CW Advisors LLC Purchases New Holdings in Ferguson plc $FERG

CW Advisors LLC acquired a new position in shares of Ferguson plc (NYSE:FERG) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,341 shares of the company’s stock, valued at approximately $728,000.

Several other large investors also recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its position in shares of Ferguson by 145.3% in the second quarter. True Wealth Design LLC now owns 130 shares of the company’s stock worth $28,000 after buying an additional 77 shares during the period. Hemington Wealth Management raised its position in Ferguson by 51.5% during the second quarter. Hemington Wealth Management now owns 153 shares of the company’s stock valued at $33,000 after buying an additional 52 shares during the period. Brooklyn Investment Group lifted its stake in Ferguson by 103.6% in the 1st quarter. Brooklyn Investment Group now owns 226 shares of the company’s stock worth $36,000 after acquiring an additional 115 shares in the last quarter. Fifth Third Bancorp boosted its position in Ferguson by 230.8% during the 2nd quarter. Fifth Third Bancorp now owns 172 shares of the company’s stock worth $37,000 after acquiring an additional 120 shares during the period. Finally, Maseco LLP purchased a new position in Ferguson during the 2nd quarter valued at about $40,000. 81.98% of the stock is owned by institutional investors and hedge funds.

Ferguson Stock Down 1.1%

Shares of FERG stock opened at $245.66 on Tuesday. The firm has a market capitalization of $48.14 billion, a P/E ratio of 26.30, a PEG ratio of 2.12 and a beta of 1.17. Ferguson plc has a 12 month low of $146.00 and a 12 month high of $256.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.94 and a current ratio of 1.68. The company’s 50 day moving average is $242.79.

Ferguson (NYSE:FERG) last issued its quarterly earnings results on Tuesday, September 16th. The company reported $3.48 EPS for the quarter, topping the consensus estimate of $3.00 by $0.48. Ferguson had a return on equity of 35.21% and a net margin of 6.03%.The company had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.44 billion.

Ferguson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, September 26th were paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, September 26th. Ferguson’s dividend payout ratio (DPR) is presently 35.55%.

Analyst Ratings Changes

A number of research firms have recently issued reports on FERG. Morgan Stanley reissued an “overweight” rating on shares of Ferguson in a research report on Wednesday, September 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ferguson in a report on Wednesday, October 8th. UBS Group upped their target price on Ferguson from $204.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 17th. Wells Fargo & Company raised their price target on Ferguson from $275.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Finally, Royal Bank Of Canada boosted their price target on Ferguson from $231.00 to $243.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Ferguson presently has a consensus rating of “Moderate Buy” and a consensus price target of $246.71.

Insider Buying and Selling at Ferguson

In related news, insider Ian T. Graham sold 606 shares of the business’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $239.33, for a total transaction of $145,033.98. Following the transaction, the insider directly owned 7,714 shares in the company, valued at $1,846,191.62. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Allison Stirrup sold 969 shares of the business’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $234.23, for a total transaction of $226,968.87. Following the completion of the sale, the insider directly owned 5,058 shares in the company, valued at $1,184,735.34. This trade represents a 16.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 29,264 shares of company stock valued at $6,853,349 over the last quarter. Company insiders own 0.18% of the company’s stock.

Ferguson Company Profile

Ferguson Enterprises Inc distributes plumbing and heating products in North America. The company provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, and fabrication, as well as heating, ventilation, and air conditioning (HVAC) to residential and non-residential customers.