Net Worth Advisory Group acquired a new stake in shares of Ferguson plc (NASDAQ:FERG - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,481 shares of the company's stock, valued at approximately $493,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OneAscent Financial Services LLC increased its position in shares of Ferguson by 1.9% during the first quarter. OneAscent Financial Services LLC now owns 2,584 shares of the company's stock worth $565,000 after purchasing an additional 49 shares in the last quarter. Perigon Wealth Management LLC increased its position in Ferguson by 3.6% during the 1st quarter. Perigon Wealth Management LLC now owns 1,568 shares of the company's stock valued at $342,000 after buying an additional 55 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Ferguson by 1.8% in the first quarter. Oppenheimer & Co. Inc. now owns 3,142 shares of the company's stock valued at $686,000 after buying an additional 57 shares during the last quarter. Transatlantique Private Wealth LLC boosted its holdings in Ferguson by 3.0% in the second quarter. Transatlantique Private Wealth LLC now owns 2,035 shares of the company's stock worth $394,000 after acquiring an additional 60 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Ferguson by 3.8% in the second quarter. GAMMA Investing LLC now owns 2,130 shares of the company's stock worth $412,000 after acquiring an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 81.98% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of Ferguson from $250.00 to $225.00 and set an "overweight" rating for the company in a research report on Wednesday, September 18th. Citigroup upped their price target on shares of Ferguson from $203.00 to $221.00 and gave the company a "neutral" rating in a research note 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. Barclays upped their target price on Ferguson from $229.00 to $245.00 and gave the company an "overweight" rating in a research report on Wednesday, September 18th. Finally, Royal Bank of Canada raised their target price on Ferguson from $211.00 to $219.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Ferguson currently has an average rating of "Moderate Buy" and an average price target of $232.29.
Get Our Latest Report on Ferguson
Insiders Place Their Bets
In related news, CAO Richard Winckler sold 1,325 shares of the company's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $201.75, for a total value of $267,318.75. Following the completion of the transaction, the chief accounting officer now owns 1,000 shares of the company's stock, valued at approximately $201,750. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO Richard Winckler sold 1,325 shares of Ferguson 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 owns 1,000 shares of the company's stock, valued at approximately $201,750. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ian T. Graham sold 5,778 shares of the company's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $201.27, for a total transaction of $1,162,938.06. Following the transaction, the insider now owns 5,938 shares of the company's stock, valued at $1,195,141.26. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,313 shares of company stock worth $2,477,901. Company insiders own 0.15% of the company's stock.
Ferguson Stock Performance
NASDAQ FERG traded down $0.62 on Friday, reaching $204.48. 1,329,353 shares of the company's stock traded hands, compared to its average volume of 2,004,542. Ferguson plc has a fifty-two week low of $147.62 and a fifty-two week high of $225.63. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.00 and a current ratio of 1.80. The firm has a market cap of $41.05 billion, a price-to-earnings ratio of 23.97, a P/E/G ratio of 3.42 and a beta of 1.20. The stock has a 50 day moving average price of $200.77 and a 200-day moving average price of $205.02.
Ferguson (NASDAQ:FERG - Get Free Report) last issued its quarterly earnings data on Tuesday, September 17th. The company reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.12. The business had revenue of $7.95 billion during the quarter, compared to analysts' expectations of $8.01 billion. Ferguson had a return on equity of 36.53% and a net margin of 5.85%. The company's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.77 EPS. Equities research analysts predict that Ferguson plc will post 9.86 EPS for the current fiscal year.
Ferguson Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, September 27th will be issued a $0.79 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.16 dividend on an annualized basis and a yield of 1.55%. Ferguson's payout ratio is 37.05%.
Ferguson Company Profile
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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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