Jake Schlicher Sells 3,000 Shares of Ferguson (NYSE:FERG) Stock

Key Points

• Jake Schlicher, SVP of Ferguson plc, sold 3,000 shares of stock for $700,560, reducing his ownership by 20.48% to 11,651 shares valued at approximately $2.72 million.
• Ferguson reported a quarterly earnings per share (EPS) of $3.48, exceeding estimates by $0.48, with a revenue of $8.50 billion for the quarter.
• The company announced a quarterly dividend of $0.83 per share, representing a 1.4% yield, with the payout scheduled for November 7th.

Ferguson plc (NYSE:FERG - Get Free Report) SVP Jake Schlicher sold 3,000 shares of the firm's stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $233.52, for a total value of $700,560.00. Following the transaction, the senior vice president directly owned 11,651 shares in the company, valued at approximately $2,720,741.52. This represents a 20.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ferguson Trading Down 1.4%

Shares of NYSE FERG traded down $3.34 during midday trading on Wednesday, reaching $237.08. 557,061 shares of the company were exchanged, compared to its average volume of 1,754,202. 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 1 year low of $146.00 and a 1 year high of $243.40. The company's fifty day moving average is $229.59. The company has a market capitalization of $46.50 billion, a PE ratio of 25.34, a P/E/G ratio of 1.93 and a beta of 1.17.

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

Ferguson Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. True Wealth Design LLC raised its position in shares of Ferguson by 145.3% during the 2nd quarter. True Wealth Design LLC now owns 130 shares of the company's stock worth $28,000 after purchasing an additional 77 shares during the last quarter. Grove Bank & Trust raised its position in shares of Ferguson by 247.4% during the 1st quarter. Grove Bank & Trust now owns 198 shares of the company's stock worth $32,000 after purchasing an additional 141 shares during the last quarter. TD Private Client Wealth LLC raised its position in shares of Ferguson by 56.5% during the 1st quarter. TD Private Client Wealth LLC now owns 205 shares of the company's stock worth $33,000 after purchasing an additional 74 shares during the last quarter. Hemington Wealth Management raised its position in shares of Ferguson by 51.5% during the 2nd 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. Finally, Brooklyn Investment Group raised its position in shares of Ferguson by 103.6% during the 1st quarter. Brooklyn Investment Group now owns 226 shares of the company's stock worth $36,000 after purchasing an additional 115 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FERG. Wells Fargo & Company raised their price objective 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. Morgan Stanley restated an "overweight" rating on shares of Ferguson in a research report on Wednesday, September 10th. Weiss Ratings restated a "buy (b-)" rating on shares of Ferguson in a research report on Wednesday, October 8th. UBS Group raised their price objective on shares of Ferguson from $204.00 to $225.00 and gave the company a "neutral" rating in a research report on Wednesday, September 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ferguson from $225.00 to $245.00 and gave the company an "overweight" rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $237.14.

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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