Timber Creek Capital Management LLC Sells 11,690 Shares of Ferguson plc (NASDAQ:FERG)

Timber Creek Capital Management LLC trimmed its position in Ferguson plc (NASDAQ:FERG - Free Report) by 82.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,513 shares of the company's stock after selling 11,690 shares during the quarter. Timber Creek Capital Management LLC's holdings in Ferguson were worth $436,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in FERG. Principal Financial Group Inc. boosted its position in shares of Ferguson by 32.5% in the 3rd quarter. Principal Financial Group Inc. now owns 32,025 shares of the company's stock worth $6,359,000 after purchasing an additional 7,862 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Ferguson in the third quarter valued at approximately $970,000. Clean Yield Group raised its holdings in shares of Ferguson by 27.1% in the fourth quarter. Clean Yield Group now owns 25,959 shares of the company's stock valued at $4,506,000 after buying an additional 5,534 shares during the last quarter. 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 in the last quarter. Finally, Eagle Asset Management Inc. grew its position in shares of Ferguson by 79.6% in the third quarter. Eagle Asset Management Inc. now owns 646,954 shares of the company's stock valued at $134,217,000 after purchasing an additional 286,691 shares during the period. 81.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on FERG. Wells Fargo & Company lowered their price target 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. Citigroup reduced their price objective on Ferguson from $221.00 to $189.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Zelman & Associates lowered shares of Ferguson from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 17th. 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. Finally, Morgan Stanley initiated coverage on Ferguson in a research report on Monday, February 3rd. They issued an "overweight" rating and a $204.00 price objective for the company. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Ferguson currently has an average rating of "Moderate Buy" and an average target price of $217.73.

Ferguson Trading Down 2.0 %

FERG traded down $3.60 during mid-day trading on Friday, reaching $175.90. The stock had a trading volume of 1,573,431 shares, compared to its average volume of 1,416,733. 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 plc has a 52 week low of $167.27 and a 52 week high of $225.63. The stock has a market capitalization of $35.17 billion, a P/E ratio of 21.12, a P/E/G ratio of 1.71 and a beta of 1.24. The firm's fifty day simple moving average is $178.87 and its two-hundred day simple moving average is $194.24.

Ferguson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Friday, December 20th were paid a $0.83 dividend. The ex-dividend date was Friday, December 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.89%. This is an increase from Ferguson's previous quarterly dividend of $0.79. Ferguson's dividend payout ratio is 39.86%.

Ferguson Company 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.