Ferguson plc (NASDAQ:FERG) SVP Garland Williams Sells 1,118 Shares

Ferguson plc (NASDAQ:FERG) SVP Garland Williams sold 1,118 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $201.22, for a total value of $224,963.96. Following the completion of the transaction, the senior vice president now directly owns 1,882 shares in the company, valued at $378,696.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ferguson Stock Performance

Shares of FERG opened at $204.59 on Friday. The firm has a market capitalization of $41.31 billion, a P/E ratio of 22.36, a P/E/G ratio of 3.37 and a beta of 1.20. Ferguson plc has a 52 week low of $147.62 and a 52 week high of $225.63. The stock has a 50 day moving average price of $200.77 and a two-hundred day moving average price of $205.19. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.00 and a current ratio of 1.80.

Ferguson (NASDAQ:FERG) last announced its quarterly earnings results on Tuesday, September 17th. The company reported $2.98 earnings per share (EPS) for the quarter, topping 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 business had revenue of $7.95 billion during the quarter, compared to the consensus estimate of $8.01 billion. During the same quarter in the prior year, the company posted $2.77 earnings per share. Ferguson’s revenue was up 1.4% compared to the same quarter last year. Equities analysts forecast that Ferguson plc will post 9.86 earnings per share for the current fiscal year.

Ferguson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders 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 annualized dividend and a dividend yield of 1.54%. Ferguson’s dividend payout ratio is currently 34.54%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. OneAscent Financial Services LLC increased its stake in Ferguson by 1.9% in the 1st quarter. OneAscent Financial Services LLC now owns 2,584 shares of the company’s stock valued at $565,000 after buying an additional 49 shares during the last quarter. Perigon Wealth Management LLC increased its position in shares of Ferguson by 3.6% during the first quarter. Perigon Wealth Management LLC now owns 1,568 shares of the company’s stock valued at $342,000 after acquiring an additional 55 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Ferguson by 1.8% during the first quarter. Oppenheimer & Co. Inc. now owns 3,142 shares of the company’s stock worth $686,000 after acquiring an additional 57 shares during the period. Transatlantique Private Wealth LLC boosted its position 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 purchasing an additional 60 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Ferguson by 3.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,130 shares of the company’s stock valued at $412,000 after purchasing an additional 78 shares during the period. 81.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FERG has been the topic of several recent analyst reports. UBS Group boosted their price target on Ferguson from $228.00 to $236.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Wells Fargo & Company cut their target price on shares of Ferguson from $250.00 to $225.00 and set an “overweight” rating on the stock 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 company a “neutral” rating in a research note on Wednesday, September 18th. Jefferies Financial Group increased their price objective on shares of Ferguson from $238.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, Barclays boosted 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ferguson has an average rating of “Moderate Buy” and an average target price of $232.29.

About Ferguson

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.