Ferguson plc (NASDAQ:FERG) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co cut its stake in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 22.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,906 shares of the company's stock after selling 3,919 shares during the period. Elo Mutual Pension Insurance Co's holdings in Ferguson were worth $2,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Manchester Capital Management LLC boosted its stake in shares of Ferguson by 906.7% during the 4th quarter. Manchester Capital Management LLC now owns 151 shares of the company's stock worth $26,000 after purchasing an additional 136 shares during the period. True Wealth Design LLC boosted its position in shares of Ferguson by 1,350.0% during the third quarter. True Wealth Design LLC now owns 145 shares of the company's stock valued at $29,000 after buying an additional 135 shares during the period. Berbice Capital Management LLC bought a new position in shares of Ferguson during the fourth quarter valued at approximately $35,000. Brooklyn Investment Group purchased a new stake in shares of Ferguson in the third quarter worth approximately $45,000. Finally, R Squared Ltd bought a new stake in shares of Ferguson during the 4th quarter worth approximately $45,000. 81.98% of the stock is owned by institutional investors.

Ferguson Stock Down 4.9 %

FERG traded down $8.07 on Thursday, hitting $156.74. The company had a trading volume of 912,895 shares, compared to its average volume of 1,511,471. The stock has a market capitalization of $31.34 billion, a price-to-earnings ratio of 18.82, a P/E/G ratio of 1.69 and a beta of 1.28. 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 has a fifty day moving average price of $172.66 and a 200-day moving average price of $187.10. Ferguson plc has a 12-month low of $152.52 and a 12-month high of $225.63.

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Ferguson (NASDAQ:FERG - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $6.87 billion during the quarter, compared to analysts' expectations of $6.76 billion. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. The firm's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.74 EPS. Analysts predict that Ferguson plc will post 9.4 EPS for the current fiscal year.

Ferguson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Friday, March 21st will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Friday, March 21st. Ferguson's payout ratio is presently 40.84%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FERG shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $189.00 price objective on shares of Ferguson in a research report on Tuesday, March 18th. Oppenheimer lowered their price objective on shares of Ferguson from $234.00 to $189.00 and set an "outperform" rating for the company in a research report on Wednesday, March 12th. UBS Group reaffirmed a "neutral" rating and set a $193.00 target price (down from $230.00) on shares of Ferguson in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Ferguson in a report on Tuesday. They issued a "hold" rating and a $174.00 price target for the company. Finally, Wolfe Research initiated coverage on Ferguson in a report on Monday, March 17th. They set a "peer perform" rating on the stock. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $198.62.

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.