Ferguson plc (NASDAQ:FERG) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank grew its holdings in Ferguson plc (NASDAQ:FERG - Free Report) by 1,075.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,625 shares of the company's stock after acquiring an additional 26,189 shares during the period. Toronto Dominion Bank's holdings in Ferguson were worth $4,968,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. FMR LLC raised its position in Ferguson by 18.2% in the fourth quarter. FMR LLC now owns 10,007,892 shares of the company's stock worth $1,740,049,000 after acquiring an additional 1,539,889 shares during the period. Invesco Ltd. raised its position in Ferguson by 25.9% in the fourth quarter. Invesco Ltd. now owns 5,991,445 shares of the company's stock worth $1,039,935,000 after acquiring an additional 1,231,120 shares during the period. Janus Henderson Group PLC raised its position in Ferguson by 1.3% in the fourth quarter. Janus Henderson Group PLC now owns 4,935,419 shares of the company's stock worth $856,746,000 after acquiring an additional 62,887 shares during the period. Parnassus Investments LLC raised its position in Ferguson by 944.4% in the fourth quarter. Parnassus Investments LLC now owns 3,537,155 shares of the company's stock worth $613,944,000 after acquiring an additional 3,198,477 shares during the period. Finally, Geode Capital Management LLC raised its position in Ferguson by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 3,215,657 shares of the company's stock worth $557,082,000 after acquiring an additional 18,036 shares during the period. 81.98% of the stock is currently owned by institutional investors.

Ferguson Price Performance

Shares of NASDAQ:FERG traded down $0.65 on Friday, reaching $182.43. The company's stock had a trading volume of 2,856,524 shares, compared to its average volume of 1,626,746. Ferguson plc has a 52-week low of $146.00 and a 52-week high of $225.63. The company has a market cap of $36.48 billion, a P/E ratio of 21.90, a PEG ratio of 1.69 and a beta of 1.14. The company has a 50-day simple moving average of $169.02 and a 200 day simple moving average of $178.07. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.68.

Ferguson (NASDAQ:FERG - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $1.52 EPS for the quarter, missing analysts' consensus estimates of $1.58 by ($0.06). Ferguson had a return on equity of 34.63% and a net margin of 5.68%. The business had revenue of $6.87 billion during the quarter, compared to analysts' expectations of $6.76 billion. During the same period in the previous year, the business earned $1.74 earnings per share. The business's quarterly revenue was up 3.0% on a year-over-year basis. As a group, equities research analysts anticipate that Ferguson plc will post 9.4 EPS for the current fiscal year.

Ferguson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Friday, June 20th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.82%. Ferguson's payout ratio is currently 40.84%.

Analyst Upgrades and Downgrades

FERG has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ferguson in a research report on Tuesday, April 1st. They set a "hold" rating and a $174.00 price objective on the stock. Royal Bank of Canada restated an "outperform" rating and set a $189.00 price objective on shares of Ferguson in a research report on Tuesday, March 18th. Oppenheimer decreased their price objective on shares of Ferguson from $234.00 to $189.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 12th. Wolfe Research initiated coverage on shares of Ferguson in a research report on Monday, March 17th. They set a "peer perform" rating on the stock. Finally, Wells Fargo & Company raised their price objective on shares of Ferguson from $180.00 to $190.00 and gave the company an "overweight" rating in a research report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $200.15.

About Ferguson

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.