Asset Management One Co. Ltd. boosted its position in Ferguson plc (NYSE:FERG - Free Report) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,734 shares of the company's stock after buying an additional 1,617 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Ferguson were worth $16,927,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Hemington Wealth Management boosted its holdings in Ferguson by 51.5% in the 2nd quarter. Hemington Wealth Management now owns 153 shares of the company's stock valued at $33,000 after purchasing an additional 52 shares during the period. Fifth Third Bancorp boosted its holdings in Ferguson by 230.8% in the 2nd quarter. Fifth Third Bancorp now owns 172 shares of the company's stock valued at $37,000 after purchasing an additional 120 shares during the period. Maseco LLP bought a new stake in Ferguson in the 2nd quarter valued at $40,000. TD Private Client Wealth LLC boosted its holdings in Ferguson by 56.5% in the 1st quarter. TD Private Client Wealth LLC now owns 205 shares of the company's stock valued at $33,000 after purchasing an additional 74 shares during the period. Finally, Brooklyn Investment Group boosted its holdings in Ferguson by 103.6% in the 1st quarter. Brooklyn Investment Group now owns 226 shares of the company's stock valued at $36,000 after purchasing an additional 115 shares during the period. 81.98% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of Ferguson from $250.00 to $275.00 and gave the company an "overweight" rating in a report on Wednesday, September 17th. JPMorgan Chase & Co. increased their price target on shares of Ferguson from $225.00 to $245.00 and gave the company an "overweight" rating in a report on Wednesday, October 15th. Wall Street Zen raised shares of Ferguson from a "hold" rating to a "buy" rating in a report on Monday, October 20th. Zacks Research raised shares of Ferguson to a "hold" rating in a report on Friday, August 8th. Finally, Truist Financial raised their price objective on shares of Ferguson from $240.00 to $260.00 and gave the stock a "buy" rating in a report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $240.80.
Check Out Our Latest Stock Report on Ferguson
Ferguson Stock Up 1.8%
Shares of FERG stock opened at $249.40 on Friday. Ferguson plc has a 12-month low of $146.00 and a 12-month high of $251.15. The company has a market cap of $48.88 billion, a P/E ratio of 26.70, a P/E/G ratio of 2.05 and a beta of 1.17. The company's 50-day moving average price is $232.09. The company has a quick ratio of 0.94, a current ratio of 1.68 and a debt-to-equity ratio of 0.64.
Ferguson (NYSE:FERG - Get Free Report) last issued its quarterly earnings results on Tuesday, September 16th. The company reported $3.48 EPS for the quarter, topping the consensus estimate of $3.00 by $0.48. Ferguson had a net margin of 6.03% and a return on equity of 35.21%. The company had revenue of $8.50 billion during the quarter, compared to analysts' expectations of $8.44 billion.
Ferguson Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, September 26th will be given a dividend of $0.83 per share. The ex-dividend date is Friday, September 26th. This represents a $3.32 annualized dividend and a dividend yield of 1.3%. Ferguson's payout ratio is currently 35.55%.
Insider Activity at Ferguson
In related news, CAO Richard Winckler sold 1,034 shares of the business's stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $232.70, for a total transaction of $240,611.80. Following the completion of the transaction, the chief accounting officer owned 1,458 shares in the company, valued at approximately $339,276.60. The trade was a 41.49% 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 link. Also, insider Ian T. Graham sold 606 shares of the business's stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $239.33, for a total transaction of $145,033.98. Following the transaction, the insider owned 7,714 shares of the company's stock, valued at approximately $1,846,191.62. This represents a 7.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,264 shares of company stock worth $6,853,349 over the last 90 days. Insiders own 0.18% of the company's stock.
About Ferguson
(
Free Report)
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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Want to see what other hedge funds are holding FERG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ferguson plc (NYSE:FERG - Free Report).
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