Ferguson (NYSE:FERG) CAO Sells $20,068.57 in Stock

Ferguson plc (NYSE:FERG) CAO Richard Winckler sold 83 shares of the business’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $241.79, for a total value of $20,068.57. Following the completion of the transaction, the chief accounting officer directly owned 1,592 shares in the company, valued at approximately $384,929.68. This represents a 4.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Richard Winckler also recently made the following trade(s):

• On Tuesday, October 14th, Richard Winckler sold 1,034 shares of Ferguson stock. The shares were sold at an average price of $232.70, for a total value of $240,611.80.

Ferguson Stock Up 0.6%

Shares of NYSE FERG opened at $237.02 on Monday. Ferguson plc has a 12-month low of $146.00 and a 12-month high of $243.40. The stock’s 50-day moving average is $230.41. The company has a current ratio of 1.68, a quick ratio of 0.94 and a debt-to-equity ratio of 0.64. The firm has a market cap of $46.45 billion, a P/E ratio of 25.38, a price-to-earnings-growth ratio of 1.95 and a beta of 1.17.

Ferguson (NYSE:FERG) last announced its earnings results on Tuesday, September 16th. The company reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.48. Ferguson had a net margin of 6.03% and a return on equity of 35.21%. The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.44 billion.

Ferguson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, September 26th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, September 26th. Ferguson’s dividend payout ratio (DPR) is presently 35.55%.

Wall Street Analysts Forecast Growth

FERG has been the subject of a number of recent research reports. Oppenheimer boosted their target price on Ferguson from $235.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Wall Street Zen raised Ferguson from a “hold” rating to a “buy” rating in a report on Monday. Wells Fargo & Company lifted their price target on shares of Ferguson from $250.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 17th. Zacks Research raised shares of Ferguson to a “hold” rating in a research note on Friday, August 8th. Finally, Robert W. Baird raised their price objective on shares of Ferguson from $260.00 to $262.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $237.14.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FERG. Farther Finance Advisors LLC raised its holdings in Ferguson by 41.5% in the first quarter. Farther Finance Advisors LLC now owns 467 shares of the company’s stock worth $75,000 after purchasing an additional 137 shares during the period. Yousif Capital Management LLC raised its stake in Ferguson by 3.4% during the 1st quarter. Yousif Capital Management LLC now owns 4,502 shares of the company’s stock worth $721,000 after buying an additional 147 shares during the period. GAMMA Investing LLC lifted its holdings in Ferguson by 23.0% during the first quarter. GAMMA Investing LLC now owns 3,577 shares of the company’s stock worth $573,000 after acquiring an additional 670 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Ferguson by 25.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,188 shares of the company’s stock worth $1,312,000 after acquiring an additional 1,645 shares in the last quarter. Finally, Mission Wealth Management LP grew its stake in Ferguson by 2.2% in the first quarter. Mission Wealth Management LP now owns 3,050 shares of the company’s stock valued at $489,000 after acquiring an additional 67 shares during the period. Institutional investors and hedge funds own 81.98% of the company’s stock.

Ferguson Company Profile

Ferguson Enterprises Inc distributes plumbing and heating products in North America. The company provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, and fabrication, as well as heating, ventilation, and air conditioning (HVAC) to residential and non-residential customers.