23,764 Shares of Ferguson plc $FERG Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund acquired a new stake in Ferguson plc (NYSE:FERG – Free Report) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 23,764 shares of the company’s stock, valued at approximately $5,290,000.

A number of other institutional investors have also modified their holdings of FERG. Farmers & Merchants Investments Inc. acquired a new stake in Ferguson during the 3rd quarter worth approximately $28,000. Compass Financial Management LLC purchased a new position in Ferguson in the second quarter valued at approximately $32,000. Eastern Bank purchased a new position in Ferguson in the second quarter valued at approximately $42,000. Vega Investment Solutions lifted its position in Ferguson by 50.5% during the second quarter. Vega Investment Solutions now owns 277 shares of the company’s stock valued at $66,000 after buying an additional 93 shares in the last quarter. Finally, Keating Financial Advisory Services Inc. lifted its position in Ferguson by 93.5% during the second quarter. Keating Financial Advisory Services Inc. now owns 296 shares of the company’s stock valued at $70,000 after buying an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 81.98% of the company’s stock.

Insider Activity at Ferguson

In other news, insider Jake Schlicher sold 314 shares of the business’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $224.50, for a total transaction of $70,493.00. Following the transaction, the insider directly owned 8,621 shares of the company’s stock, valued at approximately $1,935,414.50. The trade was a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO William Thees, Jr. sold 353 shares of the company’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $224.50, for a total transaction of $79,248.50. Following the completion of the transaction, the chief operating officer owned 31,745 shares of the company’s stock, valued at $7,126,752.50. This trade represents a 1.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 38,808 shares of company stock valued at $8,571,587. 0.15% of the stock is currently owned by corporate insiders.

Ferguson Price Performance

FERG stock opened at $235.17 on Friday. The firm has a market cap of $45.49 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 1.79 and a beta of 1.11. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.73. Ferguson plc has a 1 year low of $212.13 and a 1 year high of $271.64. The stock has a 50-day simple moving average of $225.40 and a 200-day simple moving average of $237.20.

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

Ferguson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 8th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.89 per share. The ex-dividend date is Friday, November 20th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.5%. Ferguson’s dividend payout ratio (DPR) is currently 41.83%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein boosted their price objective on shares of Ferguson from $310.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. Jefferies Financial Group dropped their price objective on shares of Ferguson from $295.00 to $292.00 in a research report on Thursday, October 15th. Morgan Stanley raised their target price on shares of Ferguson from $290.00 to $295.00 in a research note on Wednesday, August 19th. Citigroup raised shares of Ferguson from a “neutral” rating to a “buy” rating and raised their target price for the company from $285.00 to $288.00 in a research note on Tuesday, October 27th. Finally, UBS Group lifted their target price on shares of Ferguson from $252.00 to $256.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ferguson has a consensus rating of “Moderate Buy” and a consensus target price of $287.44.

View Our Latest Analysis on FERG

More Ferguson News

Here are the key news stories impacting Ferguson this week:

  • Positive Sentiment: Ferguson declared a dividend of $0.89 per share, payable January 8, 2027, to shareholders of record on November 20. That equates to $3.56 annualized and a yield of about 1.4%; the payout may offer some support, though it is unlikely to be a major catalyst on its own. Ferguson Declares Dividend

Ferguson Profile

(Free Report)

Ferguson plc (NYSE: FERG) is a value-added distributor of plumbing, heating, ventilation and air conditioning (HVAC), waterworks, fire protection and other building and industrial products. The company serves professional contractors, municipalities, commercial and industrial businesses, and other customers through a network of branches, distribution centers, showrooms and digital platforms.

Its product offering includes pipes, valves, fittings, plumbing fixtures, water and wastewater infrastructure products, HVAC equipment, fire protection systems, industrial supplies and related tools and services.

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Institutional Ownership by Quarter for Ferguson (NYSE:FERG)

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