Ferguson (NYSE:FERG) Insider Allison Stirrup Sells 969 Shares of Stock

Ferguson plc (NYSE:FERG) insider Allison Stirrup sold 969 shares of Ferguson stock in a transaction on Monday, October 13th. The stock was sold at an average price of $234.23, for a total transaction of $226,968.87. Following the sale, the insider directly owned 5,058 shares in the company, valued at $1,184,735.34. This trade represents a 16.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Ferguson Price Performance

Shares of Ferguson stock opened at $240.73 on Thursday. The firm’s 50-day simple moving average is $229.93. The company has a quick ratio of 0.94, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $47.22 billion, a P/E ratio of 25.77, a PEG ratio of 1.98 and a beta of 1.17. Ferguson plc has a 1-year low of $146.00 and a 1-year high of $243.40.

Ferguson (NYSE:FERG) last issued its quarterly earnings results on Tuesday, September 16th. The company reported $3.48 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.48. The firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate 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. Shareholders of record on Friday, September 26th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, September 26th. Ferguson’s dividend payout ratio (DPR) is currently 35.55%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Zacks Research raised shares of Ferguson to a “hold” rating in a report on Friday, August 8th. Royal Bank Of Canada increased their price target on shares of Ferguson from $231.00 to $243.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. UBS Group upped their price objective on Ferguson from $204.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, September 17th. JPMorgan Chase & Co. boosted their price target on Ferguson from $225.00 to $245.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ferguson in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Ferguson has an average rating of “Moderate Buy” and an average price target of $237.14.

Hedge Funds Weigh In On Ferguson

Institutional investors have recently made changes to their positions in the stock. True Wealth Design LLC grew its holdings in shares of Ferguson by 145.3% during the second quarter. True Wealth Design LLC now owns 130 shares of the company’s stock valued at $28,000 after purchasing an additional 77 shares during the last quarter. Hemington Wealth Management boosted its position in Ferguson by 51.5% during the 2nd quarter. Hemington Wealth Management now owns 153 shares of the company’s stock valued at $33,000 after purchasing an additional 52 shares during the period. Fifth Third Bancorp lifted its stake in Ferguson by 230.8% in the second quarter. Fifth Third Bancorp now owns 172 shares of the company’s stock valued at $37,000 after buying an additional 120 shares during the last quarter. Maseco LLP bought a new stake in Ferguson in the second quarter valued at $40,000. Finally, Grove Bank & Trust lifted its stake in Ferguson by 247.4% in the first quarter. Grove Bank & Trust now owns 198 shares of the company’s stock valued at $32,000 after buying an additional 141 shares during the last quarter. 81.98% of the stock is owned by institutional investors.

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.