Accurate Wealth Management LLC Takes Position in Ferguson plc $FERG

Accurate Wealth Management LLC purchased a new position in shares of Ferguson plc (NASDAQ:FERG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,159 shares of the company's stock, valued at approximately $260,000.

Several other large investors also recently modified their holdings of the stock. US Bancorp DE raised its stake in Ferguson by 0.8% during the first quarter. US Bancorp DE now owns 7,394 shares of the company's stock worth $1,185,000 after acquiring an additional 59 shares in the last quarter. Compound Planning Inc. increased its position in shares of Ferguson by 4.6% during the 1st quarter. Compound Planning Inc. now owns 1,386 shares of the company's stock worth $222,000 after purchasing an additional 61 shares in the last quarter. Mission Wealth Management LP increased its position in shares of Ferguson by 2.2% during the 1st quarter. Mission Wealth Management LP now owns 3,050 shares of the company's stock worth $489,000 after purchasing an additional 67 shares in the last quarter. James Hambro & Partners LLP lifted its holdings in Ferguson by 1.1% during the 1st quarter. James Hambro & Partners LLP now owns 6,311 shares of the company's stock valued at $1,011,000 after purchasing an additional 70 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its position in Ferguson by 56.5% in the first quarter. TD Private Client Wealth LLC now owns 205 shares of the company's stock valued at $33,000 after buying an additional 74 shares in the last quarter. 81.98% of the stock is currently owned by institutional investors.

Ferguson Trading Down 0.5%

FERG stock opened at $225.41 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. Ferguson plc has a twelve month low of $146.00 and a twelve month high of $243.40. The company has a market cap of $44.45 billion, a P/E ratio of 27.06, a PEG ratio of 1.69 and a beta of 1.15. The business has a fifty day moving average of $227.78 and a 200-day moving average of $199.81.

Ferguson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, September 26th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, September 26th. Ferguson's dividend payout ratio (DPR) is 35.55%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FERG shares. UBS Group raised their price objective on shares of Ferguson from $204.00 to $225.00 and gave the stock a "neutral" rating in a report on Wednesday, September 17th. Berenberg Bank reaffirmed a "hold" rating and set a $215.00 price target on shares of Ferguson in a report on Thursday, June 5th. Robert W. Baird boosted their price objective on Ferguson from $260.00 to $262.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 17th. Barclays increased their target price on Ferguson from $247.00 to $273.00 and gave the stock an "overweight" rating in a report on Thursday, September 18th. Finally, JPMorgan Chase & Co. lifted their price target on Ferguson from $220.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, September 4th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Ferguson presently has an average rating of "Moderate Buy" and a consensus price target of $235.71.

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.

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