FERG Ferguson Plc

Voya Investment Management LLC significantly reduced its stake in Ferguson plc (NYSE:FERG) by 34.5% in Q3, selling 8,974 shares and retaining 17,038 shares worth $3.83 million. Despite insider selling totaling approximately $6.85 million, Ferguson delivered robust Q3 earnings, surpassing expectations with an EPS of $2.84 and revenue of $8.17 billion, while also increasing its quarterly dividend. Analysts maintain a "Moderate Buy" consensus rating with an average price target of $250.47 for the company.

DAVENPORT & Co LLC significantly reduced its stake in Ferguson plc by 28.9%, selling 16,808 shares to hold 41,364 shares valued at $9.29 million. Despite this reduction, institutional ownership in Ferguson remains high, with notable new and expanded positions from Norges Bank and Franklin Resources. Ferguson recently exceeded quarterly earnings expectations, reporting an EPS of $2.84 against an expected $2.77, and increased its quarterly dividend to $0.89.

This article provides a detailed analysis of Ferguson Plc (FERG) using AI models to identify trading risk zones and strategies. It highlights a positive near-term sentiment within a long-term strength context, despite a weak mid-term bias. The analysis outlines specific long, breakout, and short strategies with entry zones, targets, and stop losses, emphasizing a strong risk-reward setup.

Vontobel Holding Ltd. significantly decreased its stake in Ferguson plc (NYSE:FERG) by 7.8% in Q3, holding 2,335,549 shares valued at $524.5 million, making it their 15th-largest holding. Despite this institutional reduction, Ferguson reported strong financials, beating EPS estimates and increasing its quarterly dividend. Insider selling also occurred, while other hedge funds adjusted their positions, and analysts generally maintain a "Moderate Buy" rating for FERG with an average price target of $250.47.

Perpetual Ltd significantly increased its stake in Ferguson plc by 52.5% to 589,953 shares, totaling $132.49 million, making it their 18th largest holding. Ferguson reported strong quarterly earnings, beating EPS estimates and showing a 5.1% revenue increase, leading to a raised quarterly dividend. Institutional interest in Ferguson remains high, with several major firms increasing their positions, and analysts generally maintain a "Moderate Buy" rating with a consensus price target of $250.47.

Wells Fargo analyst Sam Reid maintained a Buy rating on Ferguson PLC (FERG) with a $280.00 price target. This comes as Ferguson PLC reported strong quarterly revenues of $8.17 billion and a net profit of $570 million, an increase from the previous year. Despite positive analyst ratings from Wells Fargo and Oppenheimer, corporate insider sentiment on the stock is negative due to increased insider selling.