Sequoia Financial Advisors LLC Has $804,000 Stock Holdings in Ferguson plc $FERG

Key Points

• Sequoia Financial Advisors LLC increased its stake in Ferguson plc by 53.2%, owning 3,694 shares valued at $804,000 as of the latest SEC filing.
• Insiders Ian T. Graham and Kevin Michael Murphy sold a combined 13,664 shares of Ferguson stock on October 13, reducing their positions by 38.50% and 5.22%, respectively.
• Ferguson recently reported quarterly earnings of $3.48 EPS, exceeding analysts' expectations, and declared a $0.83 dividend for shareholders, representing a yield of 1.4%.

Sequoia Financial Advisors LLC grew its holdings in shares of Ferguson plc (NYSE:FERG - Free Report) by 53.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,694 shares of the company's stock after buying an additional 1,282 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Ferguson were worth $804,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Hemington Wealth Management boosted its holdings in Ferguson by 51.5% during the second quarter. Hemington Wealth Management now owns 153 shares of the company's stock worth $33,000 after purchasing an additional 52 shares during the last quarter. US Bancorp DE raised its position in Ferguson by 0.8% in the first quarter. US Bancorp DE now owns 7,394 shares of the company's stock worth $1,185,000 after acquiring an additional 59 shares during the period. Compound Planning Inc. raised its position in Ferguson by 4.6% in the first quarter. Compound Planning Inc. now owns 1,386 shares of the company's stock worth $222,000 after acquiring an additional 61 shares during the period. TD Private Client Wealth LLC raised its position in shares of Ferguson by 56.5% in the first 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, Cidel Asset Management Inc. raised its position in shares of Ferguson by 6.5% in the first quarter. Cidel Asset Management Inc. now owns 1,284 shares of the company's stock valued at $206,000 after purchasing an additional 78 shares during the period. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ferguson news, insider Ian T. Graham sold 4,864 shares of the business's stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $233.22, for a total value of $1,134,382.08. Following the completion of the transaction, the insider owned 7,769 shares of the company's stock, valued at $1,811,886.18. The trade was a 38.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kevin Michael Murphy sold 8,800 shares of the business's stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $234.13, for a total transaction of $2,060,344.00. Following the completion of the transaction, the insider directly owned 159,931 shares of the company's stock, valued at approximately $37,444,645.03. This represents a 5.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,264 shares of company stock worth $6,853,349. 0.16% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FERG. Wells Fargo & Company boosted their price target on shares of Ferguson from $250.00 to $275.00 and gave the company an "overweight" rating in a research report on Wednesday, September 17th. Truist Financial boosted their price target on shares of Ferguson from $240.00 to $260.00 and gave the company a "buy" rating in a research report on Wednesday, September 17th. Zacks Research raised shares of Ferguson to a "hold" rating in a research note on Friday, August 8th. Oppenheimer boosted their price objective on shares of Ferguson from $235.00 to $255.00 and gave the company an "outperform" rating in a research note on Wednesday, September 17th. Finally, UBS Group boosted their price objective on shares of Ferguson from $204.00 to $225.00 and gave the company a "neutral" rating in a research note on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Ferguson has an average rating of "Moderate Buy" and a consensus price target of $237.14.

Ferguson Price Performance

FERG stock opened at $237.02 on Friday. The company has a current ratio of 1.68, a quick ratio of 0.94 and a debt-to-equity ratio of 0.64. Ferguson plc has a one year low of $146.00 and a one year high of $243.40. The stock has a market cap of $46.45 billion, a PE ratio of 25.38, a PEG ratio of 1.95 and a beta of 1.17. The business has a 50 day moving average of $230.41.

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

Ferguson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, September 26th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, September 26th. Ferguson's payout ratio is currently 35.55%.

Ferguson Company 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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