Barclays PLC boosted its position in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 76.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 867,593 shares of the company's stock after buying an additional 377,283 shares during the period. Barclays PLC owned 0.43% of Ferguson worth $172,281,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Frank Rimerman Advisors LLC lifted its stake in shares of Ferguson by 1.8% in the third quarter. Frank Rimerman Advisors LLC now owns 3,307 shares of the company's stock worth $657,000 after buying an additional 57 shares in the last quarter. Transatlantique Private Wealth LLC lifted its stake in Ferguson by 3.0% in the 2nd quarter. Transatlantique Private Wealth LLC now owns 2,035 shares of the company's stock worth $394,000 after purchasing an additional 60 shares in the last quarter. Mayflower Financial Advisors LLC boosted its holdings in shares of Ferguson by 3.2% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 1,952 shares of the company's stock worth $388,000 after purchasing an additional 61 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Ferguson by 33.8% in the third quarter. Farther Finance Advisors LLC now owns 364 shares of the company's stock valued at $72,000 after purchasing an additional 92 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Ferguson by 4.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,416 shares of the company's stock worth $468,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 81.98% of the company's stock.
Ferguson Stock Down 0.6 %
Shares of FERG stock traded down $1.25 during trading on Wednesday, reaching $193.69. The company's stock had a trading volume of 3,081,229 shares, compared to its average volume of 1,309,352. Ferguson plc has a 1-year low of $180.98 and a 1-year high of $225.63. The stock's 50-day moving average price is $203.92 and its 200 day moving average price is $202.55. The company has a market capitalization of $38.88 billion, a price-to-earnings ratio of 22.71, a P/E/G ratio of 2.11 and a beta of 1.21. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.80 and a quick ratio of 1.00.
Ferguson (NASDAQ:FERG - Get Free Report) last posted its quarterly earnings results on Tuesday, September 17th. The company reported $2.98 EPS for the quarter, topping the consensus estimate of $2.86 by $0.12. The business had revenue of $7.95 billion during the quarter, compared to the consensus estimate of $8.01 billion. Ferguson had a net margin of 5.85% and a return on equity of 36.53%. The company's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.77 earnings per share. On average, research analysts anticipate that Ferguson plc will post 9.77 EPS for the current year.
Ferguson Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Friday, December 20th will be given a $0.83 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $3.32 dividend on an annualized basis and a yield of 1.71%. This is a positive change from Ferguson's previous quarterly dividend of $0.79. Ferguson's dividend payout ratio (DPR) is currently 37.05%.
Insider Activity
In other news, CAO Richard Winckler sold 1,325 shares of the firm's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $201.75, for a total value of $267,318.75. Following the sale, the chief accounting officer now directly owns 1,000 shares in the company, valued at approximately $201,750. This trade represents a 56.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Garland Williams sold 1,118 shares of the business's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $201.22, for a total transaction of $224,963.96. Following the transaction, the senior vice president now owns 1,882 shares of the company's stock, valued at approximately $378,696.04. The trade was a 37.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,313 shares of company stock worth $2,477,901. 0.16% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several analysts have recently commented on FERG shares. Oppenheimer started coverage on shares of Ferguson in a research report on Wednesday, October 23rd. They set an "outperform" rating and a $234.00 price target on the stock. Robert W. Baird decreased their price target on Ferguson from $230.00 to $225.00 and set an "outperform" rating on the stock in a research note on Wednesday. Barclays raised their price objective on Ferguson from $229.00 to $245.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 18th. Wells Fargo & Company decreased their target price on shares of Ferguson from $232.00 to $220.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, Citigroup increased their target price on shares of Ferguson from $203.00 to $221.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 18th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $232.22.
Get Our Latest Research Report on FERG
Ferguson Profile
(
Free Report)
Ferguson plc distributes plumbing and heating products in the United States and Canada. It offers plumbing and heating solutions to customers in the residential, commercial, civil/infrastructure, and industrial end markets. The company also provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, fabrication, and others, as well as heating, ventilation, and air conditioning products under the Ferguson brand name.
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