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Johnson Investment Counsel sold $6.36 million worth of PPG stock, echoing the company's recent earnings miss.
Johnson Investment Counsel Inc. reduced its holdings in PPG Industries by selling 6,463 shares, totaling $6.36 million.
PPG missed earnings estimates, reporting $1.61 EPS compared to the expected $1.65.
Institutional investors own 81.86% of PPG stock, with recent activity including Banco Santander's purchase of 2,281 shares and Amundi's reduction in holdings by 25.8%.
PPG has a market cap of $26.03 billion and a price-to-earnings ratio of 24.25.
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Johnson Investment Counsel vendió acciones de PPG por valor de 6,36 millones de dólares, haciéndose eco de la reciente pérdida de ganancias de la compañía.