Ferguson plc (NASDAQ:FERG) Insider Ian T. Graham Sells 5,778 Shares

Ferguson plc (NASDAQ:FERG) 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 transaction of $1,162,938.06. Following the sale, the insider now owns 5,938 shares of the company’s stock, valued at approximately $1,195,141.26. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Ferguson Trading Up 1.4 %

NASDAQ FERG opened at $202.83 on Thursday. Ferguson plc has a one year low of $147.62 and a one year high of $225.63. 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 firm has a market cap of $40.72 billion, a P/E ratio of 23.78, a P/E/G ratio of 3.37 and a beta of 1.20. The stock’s 50-day moving average is $200.50 and its 200-day moving average is $205.28.

Ferguson (NASDAQ:FERG) last announced its earnings results on Tuesday, September 17th. The company reported $2.98 EPS for the quarter, topping the consensus estimate of $2.86 by $0.12. The firm 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 business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the company posted $2.77 EPS. Sell-side analysts anticipate that Ferguson plc will post 9.86 earnings per share for the current fiscal year.

Ferguson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, September 27th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Friday, September 27th. Ferguson’s payout ratio is presently 37.05%.

Institutional Investors Weigh In On Ferguson

Several institutional investors have recently bought and sold shares of FERG. Richardson Financial Services Inc. bought a new position in shares of Ferguson during the 4th quarter worth approximately $25,000. Asset Dedication LLC acquired a new position in Ferguson during the third quarter worth $27,000. EdgeRock Capital LLC bought a new position in Ferguson in the second quarter valued at $32,000. MCF Advisors LLC acquired a new stake in Ferguson in the 1st quarter valued at $47,000. Finally, Versant Capital Management Inc lifted its position in Ferguson by 2,462.5% during the 2nd quarter. Versant Capital Management Inc now owns 410 shares of the company’s stock worth $79,000 after buying an additional 394 shares in the last quarter. Institutional investors own 81.98% of the company’s stock.

Wall Street Analyst Weigh In

FERG has been the topic of a number of recent research reports. Robert W. Baird raised their price objective on shares of Ferguson from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group lifted their price objective on Ferguson from $228.00 to $236.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Citigroup raised their target price on Ferguson from $203.00 to $221.00 and gave the stock a “neutral” rating in a report on Wednesday, September 18th. Jefferies Financial Group upped their price target on Ferguson from $238.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, Royal Bank of Canada lifted their price objective on shares of Ferguson from $211.00 to $219.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Ferguson has a consensus rating of “Moderate Buy” and a consensus target price of $232.29.

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.