2,213 Shares in Ferguson plc (NASDAQ:FERG) Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC purchased a new position in shares of Ferguson plc (NASDAQ:FERG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,213 shares of the company's stock, valued at approximately $385,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its stake in Ferguson by 3.5% during the third quarter. FMR LLC now owns 8,468,003 shares of the company's stock worth $1,668,462,000 after purchasing an additional 288,935 shares during the last quarter. State Street Corp lifted its position in shares of Ferguson by 3.7% during the 3rd quarter. State Street Corp now owns 4,541,079 shares of the company's stock worth $905,230,000 after buying an additional 161,662 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Ferguson by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,197,621 shares of the company's stock worth $633,409,000 after buying an additional 25,677 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Ferguson by 6.0% in the 3rd quarter. Franklin Resources Inc. now owns 2,371,954 shares of the company's stock valued at $477,858,000 after buying an additional 133,769 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Ferguson by 423.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,462,836 shares of the company's stock valued at $290,475,000 after buying an additional 1,183,143 shares during the last quarter. 81.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FERG has been the topic of several research reports. Bank of America raised Ferguson from an "underperform" rating to a "buy" rating and raised their price objective for the stock from $185.00 to $225.00 in a report on Wednesday, January 8th. Wells Fargo & Company dropped their price target on Ferguson from $220.00 to $215.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. Oppenheimer assumed coverage on Ferguson in a research report on Wednesday, October 23rd. They set an "outperform" rating and a $234.00 price target on the stock. Berenberg Bank increased their price objective on Ferguson from $224.00 to $240.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Finally, Citigroup cut their target price on shares of Ferguson from $221.00 to $189.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $220.10.

Ferguson Stock Performance

Shares of NASDAQ:FERG traded down $0.64 during midday trading on Friday, hitting $181.21. The stock had a trading volume of 2,156,633 shares, compared to its average volume of 1,388,750. Ferguson plc has a 1 year low of $167.27 and a 1 year high of $225.63. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The stock has a 50 day moving average price of $187.04 and a two-hundred day moving average price of $197.06. The company has a market capitalization of $36.23 billion, a PE ratio of 21.75, a P/E/G ratio of 1.69 and a beta of 1.24.

Ferguson Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Friday, December 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Friday, December 20th. This is a positive change from Ferguson's previous quarterly dividend of $0.79. Ferguson's payout ratio is currently 39.86%.

About Ferguson

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.