Retireful LLC Makes New $530,000 Investment in Ferguson plc (NASDAQ:FERG)

Retireful LLC purchased a new position in shares of Ferguson plc (NASDAQ:FERG) during the third quarter, Holdings Channel.com reports. The firm purchased 2,667 shares of the company’s stock, valued at approximately $530,000.

Several other large investors also recently modified their holdings of FERG. Asset Dedication LLC bought a new position in Ferguson during the third quarter worth $27,000. EdgeRock Capital LLC acquired a new position in shares of Ferguson during the second quarter valued at about $32,000. Capital Performance Advisors LLP bought a new position in shares of Ferguson during the 3rd quarter worth about $37,000. Peterson Financial Group Inc. acquired a new stake in shares of Ferguson in the 3rd quarter valued at about $39,000. Finally, Ashton Thomas Securities LLC bought a new stake in Ferguson in the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 81.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FERG shares. Citigroup raised their price objective on Ferguson from $203.00 to $221.00 and gave the company a “neutral” rating in a research note on Wednesday, September 18th. Royal Bank of Canada boosted their price target on shares of Ferguson from $211.00 to $219.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Barclays raised 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 target price on shares of Ferguson from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Oppenheimer assumed coverage on shares of Ferguson in a report on Wednesday, October 23rd. They issued an “outperform” rating and a $234.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.38.

Insider Buying and Selling

In other Ferguson news, insider Ian T. Graham sold 5,778 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 5,938 shares of the company’s stock, valued at $1,195,141.26. This trade represents a 49.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Michael Jacobs sold 2,624 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $200.96, for a total value of $527,319.04. Following the completion of the sale, the vice president now owns 1,116 shares in the company, valued at approximately $224,271.36. The trade was a 70.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,313 shares of company stock worth $2,477,901. Insiders own 0.16% of the company’s stock.

Ferguson Stock Up 0.6 %

Ferguson stock opened at $201.93 on Wednesday. Ferguson plc has a fifty-two week low of $164.22 and a fifty-two week high of $225.63. The firm’s 50-day simple moving average is $199.91 and its 200 day simple moving average is $202.89. The stock has a market cap of $40.54 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 1.95 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 issued its quarterly earnings results on Tuesday, September 17th. The company reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.12. The business had revenue of $7.95 billion for the quarter, compared to analyst estimates of $8.01 billion. Ferguson had a return on equity of 36.53% and a net margin of 5.85%. Ferguson’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $2.77 earnings per share. Research analysts predict that Ferguson plc will post 9.77 EPS for the current fiscal year.

Ferguson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, September 27th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.16 annualized dividend and a yield of 1.56%. Ferguson’s payout ratio is currently 37.05%.

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.