Swedbank AB lowered its holdings in Ferguson plc (NASDAQ:FERG - Free Report) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,250 shares of the company's stock after selling 6,515 shares during the quarter. Swedbank AB owned 0.06% of Ferguson worth $19,830,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. CWM LLC boosted its stake in shares of Ferguson by 303.7% in the 3rd quarter. CWM LLC now owns 4,550 shares of the company's stock valued at $904,000 after buying an additional 3,423 shares during the period. Principal Financial Group Inc. boosted its stake in Ferguson by 32.5% in the third quarter. Principal Financial Group Inc. now owns 32,025 shares of the company's stock valued at $6,359,000 after acquiring an additional 7,862 shares in the last quarter. Neo Ivy Capital Management purchased a new position in shares of Ferguson during the third quarter worth about $970,000. Clean Yield Group increased its position in shares of Ferguson by 27.1% during the fourth quarter. Clean Yield Group now owns 25,959 shares of the company's stock worth $4,506,000 after purchasing an additional 5,534 shares in the last quarter. Finally, Entropy Technologies LP boosted its holdings in shares of Ferguson by 66.2% in the third quarter. Entropy Technologies LP now owns 51,647 shares of the company's stock valued at $10,256,000 after acquiring an additional 20,580 shares during the period. Institutional investors and hedge funds own 81.98% of the company's stock.
Wall Street Analyst Weigh In
FERG has been the topic of several recent research reports. UBS Group restated a "neutral" rating and issued a $193.00 price target (down previously from $230.00) on shares of Ferguson in a research report on Wednesday, January 8th. Citigroup reduced their price target on Ferguson from $221.00 to $189.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Robert W. Baird cut their price target on shares of Ferguson from $230.00 to $225.00 and set an "outperform" rating for the company in a report on Wednesday, December 11th. Zelman & Associates lowered shares of Ferguson from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 17th. Finally, Bank of America upgraded shares of Ferguson from an "underperform" rating to a "buy" rating and lifted their target price for the stock from $185.00 to $225.00 in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $220.10.
View Our Latest Research Report on FERG
Ferguson Trading Down 0.4 %
Shares of NASDAQ:FERG traded down $0.64 during midday trading on Friday, reaching $181.21. The company's stock had a trading volume of 2,156,633 shares, compared to its average volume of 1,388,750. The business has a 50 day moving average price of $187.04 and a 200 day moving average price of $197.16. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. Ferguson plc has a 1 year low of $167.27 and a 1 year high of $225.63. The firm has a market cap of $36.23 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 1.69 and a beta of 1.24.
Ferguson Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Friday, December 20th will be given a $0.83 dividend. The ex-dividend date is Friday, December 20th. This is a boost from Ferguson's previous quarterly dividend of $0.79. This represents a $3.32 annualized dividend and a dividend yield of 1.83%. Ferguson's dividend payout ratio (DPR) is currently 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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