OneAscent Wealth Management LLC Has $436,000 Stock Holdings in Ferguson plc (NASDAQ:FERG)

OneAscent Wealth Management LLC trimmed its stake in shares of Ferguson plc (NASDAQ:FERG) by 3.9% in the third quarter, Holdings Channel.com reports. The firm owned 2,194 shares of the company’s stock after selling 88 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Ferguson were worth $436,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Asset Dedication LLC acquired a new position in Ferguson in the 3rd quarter valued at approximately $27,000. EdgeRock Capital LLC acquired a new position in Ferguson in the 2nd quarter valued at approximately $32,000. Capital Performance Advisors LLP acquired a new position in Ferguson in the 3rd quarter valued at approximately $37,000. Peterson Financial Group Inc. acquired a new position in Ferguson in the 3rd quarter valued at approximately $39,000. Finally, Reston Wealth Management LLC acquired a new position in Ferguson in the 3rd quarter valued at approximately $40,000. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. UBS Group upped their price target on shares of Ferguson from $228.00 to $236.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Royal Bank of Canada upped their price target on shares of Ferguson from $211.00 to $219.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Citigroup upped their price target on shares of Ferguson from $203.00 to $221.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. Robert W. Baird upped their price target on shares of Ferguson from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Oppenheimer assumed 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. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $233.38.

Insiders Place Their Bets

In other Ferguson news, CMO Victoria Morrissey sold 1,468 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $201.20, for a total value of $295,361.60. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Richard Winckler sold 1,325 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $201.75, for a total transaction of $267,318.75. Following the completion of the sale, the chief accounting officer now owns 1,000 shares of the company’s stock, valued at $201,750. The trade was a 56.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,313 shares of company stock worth $2,477,901. 0.16% of the stock is currently owned by company insiders.

Ferguson Trading Down 0.5 %

NASDAQ FERG traded down $0.94 during mid-day trading on Monday, reaching $199.00. 279,262 shares of the stock were exchanged, compared to its average volume of 1,263,321. Ferguson plc has a one year low of $164.22 and a one year high of $225.63. The stock has a 50 day simple moving average of $199.36 and a 200-day simple moving average of $203.08. The stock has a market cap of $39.95 billion, a P/E ratio of 23.44, a P/E/G ratio of 1.94 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 (NASDAQ:FERG) last posted its quarterly earnings results on Tuesday, September 17th. The company reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.12. The business had revenue of $7.95 billion during the quarter, compared to analysts’ expectations of $8.01 billion. Ferguson had a net margin of 5.85% and a return on equity of 36.53%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the company posted $2.77 earnings per share. On average, analysts anticipate 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. Shareholders of record on Friday, September 27th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Friday, September 27th. Ferguson’s payout ratio is 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.