPG Industries, Other Institutional Investors Follow Suit

**New York, NY – September 15, 2024** – Choreo LLC has purchased a new position in PPG Industries, Inc. (NYSE:PPG), a leading manufacturer of paints, coatings, and specialty materials, during the second quarter. The institutional investor acquired 4,960 shares of the company’s stock, valued at approximately $616,000. This investment follows a trend of other institutional investors actively buying and selling shares of PPG Industries in recent months.

Wedbush Securities Inc. increased its stake in PPG by 3.5% during the second quarter, now owning 5,015 shares worth $631,000. Similarly, PFG Investments LLC boosted its position by 9.6%, acquiring 189 additional shares to reach a total of 2,148 shares valued at $270,000.

New investors also entered the scene, with Oak Thistle LLC purchasing a new stake in PPG valued at roughly $637,000. Morton Community Bank increased its position by 8.0%, now holding 21,283 shares worth $2,679,000. Varma Mutual Pension Insurance Co expanded its holdings by 10.9%, reaching 94,186 shares valued at $11,857,000.

The strong institutional interest in PPG is reflected in the fact that 81.86% of the company’s stock is owned by institutional investors.

PPG Industries’ stock opened at $126.98 on Friday, with a market capitalization of $29.78 billion. Analysts have provided a “Moderate Buy” rating on the stock, with a consensus target price of $151.08. The company recently announced a quarterly dividend of $0.68, representing a 2.14% dividend yield.

While some analysts have lowered their target price for PPG, the company continues to receive “buy” ratings from several prominent institutions, highlighting its strong performance and potential for growth.

**To learn more about PPG Industries, Inc. and the latest 13F filings and insider trades, visit HoldingsChannel.com.**

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