12,500 Shares in Ferguson plc (NASDAQ:FERG) Purchased by Wolverine Asset Management LLC

Wolverine Asset Management LLC acquired a new position in shares of Ferguson plc (NASDAQ:FERG) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 12,500 shares of the company’s stock, valued at approximately $2,482,000.

Other hedge funds also recently bought and sold shares of the company. CWM LLC lifted its position in shares of Ferguson by 303.7% in the 3rd quarter. CWM LLC now owns 4,550 shares of the company’s stock valued at $904,000 after acquiring an additional 3,423 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Ferguson in the second quarter valued at $2,834,000. TD Asset Management Inc boosted its position in shares of Ferguson by 53.4% in the first quarter. TD Asset Management Inc now owns 319,746 shares of the company’s stock worth $69,953,000 after buying an additional 111,357 shares during the period. Swedbank AB purchased a new position in shares of Ferguson during the first quarter valued at $26,379,000. Finally, Acadian Asset Management LLC lifted its stake in Ferguson by 1,835.1% in the 1st quarter. Acadian Asset Management LLC now owns 7,779 shares of the company’s stock worth $1,697,000 after acquiring an additional 7,377 shares in the last quarter. 81.98% of the stock is owned by hedge funds and other institutional investors.

Ferguson Price Performance

Shares of NASDAQ:FERG opened at $208.73 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.80 and a quick ratio of 1.00. The stock has a market capitalization of $41.90 billion, a P/E ratio of 24.47, a P/E/G ratio of 2.02 and a beta of 1.20. The business has a 50-day moving average of $198.70 and a two-hundred day moving average of $203.33. Ferguson plc has a fifty-two week low of $159.20 and a fifty-two week high of $225.63.

Ferguson (NASDAQ:FERG) last announced its earnings results 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 return on equity of 36.53% and a net margin of 5.85%. The firm had revenue of $7.95 billion during the quarter, compared to analysts’ expectations of $8.01 billion. During the same quarter in the prior year, the business earned $2.77 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. On average, equities research analysts predict that Ferguson plc will post 9.77 EPS for the current fiscal year.

Ferguson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors 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 dividend on an annualized basis and a yield of 1.51%. Ferguson’s payout ratio is presently 37.05%.

Insider Transactions at Ferguson

In other 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Garland Williams sold 1,118 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $201.22, for a total transaction of $224,963.96. Following the completion of the sale, the senior vice president now owns 1,882 shares in the company, valued at $378,696.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Michael Jacobs sold 2,624 shares of the company’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 of the company’s stock, valued at $224,271.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,313 shares of company stock worth $2,477,901. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FERG. Royal Bank of Canada upped their target price on Ferguson from $211.00 to $219.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Barclays upped their price objective on shares of Ferguson from $229.00 to $245.00 and gave the company an “overweight” rating in a research note on Wednesday, September 18th. Robert W. Baird boosted 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, October 16th. Citigroup upped their price target 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. Finally, Jefferies Financial Group lifted their price objective on Ferguson from $238.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $233.38.

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.