Point72 DIFC Ltd purchased a new stake in shares of Ferguson plc (NASDAQ:FERG – Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 46,999 shares of the company’s stock, valued at approximately $9,333,000.
Other hedge funds have also bought and sold shares of the company. Asset Dedication LLC purchased a new position in shares of Ferguson during the third quarter valued at approximately $27,000. True Wealth Design LLC increased its position in Ferguson by 1,350.0% during the 3rd quarter. True Wealth Design LLC now owns 145 shares of the company’s stock valued at $29,000 after buying an additional 135 shares in the last quarter. EdgeRock Capital LLC purchased a new position in Ferguson during the second quarter valued at $32,000. Capital Performance Advisors LLP purchased a new position in Ferguson during the third quarter valued at $37,000. Finally, Peterson Financial Group Inc. bought a new stake in Ferguson in the third quarter worth $39,000. Institutional investors own 81.98% of the company’s stock.
Insider Buying and Selling
In other Ferguson news, CAO Richard Winckler sold 1,325 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 1,000 shares in the company, valued at $201,750. This represents a 56.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Michael Jacobs sold 2,624 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $200.96, for a total transaction of $527,319.04. Following the sale, the vice president now owns 1,116 shares in the company, valued at $224,271.36. The trade was a 70.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,313 shares of company stock valued at $2,477,901. 0.16% of the stock is owned by company insiders.
Ferguson Stock Up 3.2 %
Ferguson (NASDAQ:FERG – Get Free Report) last posted its quarterly earnings data on Tuesday, September 17th. The company reported $2.98 earnings per share (EPS) for the quarter, topping 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 quarter last year, the firm posted $2.77 earnings per share. The firm’s revenue was up 1.4% compared to the same quarter last year. As a group, analysts forecast that Ferguson plc will post 9.77 earnings per share for the current year.
Ferguson Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, September 27th were paid a $0.79 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.16 annualized dividend and a dividend yield of 1.43%. Ferguson’s dividend payout ratio (DPR) is 37.05%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on FERG shares. Wells Fargo & Company raised their price target on Ferguson from $225.00 to $232.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Oppenheimer started coverage on shares of Ferguson in a research note on Wednesday, October 23rd. They set an “outperform” rating and a $234.00 price objective for the company. 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. Barclays lifted their target price on Ferguson from $229.00 to $245.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. Finally, Robert W. Baird boosted their target price on Ferguson from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $233.38.
Get Our Latest Stock Report on Ferguson
About Ferguson
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.
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