Arkadios Wealth Advisors Acquires New Position in Ferguson plc (NASDAQ:FERG)

Arkadios Wealth Advisors bought a new position in Ferguson plc (NASDAQ:FERG) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,993 shares of the company’s stock, valued at approximately $396,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FERG. Oppenheimer & Co. Inc. increased its stake in shares of Ferguson by 1.8% in the first quarter. Oppenheimer & Co. Inc. now owns 3,142 shares of the company’s stock worth $686,000 after purchasing an additional 57 shares in the last quarter. Transatlantique Private Wealth LLC increased its stake in Ferguson by 3.0% in the 2nd quarter. Transatlantique Private Wealth LLC now owns 2,035 shares of the company’s stock worth $394,000 after buying an additional 60 shares in the last quarter. GAMMA Investing LLC increased its stake in Ferguson by 3.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,130 shares of the company’s stock worth $412,000 after buying an additional 78 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Ferguson by 4.1% during the second quarter. Sequoia Financial Advisors LLC now owns 2,416 shares of the company’s stock valued at $468,000 after acquiring an additional 95 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in shares of Ferguson by 1.6% in the second quarter. Park Avenue Securities LLC now owns 6,241 shares of the company’s stock worth $1,209,000 after acquiring an additional 100 shares during the period. Institutional investors own 81.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FERG. Barclays lifted their target price on Ferguson from $229.00 to $245.00 and gave the company an “overweight” rating in a research note on Wednesday, September 18th. Oppenheimer initiated 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. Robert W. Baird raised their target price on shares of Ferguson from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Jefferies Financial Group boosted their price target on shares of Ferguson from $238.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Wells Fargo & Company cut their price objective on Ferguson from $250.00 to $225.00 and set an “overweight” rating for the company in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $232.50.

Insider Activity

In related news, CMO Victoria Morrissey sold 1,468 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $201.20, for a total transaction of $295,361.60. Following the transaction, the chief marketing officer now directly owns 5,205 shares in the company, valued at approximately $1,047,246. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP Garland Williams sold 1,118 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $201.22, for a total transaction of $224,963.96. Following the completion of the transaction, the senior vice president now owns 1,882 shares in the company, valued at $378,696.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Victoria Morrissey sold 1,468 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $201.20, for a total value of $295,361.60. Following the completion of the transaction, the chief marketing officer now directly owns 5,205 shares in the company, valued at $1,047,246. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,313 shares of company stock valued at $2,477,901. 0.16% of the stock is currently owned by company insiders.

Ferguson Stock Up 1.1 %

Shares of NASDAQ FERG opened at $197.14 on Thursday. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 0.89. Ferguson plc has a 12-month low of $147.62 and a 12-month high of $225.63. The firm’s 50-day moving average price is $199.40 and its 200-day moving average price is $203.79. The stock has a market capitalization of $39.57 billion, a price-to-earnings ratio of 23.11, a P/E/G ratio of 1.91 and a beta of 1.20.

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 business had revenue of $7.95 billion during 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%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the company earned $2.77 EPS. On average, equities research analysts anticipate that Ferguson plc will post 9.77 EPS for the current fiscal year.

Ferguson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, September 27th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Friday, September 27th. Ferguson’s dividend payout ratio is currently 37.05%.

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.