111 Capital Purchases New Position in Ferguson plc $FERG

Key Points

• 111 Capital has acquired a new position in Ferguson plc, purchasing 10,931 shares valued at approximately $2.38 million in the second quarter.
• Ferguson stock has received multiple analyst upgrades, with price targets ranging from $240.00 to $273.00, and a consensus rating of “Moderate Buy”.
• The company recently declared a $0.83 quarterly dividend, representing an annualized yield of 1.4%, with the payment date set for November 7th.

111 Capital purchased a new stake in Ferguson plc (NASDAQ:FERG - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,931 shares of the company's stock, valued at approximately $2,380,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Untitled Investments LP purchased a new position in shares of Ferguson in the 1st quarter valued at about $5,953,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Ferguson by 11.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,932,959 shares of the company's stock worth $309,718,000 after buying an additional 205,531 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Ferguson by 14.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,782 shares of the company's stock worth $928,000 after buying an additional 722 shares in the last quarter. Fiera Capital Corp increased its stake in Ferguson by 37.5% during the 1st quarter. Fiera Capital Corp now owns 13,042 shares of the company's stock worth $2,090,000 after buying an additional 3,559 shares in the last quarter. Finally, Empower Advisory Group LLC purchased a new stake in Ferguson during the 1st quarter worth approximately $843,000. Hedge funds and other institutional investors own 81.98% of the company's stock.

Analyst Upgrades and Downgrades

FERG has been the subject of several research reports. Truist Financial boosted their price objective on Ferguson from $240.00 to $260.00 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. Morgan Stanley restated an "overweight" rating on shares of Ferguson in a research report on Wednesday, September 10th. Barclays upped their price target on Ferguson from $247.00 to $273.00 and gave the company an "overweight" rating in a research report on Thursday, September 18th. Royal Bank Of Canada upped their price target on Ferguson from $231.00 to $243.00 and gave the company an "outperform" rating in a research report on Wednesday, September 17th. Finally, Oppenheimer upped their price target on Ferguson from $235.00 to $255.00 and gave the company an "outperform" rating in a research report on Wednesday, September 17th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $235.71.

Ferguson Trading Up 0.1%

Shares of Ferguson stock opened at $231.93 on Friday. The firm has a market capitalization of $45.49 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 1.69 and a beta of 1.15. Ferguson plc has a fifty-two week low of $146.00 and a fifty-two week high of $243.40. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.68. The stock has a 50 day moving average of $228.25 and a 200 day moving average of $202.64.

Ferguson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, September 26th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, September 26th. Ferguson's dividend payout ratio is presently 35.55%.

About Ferguson

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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