Ferguson plc (NASDAQ:FERG) Shares Bought by abrdn plc

abrdn plc raised its position in Ferguson plc (NASDAQ:FERG) by 11.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 764,391 shares of the company’s stock after purchasing an additional 80,248 shares during the quarter. abrdn plc’s holdings in Ferguson were worth $149,935,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Asset Dedication LLC acquired a new position in shares of Ferguson in the 3rd quarter worth approximately $27,000. EdgeRock Capital LLC acquired a new position in shares of Ferguson in the 2nd quarter worth approximately $32,000. Canoe Financial LP acquired a new position in shares of Ferguson in the 3rd quarter worth approximately $41,000. Versant Capital Management Inc lifted its holdings in shares of Ferguson by 2,462.5% in the 2nd quarter. Versant Capital Management Inc now owns 410 shares of the company’s stock worth $79,000 after acquiring an additional 394 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Ferguson in the 2nd quarter worth approximately $105,000. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FERG has been the topic of several recent research reports. Royal Bank of Canada upped their target price on shares of Ferguson from $211.00 to $219.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. Wells Fargo & Company cut their target price on shares of Ferguson from $250.00 to $225.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 18th. Barclays upped their target price on shares of Ferguson from $229.00 to $245.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 18th. Citigroup upped their target price on shares of Ferguson from $203.00 to $221.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 18th. Finally, UBS Group upped their target price on shares of Ferguson from $228.00 to $236.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Ferguson currently has a consensus rating of “Moderate Buy” and an average target price of $232.50.

Ferguson Trading Up 0.5 %

Shares of NASDAQ:FERG opened at $197.24 on Tuesday. Ferguson plc has a 52 week low of $147.62 and a 52 week high of $225.63. The company’s 50 day moving average is $199.92 and its two-hundred day moving average is $203.99. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 0.89. The company has a market cap of $39.59 billion, a PE ratio of 23.12, a P/E/G ratio of 1.91 and a beta of 1.20.

Ferguson (NASDAQ:FERG) last announced its quarterly earnings data on Tuesday, September 17th. The company reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.12. Ferguson had a net margin of 5.85% and a return on equity of 36.53%. The company had revenue of $7.95 billion for the quarter, compared to the consensus estimate of $8.01 billion. During the same period in the prior year, the firm posted $2.77 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts predict that Ferguson plc will post 9.77 earnings per share for the current fiscal year.

Ferguson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, September 27th will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, September 27th. Ferguson’s dividend payout ratio (DPR) is 37.05%.

Insider Activity at Ferguson

In related news, CAO Richard Winckler sold 1,325 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $201.75, for a total value of $267,318.75. Following the transaction, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at $201,750. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Garland Williams sold 1,118 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $201.22, for a total transaction of $224,963.96. Following the completion of the sale, the senior vice president now owns 1,882 shares in the company, valued at $378,696.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Richard Winckler sold 1,325 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $201.75, for a total transaction of $267,318.75. Following the sale, the chief accounting officer now owns 1,000 shares of the company’s stock, valued at approximately $201,750. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,313 shares of company stock valued at $2,477,901 in the last ninety days. Insiders own 0.16% of the company’s stock.

Ferguson Profile

Ferguson plc distributes plumbing and heating products in the United States and Canada. It offers plumbing and heating solutions to customers in the residential, commercial, civil/infrastructure, and industrial end markets. The company also provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, fabrication, and others, as well as heating, ventilation, and air conditioning products under the Ferguson brand name.