Russell Investments Group Ltd. bought a new position in Ferro Corporation (NYSE:FOE) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 21,251 shares of the specialty chemicals company’s stock, valued at approximately $389,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. James Investment Research Inc. acquired a new stake in shares of Ferro Corporation in the 2nd quarter worth about $3,045,000. Bank of Montreal Can raised its holdings in shares of Ferro Corporation by 68,769.9% in the 2nd quarter. Bank of Montreal Can now owns 240,356 shares of the specialty chemicals company’s stock worth $4,396,000 after acquiring an additional 240,007 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Ferro Corporation in the 1st quarter worth about $2,838,000. Goldman Sachs Group Inc. raised its holdings in shares of Ferro Corporation by 11.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 158,491 shares of the specialty chemicals company’s stock worth $2,407,000 after acquiring an additional 16,491 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Ferro Corporation by 4.1% in the 1st quarter. HighTower Advisors LLC now owns 176,790 shares of the specialty chemicals company’s stock worth $2,681,000 after acquiring an additional 7,040 shares during the last quarter. Institutional investors own 96.56% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Russell Investments Group Ltd. Buys Shares of 21,251 Ferro Corporation (FOE)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2017/09/22/russell-investments-group-ltd-buys-shares-of-21251-ferro-corporation-foe.html.

A number of research firms recently weighed in on FOE. Zacks Investment Research lowered shares of Ferro Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. BidaskClub upgraded shares of Ferro Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Longbow Research restated a “buy” rating and issued a $24.00 target price (up previously from $22.00) on shares of Ferro Corporation in a report on Wednesday, August 23rd. Deutsche Bank AG restated a “buy” rating and issued a $22.00 target price (up previously from $20.00) on shares of Ferro Corporation in a report on Monday, July 31st. Finally, KeyCorp restated a “buy” rating and issued a $23.00 target price on shares of Ferro Corporation in a report on Friday, September 1st. Six analysts have rated the stock with a buy rating, Ferro Corporation presently has a consensus rating of “Buy” and a consensus target price of $22.40.

Shares of Ferro Corporation (FOE) traded up 1.17% during midday trading on Friday, reaching $21.55. 403,047 shares of the company’s stock were exchanged. Ferro Corporation has a 12-month low of $12.35 and a 12-month high of $21.61. The firm has a 50-day moving average of $19.47 and a 200-day moving average of $17.54. The stock has a market capitalization of $1.80 billion, a P/E ratio of 152.84 and a beta of 2.02.

Ferro Corporation (NYSE:FOE) last issued its quarterly earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. Ferro Corporation had a net margin of 1.06% and a return on equity of 35.05%. The company had revenue of $348.60 million during the quarter, compared to analysts’ expectations of $336.14 million. During the same period last year, the company posted $0.34 EPS. Ferro Corporation’s revenue was up 17.0% on a year-over-year basis. Analysts anticipate that Ferro Corporation will post $1.27 EPS for the current fiscal year.

Ferro Corporation Company Profile

Ferro Corporation (Ferro) produces specialty materials that are sold to a range of manufacturers. The Company’s segments include Performance Coatings; Performance Colors and Glass, and Pigments, Powders and Oxides. Its Performance Coatings segment includes Tile Coating Systems and Porcelain Enamel. Its manufacturers make products for various end-use markets.

Want to see what other hedge funds are holding FOE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ferro Corporation (NYSE:FOE).

Institutional Ownership by Quarter for Ferro Corporation (NYSE:FOE)

Receive News & Stock Ratings for Ferro Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferro Corporation and related stocks with our FREE daily email newsletter.