Coldstream Capital Management Inc. Sells 371 Shares of Ferguson plc (NASDAQ:FERG)

Coldstream Capital Management Inc. lowered its stake in shares of Ferguson plc (NASDAQ:FERG) by 9.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 3,462 shares of the company’s stock after selling 371 shares during the period. Coldstream Capital Management Inc.’s holdings in Ferguson were worth $689,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Asset Dedication LLC bought a new stake in Ferguson in the 3rd quarter worth about $27,000. True Wealth Design LLC lifted its holdings in Ferguson by 1,350.0% during the third quarter. True Wealth Design LLC now owns 145 shares of the company’s stock worth $29,000 after acquiring an additional 135 shares during the period. EdgeRock Capital LLC bought a new position in Ferguson in the 2nd quarter valued at $32,000. Capital Performance Advisors LLP bought a new position in Ferguson in the 3rd quarter valued at $37,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of Ferguson during the 3rd quarter valued at $39,000. 81.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Garland Williams sold 1,118 shares of Ferguson stock in a transaction on Monday, October 14th. The shares were 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 directly owns 1,882 shares of the company’s stock, valued at approximately $378,696.04. The trade was a 37.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Michael Jacobs sold 2,624 shares of the 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 transaction, the vice president now directly owns 1,116 shares in the company, valued at approximately $224,271.36. This represents a 70.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,313 shares of company stock worth $2,477,901. Insiders own 0.16% of the company’s stock.

Ferguson Stock Down 1.5 %

Shares of NASDAQ:FERG opened at $187.47 on Friday. The firm has a fifty day moving average price of $203.74 and a two-hundred day moving average price of $202.32. The company has a market cap of $37.48 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.93 and a beta of 1.21. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.80 and a quick ratio of 1.00. Ferguson plc has a one year low of $183.63 and a one year high of $225.63.

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 company had revenue of $7.95 billion during the quarter, compared to analyst estimates of $8.01 billion. Ferguson had a return on equity of 34.85% and a net margin of 5.68%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $2.77 earnings per share. Analysts anticipate that Ferguson plc will post 9.51 EPS for the current fiscal year.

Ferguson Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.83 per share. This is a positive change from Ferguson’s previous quarterly dividend of $0.79. The ex-dividend date is Friday, December 20th. This represents a $3.32 annualized dividend and a dividend yield of 1.77%. Ferguson’s payout ratio is presently 37.94%.

Analyst Ratings Changes

Several equities analysts recently weighed in on FERG shares. Wells Fargo & Company reduced their price target on shares of Ferguson from $232.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday. Barclays lowered their price objective on Ferguson from $245.00 to $234.00 and set an “overweight” rating on the stock in a research note on Thursday. Royal Bank of Canada reiterated an “outperform” rating and set a $219.00 target price on shares of Ferguson in a research report on Wednesday. Berenberg Bank boosted their price target on shares of Ferguson from $224.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Oppenheimer assumed coverage on shares of Ferguson in a report on Wednesday, October 23rd. They issued an “outperform” rating and a $234.00 price objective for the company. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Ferguson currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.00.

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.