Ferguson plc (NASDAQ:FERG) Stake Increased by Cwm LLC

Cwm LLC grew its holdings in Ferguson plc (NASDAQ:FERG) by 303.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,550 shares of the company’s stock after purchasing an additional 3,423 shares during the period. Cwm LLC’s holdings in Ferguson were worth $904,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Atomi Financial Group Inc. acquired a new position in shares of Ferguson in the third quarter worth $204,000. Insight Wealth Strategies LLC increased its stake in shares of Ferguson by 2.1% in the third quarter. Insight Wealth Strategies LLC now owns 10,291 shares of the company’s stock worth $2,043,000 after acquiring an additional 208 shares during the last quarter. Clean Yield Group acquired a new position in shares of Ferguson in the third quarter worth $4,056,000. Azzad Asset Management Inc. ADV increased its stake in shares of Ferguson by 2.9% in the third quarter. Azzad Asset Management Inc. ADV now owns 6,592 shares of the company’s stock worth $1,309,000 after acquiring an additional 186 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Ferguson by 30.2% in the third quarter. GAMMA Investing LLC now owns 2,774 shares of the company’s stock worth $551,000 after acquiring an additional 644 shares during the last quarter. Hedge funds and other institutional investors own 81.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FERG shares. Citigroup upped their price target on shares of Ferguson from $203.00 to $221.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 18th. Royal Bank of Canada increased their target price on shares of Ferguson from $211.00 to $219.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. Jefferies Financial Group increased their target price on shares of Ferguson from $238.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Wells Fargo & Company lowered their target price on shares of Ferguson from $250.00 to $225.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 18th. Finally, UBS Group increased their target price on shares of Ferguson from $228.00 to $236.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $232.29.

Ferguson Trading Down 0.2 %

Shares of NASDAQ:FERG opened at $204.59 on Friday. The company has a market cap of $41.31 billion, a P/E ratio of 22.36, a P/E/G ratio of 3.37 and a beta of 1.20. The stock’s 50-day moving average is $200.77 and its 200-day moving average is $205.19. Ferguson plc has a 52-week low of $147.62 and a 52-week high of $225.63. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.00 and a current ratio of 1.80.

Ferguson (NASDAQ:FERG) last issued its quarterly 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. The company had revenue of $7.95 billion for the quarter, compared to the consensus estimate of $8.01 billion. Ferguson had a return on equity of 36.53% and a net margin of 5.85%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the business posted $2.77 earnings per share. Equities research analysts predict that Ferguson plc will post 9.86 earnings per share for the current year.

Ferguson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, September 27th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Friday, September 27th. Ferguson’s payout ratio is presently 34.54%.

Insider Activity at Ferguson

In related news, SVP Garland Williams sold 1,118 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $201.22, for a total value of $224,963.96. Following the completion of the sale, the senior vice president now owns 1,882 shares in the company, valued at approximately $378,696.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ferguson news, SVP Garland Williams sold 1,118 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $201.22, for a total transaction of $224,963.96. Following the completion of the transaction, the senior vice president now owns 1,882 shares in the company, valued at $378,696.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Richard Winckler sold 1,325 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $201.75, for a total transaction of $267,318.75. Following the transaction, the chief accounting officer now owns 1,000 shares of the company’s stock, valued at approximately $201,750. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,313 shares of company stock worth $2,477,901. Company insiders own 0.15% of the company’s stock.

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.