Northern Trust Corp Buys 26,246 Shares of Ferro Co. (FOE)

Northern Trust Corp boosted its stake in shares of Ferro Co. (NYSE:FOE) by 2.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,114,729 shares of the specialty chemicals company’s stock after buying an additional 26,246 shares during the period. Northern Trust Corp owned 1.32% of Ferro worth $23,242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC boosted its stake in Ferro by 7.6% during the second quarter. MetLife Investment Advisors LLC now owns 38,898 shares of the specialty chemicals company’s stock worth $811,000 after buying an additional 2,753 shares during the last quarter. Rhumbline Advisers boosted its stake in Ferro by 4.0% during the second quarter. Rhumbline Advisers now owns 81,371 shares of the specialty chemicals company’s stock worth $1,697,000 after buying an additional 3,134 shares during the last quarter. Sei Investments Co. boosted its stake in Ferro by 4.6% during the second quarter. Sei Investments Co. now owns 77,436 shares of the specialty chemicals company’s stock worth $1,615,000 after buying an additional 3,423 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new position in Ferro during the first quarter worth $100,000. Finally, UBS Group AG boosted its stake in Ferro by 46.0% during the first quarter. UBS Group AG now owns 16,846 shares of the specialty chemicals company’s stock worth $391,000 after buying an additional 5,309 shares during the last quarter. 96.35% of the stock is currently owned by institutional investors.

In other news, General Counsel Mark Hugo Duesenberg sold 11,000 shares of the company’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $22.49, for a total value of $247,390.00. Following the transaction, the general counsel now owns 179,631 shares of the company’s stock, valued at approximately $4,039,901.19. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.02% of the company’s stock.



FOE has been the topic of a number of recent research reports. Gabelli reissued a “buy” rating on shares of Ferro in a research note on Friday, July 27th. Zacks Investment Research raised Ferro from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, August 14th. Finally, ValuEngine lowered Ferro from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Ferro has a consensus rating of “Buy” and a consensus price target of $27.00.

Shares of Ferro stock opened at $16.11 on Friday. Ferro Co. has a 52 week low of $15.62 and a 52 week high of $25.50. The firm has a market capitalization of $1.36 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 0.65 and a beta of 1.70. The company has a current ratio of 2.67, a quick ratio of 1.56 and a debt-to-equity ratio of 2.12.

Ferro Profile

Ferro Corporation produces specialty materials in the United States and internationally. It operates through four business units: Tile Coating Systems; Porcelain Enamel; Performance Colors and Glass; and Color Solutions. The company offers frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings.

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Institutional Ownership by Quarter for Ferro (NYSE:FOE)

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