Cwm LLC Purchases 1,810 Shares of Ferguson plc $FERG

Cwm LLC grew its stake in Ferguson plc (NYSE:FERG) by 18.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 11,592 shares of the company’s stock after buying an additional 1,810 shares during the quarter. Cwm LLC’s holdings in Ferguson were worth $2,524,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TD Private Client Wealth LLC boosted its holdings in shares of Ferguson by 56.5% in the first quarter. TD Private Client Wealth LLC now owns 205 shares of the company’s stock valued at $33,000 after buying an additional 74 shares during the period. Hemington Wealth Management boosted its holdings in shares of Ferguson by 51.5% in the second quarter. Hemington Wealth Management now owns 153 shares of the company’s stock valued at $33,000 after buying an additional 52 shares during the period. Brooklyn Investment Group boosted its holdings in shares of Ferguson by 103.6% in the first quarter. Brooklyn Investment Group now owns 226 shares of the company’s stock valued at $36,000 after buying an additional 115 shares during the period. Fifth Third Bancorp boosted its holdings in shares of 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 period. Finally, Maseco LLP acquired a new position in shares of Ferguson in the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 81.98% of the company’s stock.

Insider Buying and Selling at Ferguson

In related news, SVP Jake Schlicher sold 3,000 shares of the firm’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $233.52, for a total transaction of $700,560.00. Following the transaction, the senior vice president directly owned 11,651 shares of the company’s stock, valued at approximately $2,720,741.52. This trade represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kevin Michael Murphy sold 8,800 shares of the firm’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $234.13, for a total transaction of $2,060,344.00. Following the transaction, the insider directly owned 159,931 shares in the company, valued at approximately $37,444,645.03. This represents a 5.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,264 shares of company stock valued at $6,853,349 in the last quarter. Company insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FERG. UBS Group upped their price target on shares of Ferguson from $204.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, September 17th. Oppenheimer increased their target price on shares of Ferguson from $235.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Ferguson in a report on Wednesday, October 8th. Royal Bank Of Canada increased their target price on shares of Ferguson from $231.00 to $243.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Finally, Truist Financial increased their target price on shares of Ferguson from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. One investment 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. Based on data from MarketBeat, Ferguson has a consensus rating of “Moderate Buy” and an average target price of $237.14.

Ferguson Price Performance

Shares of FERG stock opened at $237.02 on Friday. The firm has a market capitalization of $46.45 billion, a PE ratio of 25.38, a P/E/G ratio of 1.95 and a beta of 1.17. The company has a current ratio of 1.68, a quick ratio of 0.94 and a debt-to-equity ratio of 0.64. The company has a fifty day moving average price of $230.41. Ferguson plc has a one year low of $146.00 and a one year high of $243.40.

Ferguson (NYSE:FERG) last announced 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 analysts’ expectations of $8.44 billion. Ferguson had a net margin of 6.03% and a return on equity of 35.21%.

Ferguson Dividend Announcement

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

Ferguson 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.