Ferguson plc (NASDAQ:FERG) Shares Bought by True Wealth Design LLC

True Wealth Design LLC grew its stake in Ferguson plc (NASDAQ:FERG) by 1,350.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 145 shares of the company’s stock after acquiring an additional 135 shares during the quarter. True Wealth Design LLC’s holdings in Ferguson were worth $29,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Asset Dedication LLC purchased a new stake in shares of Ferguson during the 3rd quarter valued at approximately $27,000. EdgeRock Capital LLC acquired a new stake in Ferguson during the second quarter worth $32,000. Capital Performance Advisors LLP purchased a new stake in Ferguson in the third quarter valued at $37,000. Peterson Financial Group Inc. acquired a new position in shares of Ferguson in the 3rd quarter valued at $39,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Ferguson during the 3rd quarter worth $40,000. Hedge funds and other institutional investors own 81.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on FERG shares. Oppenheimer started coverage on shares of Ferguson in a research report on Wednesday, October 23rd. They issued an “outperform” rating and a $234.00 target price on the stock. UBS Group upped their price objective on shares of Ferguson from $228.00 to $236.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Robert W. Baird lifted their target price on shares of Ferguson from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Citigroup boosted their target price on Ferguson from $203.00 to $221.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. Finally, Barclays raised their price target on Ferguson from $229.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 18th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $233.38.

Insiders Place Their Bets

In other news, VP Michael Jacobs sold 2,624 shares of Ferguson stock in a transaction on Monday, October 14th. The shares were sold at an average price of $200.96, for a total transaction of $527,319.04. Following the completion of the sale, the vice president now directly owns 1,116 shares of the company’s stock, valued at approximately $224,271.36. The trade was a 70.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Victoria Morrissey sold 1,468 shares of the firm’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 sale, the chief marketing officer now owns 5,205 shares in the company, valued at approximately $1,047,246. This represents a 22.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,313 shares of company stock worth $2,477,901 in the last 90 days. Corporate insiders own 0.16% of the company’s stock.

Ferguson Stock Performance

NASDAQ:FERG opened at $214.10 on Tuesday. The company has a market cap of $42.98 billion, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 2.10 and a beta of 1.21. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 0.89. Ferguson plc has a 52 week low of $167.09 and a 52 week high of $225.63. The company has a fifty day simple moving average of $201.96 and a two-hundred day simple moving average of $202.40.

Ferguson (NASDAQ:FERG) last posted its quarterly earnings results on Tuesday, September 17th. The company reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.12. Ferguson had a return on equity of 36.53% and a net margin of 5.85%. The company had revenue of $7.95 billion for the quarter, compared to analyst estimates of $8.01 billion. During the same quarter last year, the company earned $2.77 EPS. Ferguson’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities analysts anticipate that Ferguson plc will post 9.77 earnings per share for the current fiscal year.

Ferguson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, September 27th were paid a $0.79 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.16 dividend on an annualized basis and a yield of 1.48%. Ferguson’s dividend payout ratio is currently 37.05%.

About Ferguson

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.