Chicago Partners Investment Group LLC Makes New Investment in Ferguson plc $FERG

Chicago Partners Investment Group LLC bought a new position in Ferguson plc (NYSE:FERG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,143 shares of the company’s stock, valued at approximately $260,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TD Private Client Wealth LLC increased its stake in Ferguson by 56.5% in the first quarter. TD Private Client Wealth LLC now owns 205 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares during the period. Hemington Wealth Management increased its stake in Ferguson by 51.5% in the second quarter. Hemington Wealth Management now owns 153 shares of the company’s stock worth $33,000 after purchasing an additional 52 shares during the period. Brooklyn Investment Group increased its stake in Ferguson by 103.6% in the first quarter. Brooklyn Investment Group now owns 226 shares of the company’s stock worth $36,000 after purchasing an additional 115 shares during the period. Fifth Third Bancorp grew its position in shares of Ferguson by 230.8% during the 2nd quarter. Fifth Third Bancorp now owns 172 shares of the company’s stock worth $37,000 after buying an additional 120 shares in the last quarter. Finally, Maseco LLP bought a new position in shares of Ferguson during the 2nd quarter worth $40,000. Hedge funds and other institutional investors own 81.98% of the company’s stock.

Ferguson Price Performance

Shares of FERG stock opened at $249.40 on Friday. Ferguson plc has a 1-year low of $146.00 and a 1-year high of $251.15. The company’s 50-day moving average is $232.09. The company has a market capitalization of $48.88 billion, a P/E ratio of 26.70, a P/E/G ratio of 2.02 and a beta of 1.17. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.94 and a current ratio of 1.68.

Ferguson (NYSE:FERG) last issued its quarterly earnings data on Tuesday, September 16th. The company reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.48. Ferguson had a return on equity of 35.21% and a net margin of 6.03%.The company had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.44 billion.

Ferguson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, September 26th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, September 26th. Ferguson’s dividend payout ratio (DPR) is currently 35.55%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Truist Financial increased their price target on Ferguson from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Barclays increased their price target on Ferguson from $247.00 to $273.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. Royal Bank Of Canada increased their price target on Ferguson from $231.00 to $243.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. JPMorgan Chase & Co. increased their price target on Ferguson from $225.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Finally, Oppenheimer increased their price target on Ferguson from $235.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $240.80.

Insiders Place Their Bets

In other Ferguson news, CFO William Brundage sold 3,000 shares of the firm’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $233.32, for a total value of $699,960.00. Following the completion of the sale, the chief financial officer owned 52,631 shares of the company’s stock, valued at approximately $12,279,864.92. This trade represents a 5.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James A. Paisley sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $236.97, for a total value of $710,910.00. Following the completion of the sale, the insider directly owned 2,211 shares of the company’s stock, valued at approximately $523,940.67. This represents a 57.57% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,264 shares of company stock valued at $6,853,349. 0.18% of the stock is currently owned by corporate insiders.

Ferguson Profile

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.