Insider Selling: Ferguson plc (NASDAQ:FERG) SVP Sells $224,963.96 in Stock

Ferguson plc (NASDAQ:FERG) SVP Garland Williams sold 1,118 shares of Ferguson stock in a transaction on Monday, October 14th. The stock was 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 of the company’s stock, valued at approximately $378,696.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ferguson Price Performance

FERG stock opened at $204.59 on Friday. The company’s 50-day moving average price is $200.77 and its two-hundred day moving average price is $205.19. Ferguson plc has a 12 month low of $147.62 and a 12 month 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 $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 (NASDAQ:FERG) last announced its quarterly earnings data on Tuesday, September 17th. The company reported $2.98 earnings per share (EPS) 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 business had revenue of $7.95 billion for the quarter, compared to analysts’ expectations of $8.01 billion. During the same period last year, the firm posted $2.77 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, analysts anticipate that Ferguson plc will post 9.86 earnings per share for the current fiscal year.

Ferguson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, September 27th will be given a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Friday, September 27th. Ferguson’s dividend payout ratio (DPR) is currently 34.54%.

Analyst Ratings Changes

Several analysts recently commented on FERG shares. Citigroup lifted their target price on shares of Ferguson from $203.00 to $221.00 and gave the stock a “neutral” rating in a report on Wednesday, September 18th. Royal Bank of Canada boosted their price objective on Ferguson from $211.00 to $219.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. UBS Group increased their target price on Ferguson from $228.00 to $236.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Robert W. Baird boosted their price target on Ferguson from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Jefferies Financial Group upped their price objective on Ferguson from $238.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ferguson currently has an average rating of “Moderate Buy” and a consensus price target of $232.29.

Hedge Funds Weigh In On Ferguson

A number of hedge funds have recently modified their holdings of the business. OneAscent Financial Services LLC lifted its holdings in Ferguson by 1.9% during the 1st quarter. OneAscent Financial Services LLC now owns 2,584 shares of the company’s stock worth $565,000 after buying an additional 49 shares during the period. Perigon Wealth Management LLC lifted its stake in shares of Ferguson by 3.6% in the first quarter. Perigon Wealth Management LLC now owns 1,568 shares of the company’s stock worth $342,000 after acquiring an additional 55 shares during the period. Oppenheimer & Co. Inc. boosted its holdings 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 acquiring an additional 57 shares during the last quarter. Transatlantique Private Wealth LLC increased its position in Ferguson by 3.0% during the 2nd quarter. Transatlantique Private Wealth LLC now owns 2,035 shares of the company’s stock valued at $394,000 after purchasing an additional 60 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Ferguson by 3.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,130 shares of the company’s stock worth $412,000 after purchasing an additional 78 shares during the last quarter. Institutional investors and hedge funds own 81.98% of the company’s stock.

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.