Insider Selling: Ferguson (NYSE:FERG) VP Sells $373,168.00 in Stock

Ferguson plc (NYSE:FERG) VP Robert Anthony Jr. Camposano sold 1,600 shares of the company’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $233.23, for a total value of $373,168.00. Following the completion of the transaction, the vice president directly owned 8,255 shares in the company, valued at $1,925,313.65. This trade represents a 16.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Ferguson Stock Up 0.6%

Shares of Ferguson stock opened at $237.02 on Friday. The firm has a fifty day simple moving average of $230.41. The company has a market cap of $46.45 billion, a P/E ratio of 25.38, a PEG ratio of 1.94 and a beta of 1.17. The company has a quick ratio of 0.94, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. Ferguson plc has a 52 week low of $146.00 and a 52 week high of $243.40.

Ferguson (NYSE:FERG) last announced its quarterly earnings data on Tuesday, September 16th. The company reported $3.48 EPS for the quarter, beating the consensus estimate of $3.00 by $0.48. The company had revenue of $8.50 billion for 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 Announces Dividend

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

Institutional Investors Weigh In On Ferguson

Hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC lifted its stake in shares of Ferguson by 145.3% during the 2nd quarter. True Wealth Design LLC now owns 130 shares of the company’s stock worth $28,000 after purchasing an additional 77 shares during the last quarter. Grove Bank & Trust lifted its stake in shares of Ferguson by 247.4% during the 1st quarter. Grove Bank & Trust now owns 198 shares of the company’s stock worth $32,000 after purchasing an additional 141 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Ferguson by 56.5% during the 1st quarter. TD Private Client Wealth LLC now owns 205 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares during the last quarter. Hemington Wealth Management lifted its stake in shares of Ferguson by 51.5% during the 2nd quarter. Hemington Wealth Management now owns 153 shares of the company’s stock worth $33,000 after purchasing an additional 52 shares during the last quarter. Finally, Brooklyn Investment Group lifted its stake in shares of Ferguson by 103.6% during the 1st quarter. Brooklyn Investment Group now owns 226 shares of the company’s stock worth $36,000 after purchasing an additional 115 shares during the last quarter. 81.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Truist Financial upped their target price on Ferguson from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Zacks Research upgraded Ferguson to a “hold” rating in a report on Friday, August 8th. Wells Fargo & Company upped their target price on Ferguson from $250.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, September 17th. JPMorgan Chase & Co. upped their target price on Ferguson from $225.00 to $245.00 and gave the stock 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 analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $237.14.

About Ferguson

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.