Level Four Advisory Services LLC Buys 696 Shares of Ferguson plc $FERG

Level Four Advisory Services LLC increased its stake in Ferguson plc (NYSE:FERG) by 13.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,797 shares of the company’s stock after purchasing an additional 696 shares during the period. Level Four Advisory Services LLC’s holdings in Ferguson were worth $1,262,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FERG. True Wealth Design LLC increased its stake in shares of Ferguson by 145.3% in the 2nd quarter. True Wealth Design LLC now owns 130 shares of the company’s stock valued at $28,000 after buying an additional 77 shares during the period. Hemington Wealth Management boosted its holdings in Ferguson by 51.5% in the second quarter. Hemington Wealth Management now owns 153 shares of the company’s stock valued at $33,000 after acquiring an additional 52 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Ferguson by 230.8% in the second quarter. Fifth Third Bancorp now owns 172 shares of the company’s stock valued at $37,000 after acquiring an additional 120 shares during the last quarter. Maseco LLP acquired a new stake in Ferguson in the second quarter worth about $40,000. Finally, Brooklyn Investment Group raised its holdings in Ferguson by 103.6% during the 1st quarter. Brooklyn Investment Group now owns 226 shares of the company’s stock worth $36,000 after purchasing an additional 115 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors.

Insider Activity at Ferguson

In other Ferguson news, insider Allison Stirrup sold 969 shares of the firm’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $234.23, for a total transaction of $226,968.87. Following the sale, the insider directly owned 5,058 shares in the company, valued at approximately $1,184,735.34. This trade represents a 16.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO William Brundage sold 3,000 shares of Ferguson stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $233.32, for a total transaction of $699,960.00. Following the completion of the transaction, the chief financial officer directly owned 52,631 shares in the company, valued at approximately $12,279,864.92. The trade was a 5.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 29,264 shares of company stock valued at $6,853,349 over the last 90 days. Insiders own 0.18% of the company’s stock.

Ferguson Stock Down 0.3%

Shares of NYSE FERG opened at $251.67 on Friday. The stock’s fifty day moving average price is $240.15. The company has a market capitalization of $49.32 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 2.05 and a beta of 1.18. Ferguson plc has a twelve month low of $146.00 and a twelve month high of $256.93. The company has a current ratio of 1.68, a quick ratio of 0.94 and a debt-to-equity ratio of 0.64.

Ferguson (NYSE:FERG) last released its quarterly earnings data on Tuesday, September 16th. The company reported $3.48 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.48. The business had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Ferguson had a net margin of 6.03% and a return on equity of 35.21%.

Ferguson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, September 26th were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.3%. Ferguson’s dividend payout ratio (DPR) is currently 35.55%.

Analyst Upgrades and Downgrades

FERG has been the topic of several recent research reports. Robert W. Baird raised their target price 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. UBS Group raised their price objective on shares of Ferguson from $204.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, September 17th. Zacks Research raised shares of Ferguson to a “hold” rating in a report on Friday, August 8th. Barclays increased their price target on Ferguson from $247.00 to $273.00 and gave the company an “overweight” rating in a research note on Thursday, September 18th. Finally, Royal Bank Of Canada lifted their price objective on Ferguson from $231.00 to $243.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Ferguson currently has an average rating of “Moderate Buy” and a consensus target price of $243.75.

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.