Mayflower Financial Advisors LLC Invests $231,000 in Ferguson plc $FERG
Mayflower Financial Advisors LLC has invested $231,000 in Ferguson plc by acquiring 1,060 shares in the second quarter. Other institutional investors have also increased their stakes in Ferguson. The company reported earnings of $3.48 per share, exceeding estimates, and announced a quarterly dividend of $0.83 per share. Ferguson's stock opened at $245.91, with a market cap of $48.19 billion. Recent insider sales have occurred, and analysts have upgraded their ratings on the stock, with Barclays raising the price target to $273.00.
Mayflower Financial Advisors LLC bought a new position in Ferguson plc (NYSE:FERG - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,060 shares of the company's stock, valued at approximately $231,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Untitled Investments LP acquired a new position in Ferguson in the 1st quarter worth about $5,953,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Ferguson by 11.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,932,959 shares of the company's stock valued at $309,718,000 after acquiring an additional 205,531 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Ferguson by 14.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,782 shares of the company's stock valued at $928,000 after acquiring an additional 722 shares during the period. Empowered Funds LLC increased its position in Ferguson by 96.1% in the 1st quarter. Empowered Funds LLC now owns 29,251 shares of the company's stock valued at $4,687,000 after acquiring an additional 14,338 shares during the period. Finally, Fiera Capital Corp increased its position in Ferguson by 37.5% in the 1st quarter. Fiera Capital Corp now owns 13,042 shares of the company's stock valued at $2,090,000 after acquiring an additional 3,559 shares during the period. Institutional investors and hedge funds own 81.98% of the company's stock.
Ferguson Price Performance
NYSE FERG opened at $245.91 on Friday. The firm has a market capitalization of $48.19 billion, a PE ratio of 26.33, a P/E/G ratio of 2.05 and a beta of 1.17. Ferguson plc has a one year low of $146.00 and a one year high of $252.52. The business's 50 day simple moving average is $233.51. 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 (NYSE:FERG - Get Free Report) last issued its earnings results on Tuesday, September 16th. The company reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.48. The business had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.44 billion. Ferguson had a net margin of 6.03% and a return on equity of 35.21%.
Ferguson Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, September 26th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $3.32 annualized dividend and a yield of 1.4%. Ferguson's dividend payout ratio is currently 35.55%.
Insider Buying and Selling at Ferguson
In other Ferguson news, insider Kevin Michael Murphy sold 8,800 shares of the firm's stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $234.13, for a total value of $2,060,344.00. Following the completion of the sale, the insider owned 159,931 shares of the company's stock, valued at approximately $37,444,645.03. This trade represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jake Schlicher sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $233.52, for a total value of $700,560.00. Following the completion of the sale, the senior vice president directly owned 11,651 shares of the company's stock, valued at $2,720,741.52. This trade represents a 20.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 29,264 shares of company stock valued at $6,853,349 over the last 90 days. Insiders own 0.18% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on FERG shares. Wall Street Zen raised Ferguson from a "hold" rating to a "buy" rating in a research note on Monday, October 20th. Barclays increased their price target on Ferguson from $247.00 to $273.00 and gave the company an "overweight" rating in a research note on Thursday, September 18th. Morgan Stanley reissued an "overweight" rating on shares of Ferguson in a research note on Wednesday, September 10th. Truist Financial increased their price target on Ferguson from $240.00 to $260.00 and gave the company a "buy" rating in a research note on Wednesday, September 17th. Finally, UBS Group increased their price target on Ferguson from $204.00 to $225.00 and gave the company a "neutral" rating in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $240.80.
View Our Latest Analysis on Ferguson
Ferguson Company Profile
(Free Report)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.
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