Ferguson plc (NASDAQ:FERG) Stock Position Lessened by Glenmede Trust Co. NA

Glenmede Trust Co. NA trimmed its stake in Ferguson plc (NASDAQ:FERG - Free Report) by 51.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,351 shares of the company's stock after selling 6,780 shares during the period. Glenmede Trust Co. NA's holdings in Ferguson were worth $1,261,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its holdings in Ferguson by 3.5% in the 3rd quarter. FMR LLC now owns 8,468,003 shares of the company's stock worth $1,668,462,000 after acquiring an additional 288,935 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Ferguson by 375.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,289,864 shares of the company's stock valued at $1,218,032,000 after buying an additional 4,966,821 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ferguson by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,563,558 shares of the company's stock worth $302,781,000 after purchasing an additional 153,757 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of Ferguson by 5.9% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,412,652 shares of the company's stock valued at $280,510,000 after acquiring an additional 79,152 shares during the last quarter. Finally, First Pacific Advisors LP increased its holdings in shares of Ferguson by 1.4% in the 2nd quarter. First Pacific Advisors LP now owns 1,104,289 shares of the company's stock worth $213,846,000 after buying an additional 15,700 shares during the last quarter. Institutional investors own 81.98% of the company's stock.

Analyst Upgrades and Downgrades

FERG has been the topic of several recent analyst reports. Wells Fargo & Company increased their price target on Ferguson from $225.00 to $232.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Royal Bank of Canada upped their price objective on Ferguson from $211.00 to $219.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 18th. Citigroup lifted their price target on shares of Ferguson from $203.00 to $221.00 and gave the stock a "neutral" rating in a report on Wednesday, September 18th. UBS Group lifted their price objective on shares of Ferguson from $228.00 to $236.00 and gave the stock a "buy" rating in a research note on Wednesday, September 18th. Finally, Oppenheimer began coverage on shares of Ferguson in a research note on Wednesday, October 23rd. They set an "outperform" rating and a $234.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $233.38.

Insider Activity at Ferguson

In other Ferguson news, SVP Garland Williams sold 1,118 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $201.22, for a total transaction of $224,963.96. Following the transaction, the senior vice president now directly owns 1,882 shares in the company, valued at $378,696.04. This represents a 37.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Michael Jacobs sold 2,624 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $200.96, for a total transaction of $527,319.04. Following the transaction, the vice president now directly owns 1,116 shares in the company, valued at $224,271.36. The trade was a 70.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,313 shares of company stock worth $2,477,901. Corporate insiders own 0.16% of the company's stock.

Ferguson Stock Performance

Shares of FERG traded down $1.83 during midday trading on Monday, reaching $214.10. 1,398,269 shares of the stock were exchanged, compared to its average volume of 1,270,738. 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 plc has a twelve month low of $167.09 and a twelve month high of $225.63. The business's 50-day moving average price is $201.96 and its 200 day moving average price is $202.40. The company has a market capitalization of $42.98 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 2.10 and a beta of 1.21.

Ferguson (NASDAQ:FERG - Get Free Report) last posted its quarterly earnings data on Tuesday, September 17th. The company reported $2.98 earnings per share for the quarter, beating analysts' consensus estimates of $2.86 by $0.12. Ferguson had a net margin of 5.85% and a return on equity of 36.53%. The firm had revenue of $7.95 billion for the quarter, compared to analyst estimates of $8.01 billion. During the same period last year, the firm posted $2.77 EPS. Ferguson's quarterly revenue was up 1.4% on a year-over-year basis. On average, sell-side analysts expect that Ferguson plc will post 9.77 EPS for the current fiscal year.

Ferguson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, September 27th were issued a $0.79 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.48%. Ferguson's dividend payout ratio (DPR) is 37.05%.

Ferguson Profile

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.