Asset Management One Co. Ltd. Has $15.81 Million Holdings in Ferguson plc (NASDAQ:FERG)

Asset Management One Co. Ltd. decreased its position in Ferguson plc (NASDAQ:FERG) by 0.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,629 shares of the company’s stock after selling 66 shares during the period. Asset Management One Co. Ltd.’s holdings in Ferguson were worth $15,812,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of Ferguson by 375.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,289,864 shares of the company’s stock worth $1,218,032,000 after acquiring an additional 4,966,821 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Ferguson by 589.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,619,637 shares of the company’s stock worth $353,778,000 after purchasing an additional 1,384,570 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Ferguson by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,563,558 shares of the company’s stock valued at $302,781,000 after buying an additional 153,757 shares during the period. First Pacific Advisors LP boosted its holdings in shares of Ferguson by 1.4% during the 2nd quarter. First Pacific Advisors LP now owns 1,104,289 shares of the company’s stock worth $213,846,000 after buying an additional 15,700 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Ferguson by 1.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 967,849 shares of the company’s stock worth $187,424,000 after buying an additional 18,504 shares during the period. Institutional investors own 81.98% of the company’s stock.

Insider Activity at Ferguson

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

Analysts Set New Price Targets

A number of research firms have commented on FERG. Barclays raised their price target on shares of Ferguson from $229.00 to $245.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. Royal Bank of Canada boosted their target price on Ferguson from $211.00 to $219.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Citigroup increased their price target on Ferguson from $203.00 to $221.00 and gave the stock a “neutral” rating in a report on Wednesday, September 18th. UBS Group boosted their price objective on Ferguson from $228.00 to $236.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Finally, Jefferies Financial Group increased their target price on Ferguson from $238.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $232.50.

Ferguson Trading Up 2.0 %

NASDAQ FERG opened at $202.09 on Wednesday. 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 business has a fifty day simple moving average of $198.48 and a 200 day simple moving average of $203.41. Ferguson plc has a 12 month low of $154.61 and a 12 month high of $225.63. The firm has a market capitalization of $40.57 billion, a P/E ratio of 20.45, a PEG ratio of 1.93 and a beta of 1.20.

Ferguson (NASDAQ:FERG) last announced its earnings results on Tuesday, September 17th. The company reported $2.98 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $8.01 billion. During the same quarter in the prior year, the company posted $2.77 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts predict that Ferguson plc will post 9.77 EPS for the current fiscal year.

Ferguson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, September 27th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, September 27th. Ferguson’s dividend payout ratio is presently 37.05%.

Ferguson Company 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.