Mitsubishi UFJ Asset Management Co. Ltd. Buys 7,999 Shares of Ferguson plc $FERG

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Ferguson plc (NYSE:FERG) by 4.4% in the second quarter, HoldingsChannel reports. The firm owned 191,662 shares of the company’s stock after buying an additional 7,999 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Ferguson were worth $41,801,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. True Wealth Design LLC boosted its stake in Ferguson by 145.3% during the second 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 last quarter. Hemington Wealth Management increased its stake in Ferguson by 51.5% in the 2nd quarter. Hemington Wealth Management now owns 153 shares of the company’s stock worth $33,000 after acquiring an additional 52 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Ferguson by 230.8% during the 2nd quarter. Fifth Third Bancorp now owns 172 shares of the company’s stock worth $37,000 after acquiring an additional 120 shares in the last quarter. Maseco LLP bought a new position in shares of Ferguson during the 2nd quarter valued at approximately $40,000. Finally, Brooklyn Investment Group grew its holdings in shares of Ferguson by 103.6% in the first quarter. Brooklyn Investment Group now owns 226 shares of the company’s stock valued at $36,000 after purchasing an additional 115 shares in the last quarter. 81.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Oppenheimer upped their price target on shares of Ferguson from $235.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Truist Financial boosted their target price on shares of Ferguson from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Wall Street Zen upgraded shares of Ferguson from a “hold” rating to a “buy” rating in a research report on Monday, October 20th. UBS Group lifted their price target on Ferguson from $204.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 17th. Finally, Zacks Research raised Ferguson to a “hold” rating in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $240.80.

Insider Transactions at Ferguson

In other Ferguson news, CAO Richard Winckler sold 1,034 shares of the stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $232.70, for a total value of $240,611.80. Following the sale, the chief accounting officer owned 1,458 shares in the company, valued at $339,276.60. This trade represents a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James A. Paisley sold 3,000 shares of Ferguson stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $236.97, for a total value of $710,910.00. Following the sale, the insider owned 2,211 shares of the company’s stock, valued at approximately $523,940.67. This trade represents a 57.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 29,264 shares of company stock valued at $6,853,349. Company insiders own 0.18% of the company’s stock.

Ferguson Trading Up 0.9%

Ferguson stock opened at $251.81 on Tuesday. The business has a 50-day moving average price of $235.67. The company has a market cap of $49.35 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 2.05 and a beta of 1.18. The company has a quick ratio of 0.94, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. Ferguson plc has a 12-month low of $146.00 and a 12-month high of $253.59.

Ferguson (NYSE:FERG) last issued its quarterly earnings results on Tuesday, September 16th. The company reported $3.48 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $8.44 billion.

Ferguson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, September 26th were paid 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 is currently 35.55%.

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.