Ameriprise Financial Inc. trimmed its holdings in Ferguson plc (NASDAQ:FERG - Free Report) by 5.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 376,913 shares of the company's stock after selling 23,688 shares during the quarter. Ameriprise Financial Inc. owned about 0.19% of Ferguson worth $65,423,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC grew its holdings in Ferguson by 906.7% in the fourth quarter. Manchester Capital Management LLC now owns 151 shares of the company's stock valued at $26,000 after purchasing an additional 136 shares during the last quarter. LGT Financial Advisors LLC grew its holdings in Ferguson by 106.3% in the 4th quarter. LGT Financial Advisors LLC now owns 198 shares of the company's stock valued at $34,000 after buying an additional 102 shares during the period. Berbice Capital Management LLC purchased a new stake in Ferguson in the 4th quarter valued at about $35,000. Private Trust Co. NA grew its holdings in Ferguson by 92.5% in the 4th quarter. Private Trust Co. NA now owns 258 shares of the company's stock valued at $45,000 after buying an additional 124 shares during the period. Finally, R Squared Ltd purchased a new stake in Ferguson in the 4th quarter valued at about $45,000. 81.98% of the stock is owned by institutional investors and hedge funds.
Ferguson Stock Up 0.3%
Shares of FERG traded up $0.58 during mid-day trading on Tuesday, hitting $177.19. 1,018,159 shares of the company's stock were exchanged, compared to its average volume of 1,605,827. The company has a market cap of $35.43 billion, a PE ratio of 21.27, a P/E/G ratio of 1.69 and a beta of 1.14. Ferguson plc has a 52 week low of $146.00 and a 52 week high of $225.63. The company has a 50-day simple moving average of $163.91 and a 200 day simple moving average of $179.85. 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 (NASDAQ:FERG - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.06). The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.76 billion. Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.74 EPS. On average, research analysts forecast that Ferguson plc will post 9.4 earnings per share for the current fiscal year.
Ferguson Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Friday, March 21st were given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Friday, March 21st. Ferguson's dividend payout ratio is presently 40.84%.
Analyst Ratings Changes
Several research firms have commented on FERG. Royal Bank of Canada restated an "outperform" rating and issued a $189.00 price target on shares of Ferguson in a report on Tuesday, March 18th. Morgan Stanley started coverage on Ferguson in a research note on Monday, February 3rd. They issued an "overweight" rating and a $204.00 price objective on the stock. Deutsche Bank Aktiengesellschaft started coverage on Ferguson in a research note on Tuesday, April 1st. They issued a "hold" rating and a $174.00 price objective on the stock. Barclays reduced their price objective on Ferguson from $211.00 to $190.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. Finally, Citigroup reduced their price target on Ferguson from $189.00 to $168.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $199.38.
Check Out Our Latest Stock Analysis on FERG
Ferguson Profile
(
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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