Dimensional Fund Advisors LP lowered its stake in Ferro Corporation (NYSE:FOE) by 0.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,326,312 shares of the specialty chemicals company’s stock after selling 6,374 shares during the period. Dimensional Fund Advisors LP owned 3.97% of Ferro Corporation worth $60,837,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its holdings in Ferro Corporation by 1.0% in the second quarter. Principal Financial Group Inc. now owns 11,652 shares of the specialty chemicals company’s stock valued at $213,000 after acquiring an additional 120 shares in the last quarter. Amalgamated Bank boosted its holdings in Ferro Corporation by 5.5% in the second quarter. Amalgamated Bank now owns 10,767 shares of the specialty chemicals company’s stock valued at $197,000 after acquiring an additional 564 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in Ferro Corporation by 1.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 58,315 shares of the specialty chemicals company’s stock valued at $886,000 after acquiring an additional 1,064 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Ferro Corporation by 14.7% in the first quarter. Envestnet Asset Management Inc. now owns 13,867 shares of the specialty chemicals company’s stock valued at $211,000 after acquiring an additional 1,782 shares in the last quarter. Finally, American International Group Inc. boosted its holdings in Ferro Corporation by 7.1% in the first quarter. American International Group Inc. now owns 51,254 shares of the specialty chemicals company’s stock valued at $779,000 after acquiring an additional 3,386 shares in the last quarter. Institutional investors and hedge funds own 96.56% of the company’s stock.

Shares of Ferro Corporation (NYSE FOE) opened at 23.32 on Friday. The company has a 50-day moving average of $21.15 and a 200 day moving average of $18.56. The company has a market cap of $1.95 billion, a PE ratio of 165.39 and a beta of 2.05. Ferro Corporation has a 12-month low of $12.46 and a 12-month high of $23.59.

Ferro Corporation (NYSE:FOE) last announced its quarterly earnings data on Wednesday, July 26th. The specialty chemicals company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.04. The company had revenue of $348.60 million for the quarter, compared to the consensus estimate of $336.14 million. Ferro Corporation had a return on equity of 35.05% and a net margin of 1.06%. Ferro Corporation’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 EPS. On average, equities research analysts expect that Ferro Corporation will post $1.27 EPS for the current year.

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Several research firms recently weighed in on FOE. Zacks Investment Research upgraded shares of Ferro Corporation from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Tuesday, September 5th. BidaskClub upgraded shares of Ferro Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. KeyCorp reiterated a “buy” rating and issued a $23.00 price target on shares of Ferro Corporation in a report on Friday, September 1st. Finally, Longbow Research reiterated a “buy” rating and issued a $24.00 price target (up previously from $22.00) on shares of Ferro Corporation in a report on Wednesday, August 23rd. Six analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $23.60.

Ferro Corporation 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.

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

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