Cerity Partners LLC increased its holdings in shares of Ferguson plc (NASDAQ:FERG – Free Report) by 176.6% during the third quarter, HoldingsChannel.com reports. The fund owned 10,147 shares of the company’s stock after buying an additional 6,479 shares during the period. Cerity Partners LLC’s holdings in Ferguson were worth $2,015,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Asset Dedication LLC acquired a new position in shares of Ferguson during the 3rd quarter worth approximately $27,000. EdgeRock Capital LLC acquired a new position in Ferguson during the second quarter worth $32,000. Capital Performance Advisors LLP purchased a new stake in Ferguson in the 3rd quarter valued at $37,000. Peterson Financial Group Inc. acquired a new stake in shares of Ferguson in the 3rd quarter worth $39,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Ferguson during the 3rd quarter worth $40,000. Hedge funds and other institutional investors own 81.98% of the company’s stock.
Wall Street Analysts Forecast Growth
FERG has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on shares of Ferguson from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Oppenheimer initiated coverage on shares of Ferguson in a research note on Wednesday, October 23rd. They issued an “outperform” rating and a $234.00 price target for the company. UBS Group lifted their price target on shares of Ferguson from $228.00 to $236.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Barclays increased 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. Finally, Citigroup upped their price target on Ferguson from $203.00 to $221.00 and gave the company a “neutral” rating in a research note on Wednesday, September 18th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $233.38.
Ferguson Trading Up 1.2 %
FERG opened at $215.93 on Monday. Ferguson plc has a 52 week low of $167.09 and a 52 week high of $225.63. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 0.89. The business has a fifty day simple moving average of $201.96 and a 200-day simple moving average of $202.53. The firm has a market cap of $43.35 billion, a P/E ratio of 25.31, a P/E/G ratio of 2.10 and a beta of 1.20.
Ferguson (NASDAQ:FERG – Get Free Report) last announced its earnings results on Tuesday, September 17th. The company reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.12. The company 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%. Ferguson’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the business posted $2.77 EPS. On average, equities analysts expect that Ferguson plc will post 9.77 earnings per share for the current year.
Ferguson Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, September 27th were paid a $0.79 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.16 annualized dividend and a dividend yield of 1.46%. Ferguson’s dividend payout ratio (DPR) is 37.05%.
Insider Transactions at Ferguson
In related news, insider Ian T. Graham sold 5,778 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $201.27, for a total transaction of $1,162,938.06. Following the sale, the insider now directly owns 5,938 shares in the company, valued at approximately $1,195,141.26. This represents a 49.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael Jacobs sold 2,624 shares of Ferguson stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $200.96, for a total transaction of $527,319.04. Following the completion of the transaction, the vice president now owns 1,116 shares of the company’s stock, valued at $224,271.36. This represents a 70.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,313 shares of company stock valued at $2,477,901. 0.16% of the stock is currently owned by company insiders.
Ferguson Company 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.
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