Skandinaviska Enskilda Banken AB publ Has $8.96 Million Holdings in Ferguson plc $FERG

Skandinaviska Enskilda Banken AB publ decreased its position in Ferguson plc (NYSE:FERG) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,123 shares of the company’s stock after selling 723 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Ferguson were worth $8,955,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Ferguson by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 19,341,871 shares of the company’s stock valued at $4,211,692,000 after purchasing an additional 173,128 shares during the period. Bank of New York Mellon Corp increased its position in Ferguson by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,687,611 shares of the company’s stock worth $1,673,977,000 after buying an additional 27,312 shares during the period. Invesco Ltd. lifted its holdings in shares of Ferguson by 13.8% during the first quarter. Invesco Ltd. now owns 6,818,800 shares of the company’s stock worth $1,092,576,000 after buying an additional 827,355 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Ferguson by 65.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,454,467 shares of the company’s stock valued at $713,740,000 after acquiring an additional 1,755,464 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Ferguson by 39.3% in the second quarter. Franklin Resources Inc. now owns 4,255,661 shares of the company’s stock valued at $926,830,000 after acquiring an additional 1,201,493 shares during the period. Institutional investors own 81.98% of the company’s stock.

Ferguson Stock Down 0.3%

FERG stock opened at $251.67 on Friday. The firm has a 50-day moving average price of $240.15. The company has a market cap of $49.32 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 2.05 and a beta of 1.18. The company has a current ratio of 1.68, a quick ratio of 0.94 and a debt-to-equity ratio of 0.64. Ferguson plc has a 12 month low of $146.00 and a 12 month high of $256.93.

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

Ferguson Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently commented on FERG. Oppenheimer raised their price target on shares of Ferguson from $235.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. UBS Group increased their target price on shares of Ferguson from $204.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 17th. Truist Financial raised their target price on shares of Ferguson from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Morgan Stanley reiterated an “overweight” rating on shares of Ferguson in a research report on Wednesday, September 10th. Finally, Vertical Research initiated coverage on Ferguson in a research report on Monday, October 20th. They set a “buy” rating and a $291.99 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Ferguson presently has a consensus rating of “Moderate Buy” and an average price target of $243.75.

Insider Transactions at Ferguson

In related news, insider Ian T. Graham sold 606 shares of the company’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $239.33, for a total transaction of $145,033.98. Following the completion of the sale, the insider directly owned 7,714 shares in the company, valued at $1,846,191.62. This represents a 7.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Richard Winckler sold 1,034 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $232.70, for a total value of $240,611.80. Following the completion of the sale, the chief accounting officer directly owned 1,458 shares in the company, valued at $339,276.60. This trade represents a 41.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 29,264 shares of company stock worth $6,853,349. 0.18% of the stock is owned by insiders.

About Ferguson

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.