Ferguson plc $FERG Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Ferguson plc (NYSE:FERG - Free Report) by 15.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,222 shares of the company's stock after purchasing an additional 3,999 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Ferguson were worth $6,372,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Hemington Wealth Management increased its holdings in shares of Ferguson by 51.5% in the 2nd quarter. Hemington Wealth Management now owns 153 shares of the company's stock worth $33,000 after acquiring an additional 52 shares during the period. Natural Investments LLC increased its holdings in shares of Ferguson by 1.5% in the 2nd quarter. Natural Investments LLC now owns 5,445 shares of the company's stock worth $1,185,000 after acquiring an additional 80 shares during the period. Applied Capital LLC FL acquired a new stake in shares of Ferguson in the 2nd quarter worth about $1,749,000. Aberdeen Group plc increased its holdings in shares of Ferguson by 11.5% in the 2nd quarter. Aberdeen Group plc now owns 205,405 shares of the company's stock worth $44,695,000 after acquiring an additional 21,245 shares during the period. Finally, PDS Planning Inc acquired a new stake in shares of Ferguson in the 2nd quarter worth about $201,000. 81.98% of the stock is owned by institutional investors and hedge funds.

Ferguson Price Performance

Shares of FERG opened at $235.02 on Tuesday. Ferguson plc has a one year low of $146.00 and a one year high of $243.40. The stock has a 50-day moving average price of $229.30. The firm has a market capitalization of $46.10 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 1.90 and a beta of 1.17. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.94 and a current ratio of 1.68.

Ferguson (NYSE:FERG - Get Free Report) last announced its earnings results on Tuesday, September 16th. The company reported $3.48 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 during the quarter, compared to analysts' expectations of $8.44 billion.

Ferguson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, September 26th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, September 26th. Ferguson's dividend payout ratio (DPR) is presently 35.55%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group increased 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. Morgan Stanley reissued an "overweight" rating on shares of Ferguson in a research note on Wednesday, September 10th. Barclays raised their target price on shares of Ferguson from $247.00 to $273.00 and gave the company an "overweight" rating in a research note on Thursday, September 18th. Truist Financial raised their target price on shares of Ferguson from $240.00 to $260.00 and gave the company a "buy" rating in a research note on Wednesday, September 17th. Finally, Wall Street Zen cut shares of Ferguson from a "buy" rating to a "hold" rating in a research note on Sunday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $235.71.

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.

Want to see what other hedge funds are holding FERG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ferguson plc (NYSE:FERG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.