1,881 Shares in Ferguson plc $FERG Purchased by Simplicity Wealth LLC

Key Points

• Simplicity Wealth LLC acquired 1,881 shares of Ferguson plc for approximately $410,000, as disclosed in their SEC filing.
• Ferguson recently reported quarterly earnings of $3.48 EPS, exceeding analysts' expectations by $0.48, along with revenue of $8.50 billion.
• The company declared a quarterly dividend of $0.83 per share, with a dividend yield of 1.4%, to be paid on November 7th.

Simplicity Wealth LLC bought a new position in shares of Ferguson plc (NYSE:FERG - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,881 shares of the company's stock, valued at approximately $410,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. OLD National Bancorp IN acquired a new stake in shares of Ferguson during the second quarter worth about $249,000. Boston Common Asset Management LLC lifted its holdings in shares of Ferguson by 75.1% during the second quarter. Boston Common Asset Management LLC now owns 3,192 shares of the company's stock worth $695,000 after purchasing an additional 1,369 shares during the period. 111 Capital acquired a new stake in shares of Ferguson during the second quarter worth about $2,380,000. Franklin Street Advisors Inc. NC lifted its holdings in shares of Ferguson by 11.6% during the second quarter. Franklin Street Advisors Inc. NC now owns 2,593 shares of the company's stock worth $565,000 after purchasing an additional 269 shares during the period. Finally, Ascent Group LLC lifted its holdings in shares of Ferguson by 10.5% during the second quarter. Ascent Group LLC now owns 10,447 shares of the company's stock worth $2,275,000 after purchasing an additional 993 shares during the period. Institutional investors and hedge funds own 81.98% of the company's stock.

Ferguson Price Performance

Ferguson stock opened at $234.69 on Thursday. The stock has a market capitalization of $46.03 billion, a PE ratio of 25.13, a PEG ratio of 1.90 and a beta of 1.17. Ferguson plc has a 12 month low of $146.00 and a 12 month high of $243.40. The firm has a 50 day simple moving average of $228.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 0.94.

Ferguson (NYSE:FERG - Get Free Report) last posted its quarterly earnings data on Tuesday, September 16th. The company reported $3.48 EPS for the quarter, beating analysts' consensus estimates of $3.00 by $0.48. The business had revenue of $8.50 billion during the quarter, compared to analysts' expectations of $8.44 billion. Ferguson had a return on equity of 35.21% and a net margin of 6.03%.

Ferguson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, September 26th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, September 26th. Ferguson's payout ratio is presently 35.55%.

Wall Street Analyst Weigh In

FERG has been the subject of a number of research reports. Robert W. Baird lifted their target price on Ferguson from $260.00 to $262.00 and gave the stock an "outperform" rating in a report on Wednesday, September 17th. Wall Street Zen upgraded Ferguson from a "hold" rating to a "buy" rating in a research report on Saturday, October 4th. Morgan Stanley reiterated an "overweight" rating on shares of Ferguson in a research report on Wednesday, September 10th. Barclays lifted their price target on Ferguson from $247.00 to $273.00 and gave the company an "overweight" rating in a research report on Thursday, September 18th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Ferguson in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $235.71.

Ferguson Profile

Ferguson Enterprises Inc distributes plumbing and heating products in North America. The company provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, and fabrication, as well as heating, ventilation, and air conditioning (HVAC) to residential and non-residential customers.

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