Tokio Marine Asset Management Co. Ltd. Purchases 239 Shares of Ferguson plc (NASDAQ:FERG)

Tokio Marine Asset Management Co. Ltd. lifted its position in Ferguson plc (NASDAQ:FERG) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,747 shares of the company’s stock after acquiring an additional 239 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Ferguson were worth $1,141,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Asset Dedication LLC bought a new position in shares of Ferguson during the 3rd quarter valued at $27,000. EdgeRock Capital LLC bought a new position in shares of Ferguson during the 2nd quarter valued at $32,000. Capital Performance Advisors LLP bought a new position in shares of Ferguson during the 3rd quarter valued at $37,000. Ashton Thomas Securities LLC bought a new position in shares of Ferguson during the 3rd quarter valued at $40,000. Finally, Reston Wealth Management LLC bought a new position in Ferguson in the 3rd quarter worth $40,000. Institutional investors own 81.98% of the company’s stock.

Ferguson Stock Down 1.7 %

Shares of NASDAQ:FERG opened at $199.84 on Friday. Ferguson plc has a 1 year low of $163.03 and a 1 year high of $225.63. The business has a 50 day simple moving average of $199.36 and a two-hundred day simple moving average of $203.19. The firm has a market capitalization of $40.12 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.80 and a quick ratio of 1.00.

Ferguson (NASDAQ:FERG) last announced its earnings results on Tuesday, September 17th. The company reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.12. Ferguson had a return on equity of 36.53% and a net margin of 5.85%. The business had revenue of $7.95 billion during the quarter, compared to analyst estimates of $8.01 billion. During the same quarter in the previous year, the business earned $2.77 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts predict that Ferguson plc will post 9.77 EPS for the current year.

Ferguson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, September 27th were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, September 27th. Ferguson’s dividend payout ratio is presently 37.05%.

Insider Activity

In other Ferguson news, SVP Garland Williams sold 1,118 shares of Ferguson stock in a transaction on Monday, October 14th. The shares were sold at an average price of $201.22, for a total value of $224,963.96. Following the transaction, the senior vice president now directly owns 1,882 shares of the company’s stock, valued at approximately $378,696.04. The trade was a 37.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Victoria Morrissey sold 1,468 shares of Ferguson stock in a transaction on Monday, October 14th. The stock was sold at an average price of $201.20, for a total transaction of $295,361.60. Following the completion of the transaction, the chief marketing officer now directly owns 5,205 shares in the company, valued at $1,047,246. This represents a 22.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,313 shares of company stock valued at $2,477,901. Corporate insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on FERG shares. Barclays raised their target price on Ferguson from $229.00 to $245.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. Robert W. Baird raised their target price on Ferguson from $225.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. UBS Group raised their price target on Ferguson from $228.00 to $236.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Citigroup raised their price target on Ferguson from $203.00 to $221.00 and gave the company a “neutral” rating in a report on Wednesday, September 18th. Finally, Royal Bank of Canada raised their price objective on Ferguson from $211.00 to $219.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $233.38.

Ferguson Profile

Ferguson plc distributes plumbing and heating products in the United States and Canada. It offers plumbing and heating solutions to customers in the residential, commercial, civil/infrastructure, and industrial end markets. The company also provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, fabrication, and others, as well as heating, ventilation, and air conditioning products under the Ferguson brand name.