Ferguson plc $FERG Shares Acquired by Cwm LLC

Cwm LLC lifted its stake in shares of Ferguson plc (NYSE:FERG) by 18.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,592 shares of the company’s stock after acquiring an additional 1,810 shares during the quarter. Cwm LLC’s holdings in Ferguson were worth $2,524,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Hemington Wealth Management boosted its holdings in Ferguson by 51.5% during the second quarter. Hemington Wealth Management now owns 153 shares of the company’s stock worth $33,000 after buying an additional 52 shares in the last quarter. US Bancorp DE boosted its holdings in Ferguson by 0.8% during the first quarter. US Bancorp DE now owns 7,394 shares of the company’s stock worth $1,185,000 after buying an additional 59 shares in the last quarter. Compound Planning Inc. boosted its holdings in Ferguson by 4.6% during the first quarter. Compound Planning Inc. now owns 1,386 shares of the company’s stock worth $222,000 after buying an additional 61 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in Ferguson by 56.5% during the first quarter. TD Private Client Wealth LLC now owns 205 shares of the company’s stock worth $33,000 after buying an additional 74 shares in the last quarter. Finally, Cidel Asset Management Inc. boosted its holdings in Ferguson by 6.5% during the first quarter. Cidel Asset Management Inc. now owns 1,284 shares of the company’s stock worth $206,000 after buying an additional 78 shares in the last quarter. 81.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ferguson

In other Ferguson news, insider Allison Stirrup sold 969 shares of the company’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $234.23, for a total value of $226,968.87. Following the completion of the sale, the insider owned 5,058 shares of the company’s stock, valued at approximately $1,184,735.34. This represents a 16.08% 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, insider James A. Paisley sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $236.97, for a total transaction of $710,910.00. Following the completion of the sale, the insider directly owned 2,211 shares of the company’s stock, valued at $523,940.67. The trade was a 57.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,264 shares of company stock valued at $6,853,349 over the last 90 days. Company insiders own 0.16% of the company’s stock.

Ferguson Price Performance

Shares of FERG opened at $237.02 on Friday. The company has a market cap of $46.45 billion, a P/E ratio of 25.38, a PEG ratio of 1.95 and a beta of 1.17. Ferguson plc has a one year low of $146.00 and a one year high of $243.40. 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 stock has a fifty day moving average price of $230.41.

Ferguson (NYSE:FERG) last posted its quarterly earnings data on Tuesday, September 16th. The company reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.48. Ferguson had a net margin of 6.03% and a return on equity of 35.21%. The company had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.44 billion.

Ferguson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, September 26th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.4%. Ferguson’s payout ratio is currently 35.55%.

Analyst Ratings Changes

A number of equities analysts recently commented on FERG shares. Zacks Research raised shares of Ferguson to a “hold” rating in a research note on Friday, August 8th. Wells Fargo & Company raised their price objective on shares of Ferguson from $250.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ferguson in a research note on Wednesday, October 8th. Robert W. Baird raised their price objective on shares of Ferguson from $260.00 to $262.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. Finally, Oppenheimer raised their price objective on shares of Ferguson from $235.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.