Ferguson plc $FERG Stake Lessened by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Ferguson plc by 24.6%, now holding approximately 0.08% of the company valued at $34.8 million.
• Ferguson announced a quarterly dividend of $0.83, with an annualized yield of 1.5%, set to be paid on November 7.
• Analysts have a mixed outlook on Ferguson, with an average rating of "Moderate Buy" and a target price of $235.71.

Public Employees Retirement System of Ohio lowered its holdings in Ferguson plc (NASDAQ:FERG - Free Report) by 24.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,875 shares of the company's stock after selling 52,033 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.08% of Ferguson worth $34,813,000 as of its most recent SEC filing.

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

Ferguson Trading Down 3.2%

Ferguson stock opened at $226.07 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. The company has a market capitalization of $44.58 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 1.69 and a beta of 1.15. Ferguson plc has a one year low of $146.00 and a one year high of $243.40. The company's fifty day moving average price is $227.66 and its two-hundred day moving average price is $199.40.

Ferguson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, September 26th will be given 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 currently 35.55%.

Analyst Ratings Changes

A number of research firms have recently weighed in on FERG. Berenberg Bank reaffirmed a "hold" rating and issued a $215.00 price target on shares of Ferguson in a research note on Thursday, June 5th. UBS Group upped their price target on shares of Ferguson from $204.00 to $225.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 17th. Truist Financial upped their price target on shares of Ferguson from $240.00 to $260.00 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. Oppenheimer upped their price target on shares of Ferguson from $235.00 to $255.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 17th. Finally, Royal Bank Of Canada upped their price target on shares of Ferguson from $231.00 to $243.00 and gave the stock an "outperform" 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 currently has an average rating of "Moderate Buy" and an average target price 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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