Ferro Co. (NYSE:FOE) CFO Benjamin Schlater sold 7,419 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $20.83, for a total value of $154,537.77. Following the completion of the sale, the chief financial officer now directly owns 33,107 shares of the company’s stock, valued at approximately $689,618.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Benjamin Schlater also recently made the following trade(s):

  • On Thursday, February 28th, Benjamin Schlater sold 3,435 shares of Ferro stock. The stock was sold at an average price of $20.00, for a total value of $68,700.00.

FOE stock traded up $0.03 during trading on Wednesday, hitting $20.52. 2,977,435 shares of the company traded hands, compared to its average volume of 705,047. The company has a current ratio of 2.30, a quick ratio of 1.37 and a debt-to-equity ratio of 2.10. The stock has a market cap of $1.56 billion, a P/E ratio of 13.76, a P/E/G ratio of 1.06 and a beta of 1.80. Ferro Co. has a 1 year low of $14.59 and a 1 year high of $24.72.

Ferro (NYSE:FOE) last announced its quarterly earnings results on Wednesday, February 27th. The specialty chemicals company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $395.50 million during the quarter, compared to analysts’ expectations of $389.36 million. Ferro had a return on equity of 32.99% and a net margin of 4.97%. Ferro’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the business earned $0.29 earnings per share. On average, research analysts predict that Ferro Co. will post 1.6 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc purchased a new position in Ferro during the fourth quarter valued at approximately $49,000. Prudential Financial Inc. raised its position in Ferro by 8.1% during the fourth quarter. Prudential Financial Inc. now owns 10,480 shares of the specialty chemicals company’s stock valued at $164,000 after acquiring an additional 785 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Ferro by 37.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 10,823 shares of the specialty chemicals company’s stock valued at $164,000 after buying an additional 2,932 shares in the last quarter. Amalgamated Bank purchased a new stake in shares of Ferro during the fourth quarter worth approximately $192,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Ferro during the fourth quarter worth approximately $215,000. Institutional investors own 97.47% of the company’s stock.

A number of equities research analysts recently commented on FOE shares. Deutsche Bank decreased their target price on Ferro from $26.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, November 20th. Buckingham Research started coverage on Ferro in a report on Friday, January 4th. They set a “buy” rating and a $20.00 target price for the company. Zacks Investment Research cut Ferro from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 21st. Finally, ValuEngine upgraded Ferro from a “sell” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $22.50.

WARNING: This article was first posted by Watch List News and is the property of of Watch List News. If you are viewing this article on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this article can be accessed at https://www.watchlistnews.com/benjamin-schlater-sells-7419-shares-of-ferro-co-foe-stock/2905039.html.

Ferro Company 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.

Featured Article: Trading Ex-Dividend

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