Ferguson (NYSE:FERG) Insider Sells $1,134,382.08 in Stock

Ferguson plc (NYSE:FERG) insider Ian Graham sold 4,864 shares of the stock in a transaction on Monday, October 13th. The shares were 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 of the company’s stock, valued at approximately $1,811,886.18. This represents a 38.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ferguson Stock Performance

Shares of FERG stock opened at $237.02 on Friday. Ferguson plc has a 52-week low of $146.00 and a 52-week high of $243.40. The firm has a market cap of $46.45 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 1.94 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 firm has a fifty day simple moving average of $230.41.

Ferguson (NYSE:FERG) last announced its earnings results on Tuesday, September 16th. The company reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.48. The business 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, September 26th will be given 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 dividend yield of 1.4%. Ferguson’s dividend payout ratio (DPR) is 35.55%.

Analyst Ratings Changes

A number of brokerages recently issued reports on FERG. 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 research report on Wednesday, September 17th. Wall Street Zen cut shares of Ferguson from a “buy” rating to a “hold” rating in a research report on Sunday, October 12th. Morgan Stanley reiterated an “overweight” rating on shares of Ferguson in a research report on Wednesday, September 10th. Barclays increased their price objective on shares of Ferguson from $247.00 to $273.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. Finally, Wells Fargo & Company increased their price objective on shares of Ferguson from $250.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Ferguson has an average rating of “Moderate Buy” and a consensus price target of $237.14.

Institutional Investors Weigh In On Ferguson

A number of hedge funds have recently added to or reduced their stakes in FERG. True Wealth Design LLC grew its holdings in 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 acquiring an additional 77 shares during the last quarter. Grove Bank & Trust boosted its stake in shares of Ferguson by 247.4% in the 1st quarter. Grove Bank & Trust now owns 198 shares of the company’s stock valued at $32,000 after purchasing an additional 141 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Ferguson by 56.5% in the 1st quarter. TD Private Client Wealth LLC now owns 205 shares of the company’s stock valued at $33,000 after purchasing an additional 74 shares during the last quarter. Hemington Wealth Management boosted its stake in shares of Ferguson by 51.5% in the 2nd quarter. Hemington Wealth Management now owns 153 shares of the company’s stock valued at $33,000 after purchasing an additional 52 shares during the last quarter. Finally, Brooklyn Investment Group boosted its stake in shares of Ferguson by 103.6% in the 1st quarter. Brooklyn Investment Group now owns 226 shares of the company’s stock valued at $36,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 81.98% of the company’s stock.

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.