Carl P. Sherr & Co. LLC Sells 150 Shares of Ferguson plc (NASDAQ:FERG)

Carl P. Sherr & Co. LLC cut its position in Ferguson plc (NASDAQ:FERG) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,054 shares of the company’s stock after selling 150 shares during the quarter. Carl P. Sherr & Co. LLC’s holdings in Ferguson were worth $1,401,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FERG. Asset Dedication LLC acquired a new stake in Ferguson in the third quarter valued at approximately $27,000. EdgeRock Capital LLC bought a new position in shares of Ferguson in the second quarter valued at approximately $32,000. Capital Performance Advisors LLP bought a new position in shares of Ferguson in the third quarter valued at approximately $37,000. Peterson Financial Group Inc. bought a new stake in Ferguson during the third quarter worth $39,000. Finally, Reston Wealth Management LLC bought a new stake in Ferguson during the third quarter worth $40,000. 81.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citigroup lifted their price target on Ferguson from $203.00 to $221.00 and gave the stock a “neutral” rating in a report on Wednesday, September 18th. Wells Fargo & Company boosted their target price on Ferguson from $225.00 to $232.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Oppenheimer began coverage on Ferguson in a research note on Wednesday, October 23rd. They issued an “outperform” rating and a $234.00 target price on the stock. Robert W. Baird boosted their target price on Ferguson from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada boosted their target price on Ferguson from $211.00 to $219.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $233.38.

Ferguson Trading Up 0.4 %

FERG opened at $213.27 on Friday. The business has a 50 day simple moving average of $201.47 and a two-hundred day simple moving average of $202.59. The firm has a market capitalization of $42.81 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 2.07 and a beta of 1.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.80 and a quick ratio of 1.00. Ferguson plc has a one year low of $166.21 and a one year high of $225.63.

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

Ferguson Announces Dividend

The business 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 of this dividend was Friday, September 27th. This represents a $3.16 annualized dividend and a dividend yield of 1.48%. Ferguson’s payout ratio is currently 37.05%.

Insider Buying and Selling

In other Ferguson news, CMO Victoria Morrissey sold 1,468 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $201.20, for a total transaction of $295,361.60. Following the sale, the chief marketing officer now directly owns 5,205 shares in the company, valued at approximately $1,047,246. This trade represents a 22.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Garland Williams sold 1,118 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $201.22, for a total value of $224,963.96. Following the sale, the senior vice president now owns 1,882 shares in the company, valued at approximately $378,696.04. This represents a 37.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,313 shares of company stock worth $2,477,901 in the last 90 days. Insiders own 0.16% of the company’s stock.

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.