Ferguson plc $FERG Stock Position Lessened by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its holdings in shares of Ferguson plc (NYSE:FERG) by 9.1% during the second quarter, Holdings Channel.com reports. The firm owned 67,522 shares of the company’s stock after selling 6,743 shares during the quarter. Corient Private Wealth LLC’s holdings in Ferguson were worth $14,703,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group raised its position in shares of Ferguson by 103.6% during the 1st quarter. Brooklyn Investment Group now owns 226 shares of the company’s stock worth $36,000 after buying an additional 115 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Ferguson by 769.5% in the first quarter. Wellington Management Group LLP now owns 1,266,954 shares of the company’s stock valued at $203,004,000 after acquiring an additional 1,121,249 shares in the last quarter. GFI Investment Counsel Ltd. increased its stake in shares of Ferguson by 4.2% during the first quarter. GFI Investment Counsel Ltd. now owns 294,195 shares of the company’s stock valued at $47,139,000 after acquiring an additional 11,807 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Ferguson by 65.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,454,467 shares of the company’s stock valued at $713,740,000 after acquiring an additional 1,755,464 shares during the period. Finally, Compound Planning Inc. raised its holdings in Ferguson by 4.6% during the first quarter. Compound Planning Inc. now owns 1,386 shares of the company’s stock worth $222,000 after purchasing an additional 61 shares in the last quarter. Institutional investors and hedge funds own 81.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on FERG shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ferguson in a research note on Wednesday, October 8th. Wall Street Zen raised Ferguson from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. JPMorgan Chase & Co. boosted their price target on shares of Ferguson from $225.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Truist Financial upped their price target on shares of Ferguson from $240.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Finally, Barclays lowered their price objective on shares of Ferguson from $273.00 to $267.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Ferguson presently has an average rating of “Moderate Buy” and an average target price of $250.47.

Insiders Place Their Bets

In other Ferguson news, insider Allison Stirrup sold 969 shares of Ferguson stock in a transaction that occurred 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 transaction, the insider directly owned 5,058 shares in the company, valued at approximately $1,184,735.34. The trade was a 16.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James A. Paisley sold 3,000 shares of the stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $236.97, for a total value of $710,910.00. Following the completion of the sale, the insider owned 2,211 shares of the company’s stock, valued at $523,940.67. The trade was a 57.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,264 shares of company stock worth $6,853,349 in the last quarter. Corporate insiders own 0.18% of the company’s stock.

Ferguson Stock Up 0.4%

Shares of NYSE FERG opened at $225.99 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.94 and a current ratio of 1.68. Ferguson plc has a 12 month low of $146.00 and a 12 month high of $256.93. The stock has a market capitalization of $44.19 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. The company’s fifty day moving average is $242.03.

Ferguson (NYSE:FERG) last issued its quarterly earnings results on Tuesday, December 9th. The company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.07. The firm had revenue of $8.17 billion for the quarter. Ferguson had a return on equity of 36.42% and a net margin of 6.28%.The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.45 EPS.

Ferguson Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.89 per share. This is an increase from Ferguson’s previous quarterly dividend of $0.83. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, January 2nd. Ferguson’s dividend payout ratio (DPR) is presently 33.54%.

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.