Commerzbank Aktiengesellschaft FI Has $1.19 Million Holdings in Ferguson plc $FERG

Key Points

• Commerzbank Aktiengesellschaft FI has reduced its stake in Ferguson plc by 37.1%, now holding 5,440 shares valued at approximately $1.19 million as of the most recent quarter.
• Several institutional investors are increasing their positions in Ferguson, including Fifth Third Bancorp, which raised its holdings by 230.8%.
• Ferguson recently declared a quarterly dividend of $0.83 per share, representing an annualized yield of 1.4%, with the payment date set for November 7th.

Commerzbank Aktiengesellschaft FI lessened its holdings in Ferguson plc (NYSE:FERG - Free Report) by 37.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,440 shares of the company's stock after selling 3,214 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Ferguson were worth $1,185,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp raised its holdings in shares of Ferguson by 230.8% in the 2nd quarter. Fifth Third Bancorp now owns 172 shares of the company's stock worth $37,000 after acquiring an additional 120 shares during the last quarter. Maseco LLP bought a new stake in Ferguson in the 2nd quarter worth about $40,000. Grove Bank & Trust grew its position in Ferguson by 247.4% in the 1st quarter. Grove Bank & Trust now owns 198 shares of the company's stock worth $32,000 after purchasing an additional 141 shares in the last quarter. TD Private Client Wealth LLC grew its position in Ferguson by 56.5% in the 1st quarter. TD Private Client Wealth LLC now owns 205 shares of the company's stock worth $33,000 after purchasing an additional 74 shares in the last quarter. Finally, Brooklyn Investment Group grew its position in Ferguson by 103.6% in the 1st quarter. Brooklyn Investment Group now owns 226 shares of the company's stock worth $36,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds own 81.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FERG. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Ferguson in a research report on Wednesday. Robert W. Baird upped their price objective on shares of Ferguson from $260.00 to $262.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. Wall Street Zen raised shares of Ferguson from a "hold" rating to a "buy" rating in a research report on Saturday, October 4th. UBS Group upped their price objective on shares of Ferguson from $204.00 to $225.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 17th. Finally, The Goldman Sachs Group assumed coverage on shares of Ferguson in a research report on Wednesday, June 18th. They set a "buy" rating and a $280.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, Ferguson has a consensus rating of "Moderate Buy" and an average price target of $235.71.

Ferguson Stock Down 1.4%

Ferguson stock opened at $231.45 on Friday. Ferguson plc has a twelve month low of $146.00 and a twelve month high of $243.40. The company's 50 day moving average is $229.11. The company has a market cap of $45.40 billion, a P/E ratio of 24.78, a P/E/G ratio of 1.93 and a beta of 1.17. The company has a quick ratio of 0.94, a current ratio of 1.68 and a debt-to-equity ratio of 0.64.

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

Ferguson Announces Dividend

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

Ferguson Company 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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