Van ECK Associates Corp cut its holdings in Ferguson plc (NASDAQ:FERG - Free Report) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,521 shares of the company's stock after selling 4,318 shares during the period. Van ECK Associates Corp's holdings in Ferguson were worth $7,034,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in FERG. AMF Tjanstepension AB purchased a new stake in shares of Ferguson in the 3rd quarter worth $2,523,000. Creative Planning increased its position in Ferguson by 55.0% in the third quarter. Creative Planning now owns 7,404 shares of the company's stock worth $1,470,000 after buying an additional 2,628 shares in the last quarter. Global Retirement Partners LLC increased its position in Ferguson by 3.9% in the third quarter. Global Retirement Partners LLC now owns 3,357 shares of the company's stock worth $667,000 after buying an additional 125 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Ferguson by 10.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,729 shares of the company's stock worth $3,719,000 after buying an additional 1,832 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Ferguson by 21.3% during the 3rd quarter. Blue Trust Inc. now owns 2,298 shares of the company's stock valued at $445,000 after buying an additional 403 shares in the last quarter. 81.98% of the stock is currently owned by institutional investors.
Ferguson Trading Down 2.0 %
Shares of NASDAQ:FERG traded down $3.60 during trading on Friday, reaching $175.90. 1,573,431 shares of the company were exchanged, compared to its average volume of 1,416,733. The business's fifty day simple moving average is $178.64 and its 200-day simple moving average is $194.10. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. Ferguson plc has a 12-month low of $167.27 and a 12-month high of $225.63. The firm has a market capitalization of $35.17 billion, a PE ratio of 21.12, a P/E/G ratio of 1.71 and a beta of 1.24.
Ferguson Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Friday, December 20th were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Friday, December 20th. This is a positive change from Ferguson's previous quarterly dividend of $0.79. This represents a $3.32 dividend on an annualized basis and a yield of 1.89%. Ferguson's payout ratio is 39.86%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on FERG. Royal Bank of Canada reissued an "outperform" rating and issued a $219.00 target price on shares of Ferguson in a report on Wednesday, December 11th. Bank of America raised shares of Ferguson from an "underperform" rating to a "buy" rating and increased their price objective for the stock from $185.00 to $225.00 in a research note on Wednesday, January 8th. Barclays lowered their target price on shares of Ferguson from $234.00 to $211.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. Berenberg Bank increased their price target on Ferguson from $224.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Finally, Citigroup decreased their price target on 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 nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $217.73.
Check Out Our Latest Stock Report on FERG
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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