10,305 Shares in Ferguson plc (NASDAQ:FERG) Acquired by Carnegie Lake Advisors LLC

Carnegie Lake Advisors LLC acquired a new stake in shares of Ferguson plc (NASDAQ:FERG - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,305 shares of the company's stock, valued at approximately $1,651,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Grove Bank & Trust raised its position in shares of Ferguson by 247.4% during the 1st quarter. Grove Bank & Trust now owns 198 shares of the company's stock worth $32,000 after purchasing an additional 141 shares during the last quarter. Whipplewood Advisors LLC raised its stake in Ferguson by 166.7% in the 1st quarter. Whipplewood Advisors LLC now owns 208 shares of the company's stock valued at $33,000 after purchasing an additional 130 shares during the last quarter. TD Private Client Wealth LLC raised its stake in Ferguson by 56.5% in the 1st quarter. TD Private Client Wealth LLC now owns 205 shares of the company's stock valued at $33,000 after purchasing an additional 74 shares during the last quarter. LGT Financial Advisors LLC raised its position in shares of Ferguson by 106.3% in the fourth 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 last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Ferguson in the first quarter valued at about $46,000. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on FERG shares. The Goldman Sachs Group assumed coverage on Ferguson in a report on Wednesday, June 18th. They issued a "buy" rating and a $280.00 price target for the company. Morgan Stanley restated an "overweight" rating and set a $220.00 price objective (up from $195.00) on shares of Ferguson in a research report on Monday, June 9th. Royal Bank Of Canada raised their price objective on shares of Ferguson from $189.00 to $231.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Oppenheimer raised their price target on shares of Ferguson from $189.00 to $235.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, UBS Group raised their price target on shares of Ferguson from $173.00 to $204.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $220.64.

Ferguson Stock Performance

Shares of FERG stock traded up $3.73 during mid-day trading on Friday, hitting $222.57. The stock had a trading volume of 1,536,987 shares, compared to its average volume of 1,682,698. Ferguson plc has a fifty-two week low of $146.00 and a fifty-two week high of $226.63. The firm has a market cap of $43.89 billion, a PE ratio of 26.72, a PEG ratio of 1.69 and a beta of 1.17. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. The company's 50-day simple moving average is $205.75 and its 200-day simple moving average is $182.78.

Ferguson (NASDAQ:FERG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $2.50 EPS for the quarter, beating analysts' consensus estimates of $2.06 by $0.44. Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The business's revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.32 earnings per share. Sell-side analysts anticipate that Ferguson plc will post 9.4 earnings per share for the current year.

Ferguson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Friday, June 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Friday, June 20th. Ferguson's dividend payout ratio (DPR) is currently 41.40%.

Ferguson 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.