EverSource Wealth Advisors LLC Has $238,000 Stock Holdings in Ferguson plc (NASDAQ:FERG)

EverSource Wealth Advisors LLC lessened its position in Ferguson plc (NASDAQ:FERG) by 17.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,234 shares of the company’s stock after selling 268 shares during the period. EverSource Wealth Advisors LLC’s holdings in Ferguson were worth $238,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Cambridge Investment Research Advisors Inc. increased its holdings in Ferguson by 10.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 1,645 shares of the company’s stock worth $271,000 after buying an additional 149 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in shares of Ferguson in the 3rd quarter valued at $263,000. Principal Financial Group Inc. increased its stake in shares of Ferguson by 83.1% in the third quarter. Principal Financial Group Inc. now owns 39,178 shares of the company’s stock valued at $6,444,000 after buying an additional 17,777 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Ferguson by 3.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 51,380 shares of the company’s stock valued at $8,450,000 after purchasing an additional 1,942 shares during the period. Finally, Corient Private Wealth LLC increased its position in Ferguson by 105.5% during the 3rd quarter. Corient Private Wealth LLC now owns 137,216 shares of the company’s stock valued at $22,568,000 after purchasing an additional 70,430 shares during the period. 81.98% of the stock is owned by institutional investors.

Ferguson Trading Up 0.4 %

Shares of FERG stock traded up $0.85 during mid-day trading on Friday, hitting $208.28. The company’s stock had a trading volume of 633,668 shares, compared to its average volume of 852,216. Ferguson plc has a 52 week low of $143.39 and a 52 week high of $224.86. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 1.80. The company’s fifty day simple moving average is $215.73 and its 200-day simple moving average is $197.31. The company has a market cap of $42.24 billion, a PE ratio of 24.22, a P/E/G ratio of 8.70 and a beta of 1.27.

Ferguson (NASDAQ:FERG) last released its quarterly earnings data on Tuesday, March 5th. The company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.08). The business had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.72 billion. Ferguson had a net margin of 6.00% and a return on equity of 37.99%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the business posted $1.91 earnings per share. As a group, equities research analysts expect that Ferguson plc will post 9.62 earnings per share for the current fiscal year.

Ferguson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Friday, March 15th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.52%. Ferguson’s dividend payout ratio (DPR) is currently 36.74%.

About Ferguson

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.