Investors bought shares of PPG Industries Inc. (NYSE:PPG) on weakness during trading hours on Thursday. $37.98 million flowed into the stock on the tick-up and $24.92 million flowed out of the stock on the tick-down, for a money net flow of $13.06 million into the stock. Of all stocks tracked, PPG Industries had the 23rd highest net in-flow for the day. PPG Industries traded down ($0.84) for the day and closed at $108.63

A number of analysts have recently weighed in on the stock. Credit Suisse Group AG reaffirmed a “buy” rating on shares of PPG Industries in a research report on Wednesday, June 15th. Deutsche Bank AG reaffirmed a “buy” rating on shares of PPG Industries in a research report on Thursday, March 24th. Jefferies Group reaffirmed a “buy” rating on shares of PPG Industries in a research report on Wednesday, July 6th. Zacks Investment Research raised shares of PPG Industries from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research report on Tuesday, April 26th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $120.00 target price on shares of PPG Industries in a research report on Friday, June 17th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $119.09.

The company has a market cap of $28.90 billion and a price-to-earnings ratio of 20.61. The stock’s 50-day moving average is $106.70 and its 200-day moving average is $103.91.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Thursday, April 21st. The company reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.01. The company earned $3.67 billion during the quarter, compared to analyst estimates of $3.67 billion. The company’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.37 earnings per share. On average, equities analysts forecast that PPG Industries Inc. will post $6.30 earnings per share for the current fiscal year.

A number of hedge funds and institutional investors recently made changes to their positions in the stock. Vaughan David Investments Inc. IL increased its position in shares of PPG Industries by 0.3% in the fourth quarter. Vaughan David Investments Inc. IL now owns 183,454 shares of the company’s stock worth $18,129,000 after buying an additional 565 shares during the last quarter. Quantitative Investment Management LLC increased its position in shares of PPG Industries by 470.0% in the fourth quarter. Quantitative Investment Management LLC now owns 22,800 shares of the company’s stock valued at $2,253,000 after buying an additional 18,800 shares during the last quarter. GAM Holding AG increased its position in shares of PPG Industries by 134.1% in the fourth quarter. GAM Holding AG now owns 68,119 shares of the company’s stock valued at $6,732,000 after buying an additional 39,020 shares during the last quarter. SECOR Capital Advisors LP increased its position in shares of PPG Industries by 62.8% in the fourth quarter. SECOR Capital Advisors LP now owns 31,359 shares of the company’s stock valued at $3,099,000 after buying an additional 12,095 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of PPG Industries by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 17,288,097 shares of the company’s stock valued at $1,708,410,000 after buying an additional 326,749 shares during the last quarter.

PPG Industries, Inc (PPG) manufactures and distributes a range of coatings, specialty materials and glass products. PPG operates through three business segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish, aerospace, protective and marine, architectural-Americas and Asia Pacific, and architectural-EMEA coatings businesses.

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