Boston Financial Mangement LLC increased its stake in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,420 shares of the company's stock after purchasing an additional 1,718 shares during the quarter. Ferguson accounts for 1.2% of Boston Financial Mangement LLC's holdings, making the stock its 21st largest holding. Boston Financial Mangement LLC owned about 0.11% of Ferguson worth $39,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of FERG. Handelsbanken Fonder AB raised its holdings in shares of Ferguson by 5.3% in the 4th quarter. Handelsbanken Fonder AB now owns 108,384 shares of the company's stock valued at $18,812,000 after purchasing an additional 5,436 shares in the last quarter. Ieq Capital LLC increased its holdings in Ferguson by 88.2% in the fourth quarter. Ieq Capital LLC now owns 6,591 shares of the company's stock valued at $1,144,000 after buying an additional 3,089 shares during the last quarter. Mcdonald Partners LLC acquired a new stake in Ferguson in the fourth quarter valued at $309,000. Venturi Wealth Management LLC lifted its holdings in Ferguson by 8.4% during the 4th quarter. Venturi Wealth Management LLC now owns 1,432 shares of the company's stock worth $249,000 after buying an additional 111 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Ferguson by 14.3% during the 4th quarter. CIBC Asset Management Inc now owns 8,274 shares of the company's stock worth $1,436,000 after buying an additional 1,032 shares during the last quarter. Hedge funds and other institutional investors own 81.98% of the company's stock.
Ferguson Stock Performance
FERG stock traded down $3.60 during trading on Friday, hitting $175.90. The company had a trading volume of 1,573,431 shares, compared to its average volume of 1,416,733. The firm has a 50-day moving average price of $178.64 and a 200-day moving average price of $194.10. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. The firm has a market cap of $35.17 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 1.71 and a beta of 1.24. Ferguson plc has a 1-year low of $167.27 and a 1-year high of $225.63.
Ferguson Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Friday, December 20th were issued a $0.83 dividend. The ex-dividend date was Friday, December 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.89%. This is a positive change from Ferguson's previous quarterly dividend of $0.79. Ferguson's payout ratio is presently 39.86%.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on FERG. Robert W. Baird dropped their price objective on Ferguson from $230.00 to $225.00 and set an "outperform" rating on the stock in a report on Wednesday, December 11th. Royal Bank of Canada reiterated an "outperform" rating and issued a $219.00 price target on shares of Ferguson in a research note on Wednesday, December 11th. Wells Fargo & Company reduced their price objective on shares of Ferguson from $215.00 to $205.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Citigroup dropped their target price on shares of Ferguson from $221.00 to $189.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Finally, Bank of America upgraded shares of Ferguson from an "underperform" rating to a "buy" rating and lifted their price target for the stock from $185.00 to $225.00 in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $217.73.
Check Out Our Latest Stock Report on Ferguson
About Ferguson
(
Free Report)
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.
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