B. Metzler seel. Sohn & Co. AG lessened its stake in Ferguson plc (NASDAQ:FERG - Free Report) by 21.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,019 shares of the company's stock after selling 7,184 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Ferguson were worth $4,690,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Manchester Capital Management LLC lifted its position in shares of 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 acquiring an additional 136 shares in the last quarter. True Wealth Design LLC raised its stake in Ferguson by 1,350.0% in the 3rd quarter. True Wealth Design LLC now owns 145 shares of the company's stock valued at $29,000 after purchasing an additional 135 shares during the last quarter. Berbice Capital Management LLC purchased a new position in Ferguson in the 4th quarter valued at $35,000. R Squared Ltd acquired a new stake in Ferguson during the 4th quarter worth $45,000. Finally, Private Trust Co. NA raised its position in shares of Ferguson by 92.5% in the fourth quarter. Private Trust Co. NA now owns 258 shares of the company's stock valued at $45,000 after buying an additional 124 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on FERG. Oppenheimer lowered their price target on shares of Ferguson from $234.00 to $189.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 12th. UBS Group restated a "neutral" rating and set a $193.00 target price (down from $230.00) on shares of Ferguson in a report on Wednesday, January 8th. Robert W. Baird set a $190.00 price target on Ferguson and gave the company an "outperform" rating in a report on Wednesday, March 12th. Wolfe Research assumed coverage on Ferguson in a research report on Monday, March 17th. They set a "peer perform" rating on the stock. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $189.00 target price on shares of Ferguson in a report on Tuesday, March 18th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Ferguson currently has an average rating of "Moderate Buy" and a consensus target price of $198.62.
Get Our Latest Stock Report on FERG
Ferguson Stock Down 2.0 %
Shares of FERG stock traded down $3.19 during trading on Friday, reaching $155.22. The company's stock had a trading volume of 4,323,025 shares, compared to its average volume of 1,532,635. Ferguson plc has a 1-year low of $149.28 and a 1-year high of $225.63. The stock's 50-day moving average price is $171.69 and its 200 day moving average price is $186.47. The company has a market capitalization of $31.04 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 1.69 and a beta of 1.17. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91.
Ferguson (NASDAQ:FERG - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $1.52 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.06). The business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.76 billion. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. The business's revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.74 EPS. On average, research analysts anticipate that Ferguson plc will post 9.4 EPS for the current year.
Ferguson Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Friday, March 21st will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Friday, March 21st. Ferguson's dividend payout ratio is currently 40.84%.
Ferguson Company Profile
(
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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