Ferguson plc (NASDAQ:FERG) Shares Sold by Kolinsky Wealth Management LLC

Kolinsky Wealth Management LLC trimmed its stake in shares of Ferguson plc (NASDAQ:FERG) by 7.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,025 shares of the company’s stock after selling 78 shares during the period. Kolinsky Wealth Management LLC’s holdings in Ferguson were worth $204,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of FERG. Asset Dedication LLC acquired a new stake in shares of Ferguson during the 3rd quarter worth approximately $27,000. EdgeRock Capital LLC acquired a new stake in Ferguson during the second quarter valued at $32,000. Capital Performance Advisors LLP acquired a new stake in Ferguson during the third quarter valued at $37,000. Peterson Financial Group Inc. purchased a new position in Ferguson in the third quarter valued at $39,000. Finally, Reston Wealth Management LLC acquired a new position in shares of Ferguson in the third quarter worth about $40,000. 81.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Citigroup raised their target price on Ferguson from $203.00 to $221.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. Oppenheimer started coverage on Ferguson in a research report on Wednesday, October 23rd. They issued an “outperform” rating and a $234.00 price objective for the company. Barclays increased their target price on Ferguson from $229.00 to $245.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. Royal Bank of Canada boosted their price target on shares of Ferguson from $211.00 to $219.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Finally, Wells Fargo & Company increased their price objective on shares of Ferguson from $225.00 to $232.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $233.38.

Insider Buying and Selling at Ferguson

In other Ferguson news, CMO Victoria Morrissey sold 1,468 shares of Ferguson stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $201.20, for a total transaction of $295,361.60. Following the transaction, the chief marketing officer now directly owns 5,205 shares of the company’s stock, valued at $1,047,246. The trade was a 22.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael Jacobs sold 2,624 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $200.96, for a total transaction of $527,319.04. Following the completion of the sale, the vice president now directly owns 1,116 shares of the company’s stock, valued at approximately $224,271.36. This trade represents a 70.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,313 shares of company stock worth $2,477,901 in the last three months. 0.16% of the stock is owned by corporate insiders.

Ferguson Trading Up 1.3 %

Shares of FERG opened at $216.01 on Friday. The firm’s fifty day moving average is $201.57 and its two-hundred day moving average is $202.66. The stock has a market cap of $43.36 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 2.07 and a beta of 1.20. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 0.89. Ferguson plc has a 52-week low of $167.09 and a 52-week high of $225.63.

Ferguson (NASDAQ:FERG) last announced its quarterly earnings data 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. The company had revenue of $7.95 billion during the quarter, compared to analysts’ expectations of $8.01 billion. Ferguson had a net margin of 5.85% and a return on equity of 36.53%. Ferguson’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.77 EPS. Research analysts forecast that Ferguson plc will post 9.77 earnings per share for the current fiscal year.

Ferguson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, September 27th were given a dividend of $0.79 per share. The ex-dividend date was Friday, September 27th. This represents a $3.16 dividend on an annualized basis and a yield of 1.46%. Ferguson’s payout ratio is 37.05%.

About Ferguson

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.