Ferguson plc (NASDAQ:FERG) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in Ferguson plc (NASDAQ:FERG - Free Report) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 361,458 shares of the company's stock after selling 5,875 shares during the period. California Public Employees Retirement System owned about 0.18% of Ferguson worth $62,738,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FERG. Townsquare Capital LLC increased its stake in shares of Ferguson by 6.6% during the 3rd quarter. Townsquare Capital LLC now owns 3,409 shares of the company's stock valued at $677,000 after acquiring an additional 210 shares during the last quarter. Bridgewater Associates LP purchased a new stake in Ferguson in the third quarter valued at approximately $204,000. True Wealth Design LLC increased its position in Ferguson by 1,350.0% during the third quarter. True Wealth Design LLC now owns 145 shares of the company's stock worth $29,000 after purchasing an additional 135 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Ferguson during the third quarter worth approximately $483,000. Finally, Ascent Group LLC boosted its holdings in shares of Ferguson by 9.4% in the 3rd quarter. Ascent Group LLC now owns 8,008 shares of the company's stock valued at $1,590,000 after purchasing an additional 687 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FERG has been the topic of several research reports. JPMorgan Chase & Co. cut their target price on Ferguson from $205.00 to $190.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 19th. Morgan Stanley began coverage on Ferguson in a report on Monday, February 3rd. They issued an "overweight" rating and a $204.00 price objective on the stock. Citigroup dropped their target price on shares of Ferguson from $189.00 to $168.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Wells Fargo & Company reduced their price target on shares of Ferguson from $205.00 to $180.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 12th. Finally, Berenberg Bank increased their price objective on shares of Ferguson from $224.00 to $240.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $198.62.

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Ferguson Stock Down 2.0 %

Shares of NASDAQ:FERG traded down $3.19 during trading on Friday, hitting $155.22. The company's stock had a trading volume of 4,323,025 shares, compared to its average volume of 1,532,635. The company has a market capitalization of $31.04 billion, a PE ratio of 18.63, a PEG ratio of 1.69 and a beta of 1.17. Ferguson plc has a fifty-two week low of $149.28 and a fifty-two week high of $225.63. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.68. The stock's 50-day moving average price is $171.69 and its two-hundred day moving average price is $186.33.

Ferguson (NASDAQ:FERG - Get Free Report) last announced its earnings results on Tuesday, March 11th. The company reported $1.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.58 by ($0.06). Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.76 billion. During the same period in the previous year, the company earned $1.74 earnings per share. The business's revenue for the quarter was up 3.0% on a year-over-year basis. As a group, sell-side analysts expect that Ferguson plc will post 9.4 EPS for the current year.

Ferguson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.14%. The ex-dividend date is Friday, March 21st. Ferguson's dividend payout ratio is currently 40.84%.

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.