Clio Asset Management LLC Lowers Stake in Ferguson plc (NASDAQ:FERG)

Clio Asset Management LLC lowered its stake in Ferguson plc (NASDAQ:FERG - Free Report) by 9.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 60,445 shares of the company's stock after selling 6,240 shares during the quarter. Ferguson accounts for 7.7% of Clio Asset Management LLC's portfolio, making the stock its 6th biggest position. Clio Asset Management LLC's holdings in Ferguson were worth $9,685,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LGT Financial Advisors LLC lifted its position in Ferguson by 106.3% in the fourth quarter. LGT Financial Advisors LLC now owns 198 shares of the company's stock valued at $34,000 after purchasing an additional 102 shares during the last quarter. Grove Bank & Trust lifted its position in Ferguson by 247.4% in the first quarter. Grove Bank & Trust now owns 198 shares of the company's stock valued at $32,000 after purchasing an additional 141 shares during the last quarter. Whipplewood Advisors LLC lifted its position in Ferguson by 166.7% in the first quarter. Whipplewood Advisors LLC now owns 208 shares of the company's stock valued at $33,000 after purchasing an additional 130 shares during the last quarter. Private Trust Co. NA lifted its position in Ferguson by 92.5% in the fourth quarter. Private Trust Co. NA now owns 258 shares of the company's stock valued at $45,000 after purchasing an additional 124 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Ferguson by 259.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 291 shares of the company's stock valued at $47,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 81.98% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Robert W. Baird set a $190.00 target price on Ferguson and gave the company an "outperform" rating in a research note on Wednesday, March 12th. Truist Financial reissued a "buy" rating and set a $230.00 target price on shares of Ferguson in a research note on Wednesday, June 4th. UBS Group boosted their target price on Ferguson from $173.00 to $204.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Wolfe Research assumed coverage on Ferguson in a research note on Monday, March 17th. They set a "peer perform" rating on the stock. Finally, Wells Fargo & Company boosted their target price on Ferguson from $190.00 to $230.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $221.27.

Ferguson Stock Up 0.4%

Shares of NASDAQ FERG traded up $0.86 during trading on Friday, reaching $215.16. The company had a trading volume of 2,776,471 shares, compared to its average volume of 1,660,464. Ferguson plc has a 12-month low of $146.00 and a 12-month high of $225.63. The stock has a market cap of $42.43 billion, a PE ratio of 25.83, a P/E/G ratio of 1.69 and a beta of 1.13. The business's 50-day moving average is $184.67 and its 200 day moving average is $178.02. 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 (NASDAQ:FERG - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $2.06 by $0.44. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. The business's revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.32 EPS. As a group, equities analysts forecast that Ferguson plc will post 9.4 earnings per share for the current fiscal year.

Ferguson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Friday, June 20th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, June 20th. Ferguson's payout ratio is currently 41.40%.

Ferguson Company 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.