Ferguson (NYSE:FERG) Insider Jake Schlicher Sells 3,138 Shares of Company Stock

Ferguson plc (NYSE:FERG – Get Free Report) insider Jake Schlicher sold 3,138 shares of the stock in a transaction on Monday, October 12th. The shares were sold at an average price of $218.74, for a total transaction of $686,406.12. Following the sale, the insider directly owned 9,490 shares of the company’s stock, valued at $2,075,842.60. The trade was a 24.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jake Schlicher also recently made the following trade(s):

  • On Friday, August 28th, Jake Schlicher sold 5,177 shares of Ferguson stock. The stock was sold at an average price of $230.92, for a total transaction of $1,195,472.84.

Ferguson Price Performance

FERG stock opened at $222.95 on Thursday. The firm’s 50-day moving average price is $229.04 and its two-hundred day moving average price is $234.52. Ferguson plc has a 12-month low of $212.13 and a 12-month high of $271.64. The stock has a market capitalization of $43.13 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 1.61 and a beta of 1.14. The company has a current ratio of 1.73, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72.

Ferguson (NYSE:FERG – Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $3.39 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.16. The company had revenue of $8.75 billion during the quarter. Ferguson had a net margin of 6.82% and a return on equity of 37.24%. As a group, equities analysts predict that Ferguson plc will post 11.42 earnings per share for the current year.

Ferguson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Friday, August 21st were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a $3.56 dividend on an annualized basis and a yield of 1.6%. Ferguson’s dividend payout ratio is presently 41.83%.

Institutional Investors Weigh In On Ferguson

Several institutional investors and hedge funds have recently made changes to their positions in the company. Saudi Central Bank lifted its holdings in shares of Ferguson by 88.5% during the second quarter. Saudi Central Bank now owns 13,607 shares of the company’s stock valued at $3,229,000 after purchasing an additional 6,389 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich increased its holdings in Ferguson by 2.5% in the 2nd quarter. Munich Reinsurance Co Stock Corp in Munich now owns 326,515 shares of the company’s stock worth $77,509,000 after buying an additional 7,916 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Ferguson in the 2nd quarter worth about $2,183,000. Jones Financial Companies Lllp increased its holdings in Ferguson by 13.2% in the 2nd quarter. Jones Financial Companies Lllp now owns 96,108 shares of the company’s stock worth $22,932,000 after buying an additional 11,196 shares in the last quarter. Finally, Lmcg Investments LLC purchased a new position in Ferguson in the 1st quarter worth about $1,806,000. Institutional investors own 81.98% of the company’s stock.

Trending Headlines about Ferguson

Here are the key news stories impacting Ferguson this week:

  • Neutral Sentiment: Six insiders collectively sold 27,327 shares worth approximately $6.0 million on October 12. The sellers included CFO William Brundage, COO William Thees Jr., VP Anthony Camposano and other insiders. Each retained a meaningful position in Ferguson following the transactions. SEC insider transaction filings
  • Negative Sentiment: The volume of sales across multiple insiders may create modest near-term pressure on investor sentiment, particularly because individual holdings declined by roughly 6% to 25%. However, the pre-arranged nature of the plans suggests the sales were scheduled rather than necessarily driven by concerns about Ferguson’s business or valuation. SEC insider sale filing

Wall Street Analysts Forecast Growth

FERG has been the subject of a number of research analyst reports. Zelman & Associates raised Ferguson from a “hold” rating to an “outperform” rating and set a $285.00 price target for the company in a research note on Friday, July 17th. Melius Research began coverage on shares of Ferguson in a research report on Tuesday, October 6th. They set a “hold” rating and a $252.00 price objective on the stock. Jefferies Financial Group set a $295.00 price objective on shares of Ferguson in a report on Thursday, September 3rd. Robert W. Baird raised their target price on shares of Ferguson from $285.00 to $288.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. Finally, Royal Bank Of Canada dropped their target price on shares of Ferguson from $290.00 to $286.00 and set an “outperform” rating for the company in a research report on Wednesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ferguson currently has an average rating of “Moderate Buy” and an average target price of $285.78.

View Our Latest Stock Report on FERG

About Ferguson

(Get Free Report)

Ferguson plc (NYSE: FERG) is a North American distributor of plumbing and heating products, supplying professional customers across the residential, commercial, industrial and infrastructure markets. The company serves contractors, builders, remodelers, municipalities, industrial businesses and other trade professionals through branch locations, distribution centers and digital ordering platforms.

Its product offerings include plumbing supplies and fixtures, heating and cooling equipment, water and wastewater products, fire protection systems, waterworks materials, industrial piping and related maintenance, repair and operating supplies.

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Insider Buying and Selling by Quarter for Ferguson (NYSE:FERG)

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