Ferguson plc $FERG Shares Acquired by Assetmark Inc.

Assetmark Inc. boosted its holdings in Ferguson plc (NYSE:FERG) by 1,052.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,756 shares of the company’s stock after acquiring an additional 3,430 shares during the period. Assetmark Inc.’s holdings in Ferguson were worth $818,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. increased its position in Ferguson by 101.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,165,873 shares of the company’s stock worth $667,498,000 after buying an additional 2,094,029 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Ferguson by 65.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,454,467 shares of the company’s stock valued at $713,740,000 after acquiring an additional 1,755,464 shares during the last quarter. Wellington Management Group LLP increased its position in Ferguson by 769.5% during the 1st quarter. Wellington Management Group LLP now owns 1,266,954 shares of the company’s stock worth $203,004,000 after purchasing an additional 1,121,249 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Ferguson by 1,036.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,020,522 shares of the company’s stock valued at $163,518,000 after purchasing an additional 930,696 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in Ferguson by 29.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,635,707 shares of the company’s stock valued at $582,452,000 after purchasing an additional 831,112 shares in the last quarter. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ferguson

In related news, insider Kevin Michael Murphy sold 8,800 shares of the firm’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $234.13, for a total value of $2,060,344.00. Following the transaction, the insider owned 159,931 shares in the company, valued at approximately $37,444,645.03. This trade represents a 5.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jake Schlicher sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $233.52, for a total transaction of $700,560.00. Following the sale, the senior vice president owned 11,651 shares of the company’s stock, valued at approximately $2,720,741.52. This represents a 20.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 29,264 shares of company stock valued at $6,853,349 in the last three months. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Ferguson from $250.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 17th. UBS Group raised their target price on shares of Ferguson from $204.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 17th. Wall Street Zen raised shares of Ferguson from a “hold” rating to a “buy” rating in a research note on Monday, October 20th. Zacks Research upgraded Ferguson to a “hold” rating in a report on Friday, August 8th. Finally, Vertical Research began coverage on Ferguson in a report on Monday, October 20th. They set a “buy” rating and a $291.99 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $240.80.

Ferguson Stock Down 1.0%

FERG stock opened at $246.58 on Friday. The firm has a market cap of $48.32 billion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 2.05 and a beta of 1.18. 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 business’s fifty day moving average price is $234.88. Ferguson plc has a 52 week low of $146.00 and a 52 week high of $252.52.

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

Ferguson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, September 26th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, September 26th. Ferguson’s dividend payout ratio is 35.55%.

Ferguson 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.