Tokio Marine Asset Management Co. Ltd. Has $7.13 Million Position in Ferguson plc (NASDAQ:FERG)

Tokio Marine Asset Management Co. Ltd. increased its position in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 614.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,074 shares of the company's stock after acquiring an additional 35,327 shares during the period. Tokio Marine Asset Management Co. Ltd.'s holdings in Ferguson were worth $7,129,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of FERG. Asset Dedication LLC acquired a new stake in shares of Ferguson during the 3rd quarter valued at about $27,000. True Wealth Design LLC lifted its stake in shares of 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. Capital Performance Advisors LLP bought a new stake in Ferguson in the third quarter worth $37,000. Peterson Financial Group Inc. acquired a new position in Ferguson during the third quarter worth $39,000. Finally, Ashton Thomas Securities LLC bought a new position in Ferguson during the third quarter valued at about $40,000. Institutional investors and hedge funds own 81.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FERG. Wells Fargo & Company lowered their price objective on Ferguson from $220.00 to $215.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. Bank of America raised shares of Ferguson from an "underperform" rating to a "buy" rating and lifted their price target for the company from $185.00 to $225.00 in a research report on Wednesday, January 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $219.00 target price on shares of Ferguson in a research note on Wednesday, December 11th. Berenberg Bank lifted their target price on shares of Ferguson from $224.00 to $240.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Finally, Robert W. Baird decreased 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. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $220.10.

Ferguson Stock Performance

FERG stock traded down $0.64 during trading on Friday, reaching $181.21. 2,156,633 shares of the stock were exchanged, compared to its average volume of 1,388,750. Ferguson plc has a twelve month low of $167.27 and a twelve month 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 company has a market capitalization of $36.23 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 1.69 and a beta of 1.24. The stock has a 50 day simple moving average of $187.04 and a 200-day simple moving average of $197.16.

Ferguson Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Friday, December 20th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, December 20th. This is a boost from Ferguson's previous quarterly dividend of $0.79. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.83%. Ferguson's payout ratio is currently 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.