Ferguson plc (NASDAQ:FERG) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA lessened its holdings in Ferguson plc (NASDAQ:FERG) by 51.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,351 shares of the company’s stock after selling 6,780 shares during the quarter. Glenmede Trust Co. NA’s holdings in Ferguson were worth $1,261,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Asset Dedication LLC acquired a new stake in shares of Ferguson in the third quarter valued at $27,000. EdgeRock Capital LLC purchased a new stake in Ferguson during the 2nd quarter worth about $32,000. Capital Performance Advisors LLP acquired a new stake in Ferguson in the 3rd quarter valued at about $37,000. Peterson Financial Group Inc. purchased a new position in shares of Ferguson in the 3rd quarter valued at about $39,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Ferguson during the third quarter worth about $40,000. Institutional investors and hedge funds own 81.98% of the company’s stock.

Insider Buying and Selling at Ferguson

In other Ferguson news, VP Michael Jacobs sold 2,624 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was 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. This trade represents a 70.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Richard Winckler sold 1,325 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $201.75, for a total value of $267,318.75. Following the completion of the transaction, the chief accounting officer now directly owns 1,000 shares in the company, valued at approximately $201,750. The trade was a 56.99 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,313 shares of company stock worth $2,477,901. 0.16% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on FERG shares. Royal Bank of Canada raised their target price on shares of Ferguson from $211.00 to $219.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Citigroup lifted their price objective on shares of Ferguson from $203.00 to $221.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 18th. Robert W. Baird increased their target price on Ferguson from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. UBS Group lifted their price target on Ferguson from $228.00 to $236.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Finally, Barclays upped their price objective on Ferguson from $229.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 18th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $233.38.

Ferguson Stock Up 1.2 %

Ferguson stock opened at $215.93 on Monday. The stock has a 50-day simple moving average of $201.96 and a 200-day simple moving average of $202.53. The company has a market capitalization of $43.35 billion, a P/E ratio of 25.31, a PEG ratio of 2.10 and a beta of 1.20. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.00 and a current ratio of 1.80. Ferguson plc has a fifty-two week low of $167.09 and a fifty-two week high of $225.63.

Ferguson (NASDAQ:FERG) last issued its quarterly earnings data on Tuesday, September 17th. The company reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.12. The company had revenue of $7.95 billion during the quarter, compared to analysts’ expectations of $8.01 billion. Ferguson had a return on equity of 36.53% and a net margin of 5.85%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.77 earnings per share. Equities research analysts expect that Ferguson plc will post 9.77 earnings per share for the current year.

Ferguson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, September 27th were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.46%. The ex-dividend date was Friday, September 27th. Ferguson’s payout ratio is currently 37.05%.

Ferguson 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.