Aberdeen Group plc Has $44.70 Million Holdings in Ferguson plc $FERG

Key Points

• Aberdeen Group plc increased its holdings in Ferguson plc by 11.5%, owning a total of 205,405 shares valued at $44.70 million as of the latest SEC filing.
• Ferguson reported quarterly earnings of $3.48 per share, exceeding estimates, with revenues of $8.50 billion.
• The company announced a quarterly dividend of $0.83 per share, representing a 1.4% dividend yield, to be paid on November 7th.

Aberdeen Group plc lifted its holdings in Ferguson plc (NYSE:FERG - Free Report) by 11.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 205,405 shares of the company's stock after purchasing an additional 21,245 shares during the period. Aberdeen Group plc owned 0.10% of Ferguson worth $44,695,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Ferguson by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 19,168,743 shares of the company's stock valued at $3,071,408,000 after purchasing an additional 806,718 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Ferguson by 24.5% in the 1st quarter. Bank of New York Mellon Corp now owns 7,660,299 shares of the company's stock valued at $1,227,410,000 after purchasing an additional 1,506,024 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Ferguson by 13.8% in the 1st quarter. Invesco Ltd. now owns 6,818,800 shares of the company's stock valued at $1,092,576,000 after purchasing an additional 827,355 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Ferguson by 65.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,454,467 shares of the company's stock worth $713,740,000 after acquiring an additional 1,755,464 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its holdings in Ferguson by 101.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,165,873 shares of the company's stock worth $667,498,000 after acquiring an additional 2,094,029 shares during the period. Institutional investors and hedge funds own 81.98% of the company's stock.

Ferguson Stock Performance

NYSE:FERG opened at $231.45 on Monday. The stock's 50-day moving average is $229.11. Ferguson plc has a 52-week low of $146.00 and a 52-week high of $243.40. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.94 and a current ratio of 1.68. The company has a market cap of $45.40 billion, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 1.90 and a beta of 1.17.

Ferguson (NYSE:FERG - Get Free Report) last posted its quarterly earnings data on Tuesday, September 16th. The company reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.48. Ferguson had a net margin of 6.03% and a return on equity of 35.21%. The company had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.44 billion.

Ferguson Dividend Announcement

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

Analyst Ratings Changes

FERG has been the topic of several recent analyst reports. Zacks Research upgraded shares of Ferguson to a "hold" rating in a report on Friday, August 8th. Oppenheimer lifted their target price on shares of Ferguson from $235.00 to $255.00 and gave the stock an "outperform" rating in a report on Wednesday, September 17th. Truist Financial lifted their target price on shares of Ferguson from $240.00 to $260.00 and gave the stock a "buy" rating in a report on Wednesday, September 17th. The Goldman Sachs Group initiated coverage on shares of Ferguson in a report on Wednesday, June 18th. They issued a "buy" rating and a $280.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of Ferguson from $220.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $235.71.

Ferguson Profile

Ferguson Enterprises Inc distributes plumbing and heating products in North America. The company provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, and fabrication, as well as heating, ventilation, and air conditioning (HVAC) to residential and non-residential customers.

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