Asset Advisors Investment Management LLC boosted its stake in Ferguson plc (NASDAQ:FERG - Free Report) by 44.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,552 shares of the company's stock after acquiring an additional 1,092 shares during the period. Asset Advisors Investment Management LLC's holdings in Ferguson were worth $773,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of FERG. Merit Financial Group LLC raised its holdings in shares of Ferguson by 160.2% during the first quarter. Merit Financial Group LLC now owns 4,244 shares of the company's stock worth $680,000 after purchasing an additional 2,613 shares during the period. Whipplewood Advisors LLC grew its position in shares of Ferguson by 166.7% during the first quarter. Whipplewood Advisors LLC now owns 208 shares of the company's stock worth $33,000 after acquiring an additional 130 shares during the last quarter. Gateway Investment Advisers LLC grew its position in shares of Ferguson by 1.5% during the first quarter. Gateway Investment Advisers LLC now owns 10,887 shares of the company's stock worth $1,744,000 after acquiring an additional 156 shares during the last quarter. Clean Yield Group grew its position in shares of Ferguson by 7.7% during the first quarter. Clean Yield Group now owns 27,965 shares of the company's stock worth $4,481,000 after acquiring an additional 2,006 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Ferguson by 41.5% during the first quarter. Farther Finance Advisors LLC now owns 467 shares of the company's stock worth $75,000 after acquiring an additional 137 shares during the last quarter. 81.98% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
FERG has been the subject of several recent research reports. Morgan Stanley restated an "overweight" rating on shares of Ferguson in a research report on Wednesday, September 10th. Barclays upped their price target on shares of Ferguson from $247.00 to $273.00 and gave the stock an "overweight" rating in a research report on Thursday, September 18th. Truist Financial increased their target price on shares of Ferguson from $240.00 to $260.00 and gave the company a "buy" rating in a research report on Wednesday, September 17th. Robert W. Baird upped their price target on shares of Ferguson from $260.00 to $262.00 and gave the company an "outperform" rating in a report on Wednesday, September 17th. Finally, UBS Group upped their price objective on shares of Ferguson from $204.00 to $225.00 and gave the company a "neutral" rating in a research note on Wednesday, September 17th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Ferguson has an average rating of "Moderate Buy" and an average target price of $235.71.
Check Out Our Latest Research Report on Ferguson
Ferguson Trading Up 2.7%
Shares of FERG stock opened at $231.67 on Friday. Ferguson plc has a 12 month low of $146.00 and a 12 month high of $243.40. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. The business's 50 day moving average is $228.09 and its two-hundred day moving average is $202.16. The company has a market cap of $45.44 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 1.69 and a beta of 1.15.
Ferguson Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, September 26th will be issued a dividend of $0.83 per share. 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 (DPR) is 35.55%.
Ferguson Profile
(
Free Report)
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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