SYM FINANCIAL Corp Acquires New Shares in Ferguson plc $FERG

SYM FINANCIAL Corp acquired a new stake in shares of Ferguson plc (NYSE:FERG) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 1,355 shares of the company’s stock, valued at approximately $295,000.

Several other hedge funds also recently modified their holdings of FERG. Hemington Wealth Management raised its position in 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. Fifth Third Bancorp raised its position in Ferguson by 230.8% during the 2nd quarter. Fifth Third Bancorp now owns 172 shares of the company’s stock worth $37,000 after purchasing an additional 120 shares during the last quarter. Maseco LLP bought a new position in Ferguson during the 2nd quarter worth $40,000. TD Private Client Wealth LLC raised its position in 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. Finally, Brooklyn Investment Group raised its position in 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. Institutional investors and hedge funds own 81.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on FERG. Wall Street Zen raised Ferguson from a “hold” rating to a “buy” rating in a research report on Monday, October 20th. Oppenheimer lifted their price objective on Ferguson from $235.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Zacks Research raised Ferguson to a “hold” rating in a research report on Friday, August 8th. JPMorgan Chase & Co. lifted their price objective on Ferguson from $225.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Finally, UBS Group lifted their price objective on Ferguson from $204.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $240.80.

Ferguson Price Performance

Shares of Ferguson stock opened at $251.26 on Tuesday. Ferguson plc has a one year low of $146.00 and a one year high of $252.36. The company has a market cap of $49.24 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 2.05 and a beta of 1.17. The company has a 50-day moving average price of $232.49. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 0.94.

Ferguson (NYSE:FERG) last issued its 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. Ferguson had a return on equity of 35.21% and a net margin of 6.03%.The business had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.44 billion.

Ferguson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, September 26th will be paid a dividend of $0.83 per share. The ex-dividend date is Friday, September 26th. This represents a $3.32 dividend on an annualized basis and a yield of 1.3%. Ferguson’s payout ratio is 35.55%.

Insider Buying and Selling at Ferguson

In other Ferguson news, insider Ian T. Graham sold 4,864 shares of Ferguson stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $233.22, for a total transaction of $1,134,382.08. Following the completion of the transaction, the insider owned 7,769 shares in the company, valued at approximately $1,811,886.18. The trade was a 38.50% decrease in their position. The transaction 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 Ferguson stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $236.97, for a total value of $710,910.00. Following the transaction, the insider owned 2,211 shares of the company’s stock, valued at $523,940.67. This trade represents a 57.57% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,264 shares of company stock worth $6,853,349. 0.18% of the stock is currently owned by corporate insiders.

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.