Coldstream Capital Management Inc. Sells 256 Shares of Ferguson plc $FERG

Coldstream Capital Management Inc. decreased its stake in Ferguson plc (NYSE:FERG) by 11.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,056 shares of the company’s stock after selling 256 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Ferguson were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smithfield Trust Co increased its stake in shares of Ferguson by 3.5% in the 2nd quarter. Smithfield Trust Co now owns 1,342 shares of the company’s stock valued at $291,000 after acquiring an additional 46 shares during the last quarter. Hemington Wealth Management grew its holdings in Ferguson by 51.5% during the second quarter. Hemington Wealth Management now owns 153 shares of the company’s stock valued at $33,000 after purchasing an additional 52 shares during the period. US Bancorp DE increased its stake in Ferguson by 0.8% in the first quarter. US Bancorp DE now owns 7,394 shares of the company’s stock valued at $1,185,000 after purchasing an additional 59 shares in the last quarter. Compound Planning Inc. raised its holdings in Ferguson by 4.6% in the first quarter. Compound Planning Inc. now owns 1,386 shares of the company’s stock worth $222,000 after purchasing an additional 61 shares during the period. Finally, True Wealth Design LLC raised its holdings in Ferguson by 145.3% in the second quarter. True Wealth Design LLC now owns 130 shares of the company’s stock worth $28,000 after purchasing an additional 77 shares during the period. Institutional investors own 81.98% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Vertical Research began coverage on shares of Ferguson in a report on Monday, October 20th. They issued a “buy” rating and a $291.99 price target for the company. UBS Group lifted their target price on Ferguson from $204.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, September 17th. Robert W. Baird boosted their target price on Ferguson from $260.00 to $262.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Royal Bank Of Canada increased their price target on Ferguson from $231.00 to $243.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Finally, Truist Financial lifted their price objective on Ferguson from $240.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Ferguson has an average rating of “Moderate Buy” and an average price target of $243.75.

Ferguson Price Performance

FERG opened at $253.00 on Friday. The firm has a 50-day moving average price of $239.70. Ferguson plc has a 1 year low of $146.00 and a 1 year high of $256.93. The firm has a market cap of $49.58 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 2.05 and a beta of 1.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 0.94.

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

Ferguson Announces Dividend

The firm also recently declared 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. This represents a $3.32 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, September 26th. Ferguson’s dividend payout ratio (DPR) is currently 35.55%.

Insider Buying and Selling

In other news, insider Allison Stirrup sold 969 shares of the business’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $234.23, for a total value of $226,968.87. Following the sale, the insider owned 5,058 shares of the company’s stock, valued at $1,184,735.34. The trade was a 16.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider James A. Paisley sold 3,000 shares of the stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $236.97, for a total transaction of $710,910.00. Following the transaction, the insider owned 2,211 shares of the company’s stock, valued at $523,940.67. The trade was a 57.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 29,264 shares of company stock valued at $6,853,349 over the last ninety days. Insiders own 0.18% 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.