Charles Schwab Investment Management Inc. raised its holdings in Ferguson plc (NASDAQ:FERG - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 778,737 shares of the company's stock after acquiring an additional 52,776 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.39% of Ferguson worth $135,247,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in FERG. Manchester Capital Management LLC increased its stake in Ferguson by 906.7% in the fourth quarter. Manchester Capital Management LLC now owns 151 shares of the company's stock valued at $26,000 after purchasing an additional 136 shares in the last quarter. True Wealth Design LLC lifted its position in shares of Ferguson by 1,350.0% in 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 in the last quarter. Berbice Capital Management LLC acquired a new position in shares of Ferguson during the 4th quarter worth about $35,000. Capital Performance Advisors LLP bought a new position in shares of Ferguson in the third quarter valued at $37,000. Finally, Peterson Financial Group Inc. acquired a new position in Ferguson during the third quarter worth approximately $39,000. 81.98% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on FERG. Robert W. Baird lowered their target price on Ferguson from $230.00 to $225.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 11th. Wells Fargo & Company dropped their price objective on shares of Ferguson from $215.00 to $205.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Morgan Stanley began coverage on shares of Ferguson in a research note on Monday, February 3rd. They issued an "overweight" rating and a $204.00 price objective on the stock. UBS Group restated a "neutral" rating and issued a $193.00 price target (down from $230.00) on shares of Ferguson in a report on Wednesday, January 8th. Finally, Zelman & Associates cut Ferguson from a "strong-buy" rating to a "hold" rating in a report on Friday, January 17th. Three 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 stock has a consensus rating of "Moderate Buy" and an average target price of $217.73.
Check Out Our Latest Report on FERG
Ferguson Trading Down 0.2 %
Shares of FERG stock traded down $0.27 on Monday, hitting $167.92. 354,183 shares of the company's stock traded hands, compared to its average volume of 1,715,721. The stock has a market capitalization of $33.58 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 1.69 and a beta of 1.28. The company's fifty day simple moving average is $177.38 and its 200 day simple moving average is $191.81. Ferguson plc has a one year low of $163.01 and a one year 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.
Ferguson Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Friday, December 20th were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 1.98%. This is an increase from Ferguson's previous quarterly dividend of $0.79. The ex-dividend date of this dividend was Friday, December 20th. Ferguson's dividend payout ratio is 39.86%.
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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