Toronto Dominion Bank Sells 7,115 Shares of Ferguson plc (NASDAQ:FERG)

Toronto Dominion Bank trimmed its stake in Ferguson plc (NASDAQ:FERG) by 26.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,398 shares of the company’s stock after selling 7,115 shares during the period. Toronto Dominion Bank’s holdings in Ferguson were worth $4,237,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. BayBridge Capital Group LLC raised its position in shares of Ferguson by 2.0% in the 1st quarter. BayBridge Capital Group LLC now owns 2,373 shares of the company’s stock worth $494,000 after acquiring an additional 47 shares in the last quarter. Verdence Capital Advisors LLC raised its position in shares of Ferguson by 3.0% in the 1st quarter. Verdence Capital Advisors LLC now owns 1,663 shares of the company’s stock worth $363,000 after acquiring an additional 48 shares in the last quarter. OneAscent Financial Services LLC grew its stake in Ferguson by 1.9% during the 1st quarter. OneAscent Financial Services LLC now owns 2,584 shares of the company’s stock worth $565,000 after buying an additional 49 shares during the last quarter. Venturi Wealth Management LLC grew its stake in Ferguson by 60.0% during the 1st quarter. Venturi Wealth Management LLC now owns 136 shares of the company’s stock worth $30,000 after buying an additional 51 shares during the last quarter. Finally, Financial Advocates Investment Management grew its stake in Ferguson by 2.7% during the 4th quarter. Financial Advocates Investment Management now owns 1,995 shares of the company’s stock worth $385,000 after buying an additional 52 shares during the last quarter. 81.98% of the stock is owned by institutional investors.

Ferguson Stock Up 2.5 %

Shares of FERG stock opened at $218.54 on Friday. The stock’s 50-day simple moving average is $201.92 and its 200-day simple moving average is $204.87. 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 firm has a market capitalization of $44.13 billion, a PE ratio of 23.05, a P/E/G ratio of 9.12 and a beta of 1.22. Ferguson plc has a fifty-two week low of $147.62 and a fifty-two week high of $224.86.

Ferguson (NASDAQ:FERG) last announced its quarterly earnings data on Tuesday, June 4th. The company reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.05. The business had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.32 billion. Ferguson had a return on equity of 36.89% and a net margin of 6.33%. The company’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.20 earnings per share. Equities analysts expect that Ferguson plc will post 9.66 earnings per share for the current year.

Ferguson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 14th will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, June 14th. Ferguson’s dividend payout ratio is presently 34.54%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FERG. Royal Bank of Canada dropped their target price on Ferguson from $217.00 to $211.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Jefferies Financial Group boosted their target price on Ferguson from $238.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Barclays dropped their target price on Ferguson from $232.00 to $229.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $230.00.

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.