Mascoma Wealth Management LLC Makes New $70,000 Investment in Ferguson plc (NASDAQ:FERG)

Mascoma Wealth Management LLC purchased a new position in shares of Ferguson plc (NASDAQ:FERG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 350 shares of the company’s stock, valued at approximately $70,000.

Several other institutional investors have also made changes to their positions in the stock. Bank of New York Mellon Corp boosted its holdings in shares of Ferguson by 375.4% during the second quarter. Bank of New York Mellon Corp now owns 6,289,864 shares of the company’s stock worth $1,218,032,000 after purchasing an additional 4,966,821 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Ferguson by 589.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,619,637 shares of the company’s stock valued at $353,778,000 after acquiring an additional 1,384,570 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Ferguson by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,563,558 shares of the company’s stock worth $302,781,000 after buying an additional 153,757 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its stake in shares of Ferguson by 5.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 1,412,652 shares of the company’s stock worth $280,510,000 after buying an additional 79,152 shares during the last quarter. Finally, First Pacific Advisors LP lifted its stake in shares of Ferguson by 1.4% in the second quarter. First Pacific Advisors LP now owns 1,104,289 shares of the company’s stock worth $213,846,000 after buying an additional 15,700 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on FERG shares. Oppenheimer started coverage on shares of Ferguson in a research note on Wednesday, October 23rd. They set an “outperform” rating and a $234.00 target price for the company. Barclays upped their target price on shares of Ferguson from $229.00 to $245.00 and gave the company an “overweight” rating in a research note on Wednesday, September 18th. Robert W. Baird boosted their price target on shares of Ferguson from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Royal Bank of Canada boosted their price target on shares of Ferguson from $211.00 to $219.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Finally, Wells Fargo & Company boosted their price target on shares of Ferguson from $225.00 to $232.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Ferguson has a consensus rating of “Moderate Buy” and a consensus price target of $233.38.

Insider Transactions at Ferguson

In related news, SVP Garland Williams sold 1,118 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $201.22, for a total value of $224,963.96. Following the transaction, the senior vice president now owns 1,882 shares in the company, valued at approximately $378,696.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Ferguson news, SVP Garland Williams sold 1,118 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $201.22, for a total value of $224,963.96. Following the completion of the transaction, the senior vice president now owns 1,882 shares in the company, valued at $378,696.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ian T. Graham sold 5,778 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $201.27, for a total value of $1,162,938.06. Following the transaction, the insider now owns 5,938 shares of the company’s stock, valued at $1,195,141.26. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,313 shares of company stock valued at $2,477,901. 0.16% of the stock is currently owned by corporate insiders.

Ferguson Price Performance

NASDAQ FERG opened at $206.78 on Tuesday. The business has a 50 day simple moving average of $198.70 and a 200 day simple moving average of $203.33. Ferguson plc has a 52-week low of $159.20 and a 52-week high of $225.63. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.00 and a current ratio of 1.80. The stock has a market cap of $41.51 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 2.02 and a beta of 1.20.

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

Ferguson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, September 27th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Friday, September 27th. Ferguson’s dividend 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.