Insider Selling: Ferguson (NYSE:FERG) VP Sells 1,600 Shares of Stock

Key Points

• Robert Anthony Jr. Camposano, VP of Ferguson plc, sold 1,600 shares at an average price of $233.23, resulting in a total value of $373,168 and a 16.24% decrease in his position.
• Ferguson announced a quarterly dividend of $0.83, with an annualized yield of 1.4%, payable to stockholders of record on September 26th.
• Ferguson reported $3.48 EPS for the last quarter, exceeding estimates, and had a revenue of $8.50 billion, also surpassing analyst expectations.

Ferguson plc (NYSE:FERG - Get Free Report) VP Robert Anthony Jr. Camposano sold 1,600 shares of the company's stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $233.23, for a total value of $373,168.00. Following the completion of the transaction, the vice president directly owned 8,255 shares of the company's stock, valued at approximately $1,925,313.65. This trade represents a 16.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Ferguson Stock Down 1.4%

Ferguson stock traded down $3.34 during trading hours on Wednesday, hitting $237.08. The stock had a trading volume of 557,061 shares, compared to its average volume of 1,754,202. The company's 50-day simple moving average is $229.59. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.94 and a current ratio of 1.68. The stock has a market cap of $46.50 billion, a P/E ratio of 25.34, a PEG ratio of 1.93 and a beta of 1.17. Ferguson plc has a fifty-two week low of $146.00 and a fifty-two week high of $243.40.

Ferguson (NYSE:FERG - Get Free Report) last posted its quarterly earnings results on Tuesday, September 16th. The company reported $3.48 EPS for the quarter, beating the consensus estimate of $3.00 by $0.48. The firm 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, September 26th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, September 26th. Ferguson's dividend payout ratio is currently 35.55%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. World Investment Advisors bought a new position in shares of Ferguson in the 3rd quarter worth $261,000. Founders Financial Securities LLC bought a new position in shares of Ferguson in the 3rd quarter worth $212,000. Swedbank AB boosted its position in shares of Ferguson by 1.4% in the 3rd quarter. Swedbank AB now owns 134,792 shares of the company's stock worth $30,272,000 after purchasing an additional 1,832 shares during the last quarter. Optas LLC boosted its position in shares of Ferguson by 118.4% in the 3rd quarter. Optas LLC now owns 2,429 shares of the company's stock worth $546,000 after purchasing an additional 1,317 shares during the last quarter. Finally, Net Worth Advisory Group boosted its position in shares of Ferguson by 4.5% in the 3rd quarter. Net Worth Advisory Group now owns 1,314 shares of the company's stock worth $295,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 81.98% of the company's stock.

Analyst Ratings Changes

FERG has been the topic of several analyst reports. Royal Bank Of Canada upped their price objective on Ferguson from $231.00 to $243.00 and gave the company an "outperform" rating in a research note on Wednesday, September 17th. Morgan Stanley reiterated an "overweight" rating on shares of Ferguson in a research note on Wednesday, September 10th. Barclays upped their price objective on Ferguson from $247.00 to $273.00 and gave the company an "overweight" rating in a research note on Thursday, September 18th. Oppenheimer upped their price objective on Ferguson from $235.00 to $255.00 and gave the company an "outperform" rating in a research note on Wednesday, September 17th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Ferguson in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $237.14.

About Ferguson

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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