Scott Capital Advisors LLC Purchases 404 Shares of Ferguson plc (NASDAQ:FERG)

Scott Capital Advisors LLC lifted its position in Ferguson plc (NASDAQ:FERG) by 26.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,914 shares of the company’s stock after purchasing an additional 404 shares during the period. Scott Capital Advisors LLC’s holdings in Ferguson were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. V Square Quantitative Management LLC raised its position in shares of Ferguson by 73.9% during the fourth quarter. V Square Quantitative Management LLC now owns 3,540 shares of the company’s stock valued at $683,000 after buying an additional 1,504 shares during the last quarter. Richardson Financial Services Inc. bought a new stake in shares of Ferguson during the fourth quarter worth $25,000. Wellington Management Group LLP bought a new stake in shares of Ferguson during the fourth quarter worth $32,536,000. Symmetry Partners LLC bought a new stake in shares of Ferguson in the first quarter valued at about $480,000. Finally, Timber Creek Capital Management LLC bought a new stake in shares of Ferguson in the first quarter valued at about $2,977,000. 81.98% of the stock is owned by institutional investors.

Ferguson Price Performance

Shares of FERG stock traded down $0.31 during trading hours on Friday, hitting $197.78. 181,448 shares of the company’s stock were exchanged, compared to its average volume of 1,256,477. The firm has a 50 day moving average of $200.37 and a two-hundred day moving average of $205.87. Ferguson plc has a fifty-two week low of $147.62 and a fifty-two 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 firm has a market cap of $39.70 billion, a P/E ratio of 20.39, a P/E/G ratio of 3.31 and a beta of 1.20.

Ferguson (NASDAQ:FERG) last posted its quarterly earnings data on Tuesday, September 17th. The company reported $2.98 EPS for the quarter, beating the consensus estimate of $2.86 by $0.12. Ferguson had a return on equity of 36.53% and a net margin of 5.85%. The firm had revenue of $7.95 billion during the quarter, compared to the consensus estimate of $8.01 billion. During the same period in the prior year, the company earned $2.77 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. Sell-side analysts forecast that Ferguson plc will post 9.86 EPS for the current year.

Ferguson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.79 per share. The ex-dividend date is Friday, September 27th. This represents a $3.16 annualized dividend and a dividend yield of 1.60%. Ferguson’s dividend payout ratio is presently 37.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FERG shares. Robert W. Baird boosted their target price on shares of Ferguson from $222.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Royal Bank of Canada boosted their price target on Ferguson from $211.00 to $219.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. Citigroup upped their target price on Ferguson from $203.00 to $221.00 and gave the company a “neutral” rating in a research report 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, UBS Group upped their price objective on Ferguson from $228.00 to $236.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.57.

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.