Ferguson plc (NASDAQ:FERG) Shares Purchased by Buckley Wealth Management LLC

Buckley Wealth Management LLC boosted its position in shares of Ferguson plc (NASDAQ:FERG) by 4.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 4,925 shares of the company’s stock after acquiring an additional 199 shares during the quarter. Buckley Wealth Management LLC’s holdings in Ferguson were worth $978,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FERG. OneAscent Financial Services LLC lifted its holdings in shares of Ferguson by 1.9% during the first quarter. OneAscent Financial Services LLC now owns 2,584 shares of the company’s stock worth $565,000 after purchasing an additional 49 shares during the period. Perigon Wealth Management LLC lifted its stake in Ferguson by 3.6% during the 1st quarter. Perigon Wealth Management LLC now owns 1,568 shares of the company’s stock valued at $342,000 after acquiring an additional 55 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in shares of Ferguson by 1.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 3,142 shares of the company’s stock valued at $686,000 after acquiring an additional 57 shares during the last quarter. Transatlantique Private Wealth LLC increased its stake in shares of Ferguson by 3.0% in the second quarter. Transatlantique Private Wealth LLC now owns 2,035 shares of the company’s stock worth $394,000 after acquiring an additional 60 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Ferguson by 3.8% during the second quarter. GAMMA Investing LLC now owns 2,130 shares of the company’s stock worth $412,000 after purchasing an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 81.98% of the company’s stock.

Ferguson Price Performance

Shares of NASDAQ:FERG traded down $0.62 during midday trading on Friday, reaching $204.48. 1,329,353 shares of the company’s stock traded hands, compared to its average volume of 2,004,542. The company has a fifty day simple moving average of $200.77 and a two-hundred day simple moving average of $205.11. Ferguson plc has a 1 year low of $147.62 and a 1 year high of $225.63. The company has a market cap of $41.05 billion, a P/E ratio of 21.10, a PEG ratio of 3.42 and a beta of 1.20. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.00 and a current ratio of 1.80.

Ferguson (NASDAQ:FERG) last posted its quarterly earnings data on Tuesday, September 17th. The company reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.12. The business had revenue of $7.95 billion for the quarter, compared to the consensus estimate of $8.01 billion. Ferguson had a net margin of 5.85% and a return on equity of 36.53%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $2.77 earnings per share. Equities analysts predict that Ferguson plc will post 9.86 EPS for the current fiscal year.

Ferguson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $3.16 annualized dividend and a yield of 1.55%. Ferguson’s dividend payout ratio (DPR) is currently 37.05%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Robert W. Baird upped their price target on shares of Ferguson from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday. Wells Fargo & Company dropped their target price on Ferguson from $250.00 to $225.00 and set an “overweight” rating on the stock in a report on Wednesday, September 18th. Barclays lifted their price target on Ferguson from $229.00 to $245.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. Royal Bank of Canada upped their price objective on Ferguson from $211.00 to $219.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. Finally, Jefferies Financial Group lifted their target price on shares of Ferguson from $238.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $232.29.

Insiders Place Their Bets

In other news, insider Ian T. Graham sold 5,778 shares of Ferguson stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $201.27, for a total value of $1,162,938.06. Following the sale, the insider now directly owns 5,938 shares of the company’s stock, valued at $1,195,141.26. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Michael Jacobs sold 2,624 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $200.96, for a total transaction of $527,319.04. Following the completion of the sale, the vice president now owns 1,116 shares of the company’s stock, valued at approximately $224,271.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ian T. Graham sold 5,778 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $201.27, for a total transaction of $1,162,938.06. Following the completion of the transaction, the insider now directly owns 5,938 shares in the company, valued at $1,195,141.26. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,313 shares of company stock worth $2,477,901. Corporate insiders own 0.15% of the company’s stock.

Ferguson 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.