Clean Yield Group boosted its stake in Ferguson plc (NASDAQ:FERG - Free Report) by 7.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,965 shares of the company's stock after acquiring an additional 2,006 shares during the quarter. Ferguson comprises about 1.5% of Clean Yield Group's holdings, making the stock its 21st largest holding. Clean Yield Group's holdings in Ferguson were worth $4,481,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of FERG. Choreo LLC boosted its position in Ferguson by 4.4% in the 4th quarter. Choreo LLC now owns 5,902 shares of the company's stock valued at $1,024,000 after buying an additional 250 shares during the last quarter. Financial Advocates Investment Management purchased a new stake in Ferguson during the 4th quarter worth approximately $212,000. Equitable Trust Co. raised its position in shares of Ferguson by 4.0% in the 4th quarter. Equitable Trust Co. now owns 12,250 shares of the company's stock valued at $2,126,000 after purchasing an additional 471 shares in the last quarter. Vontobel Holding Ltd. raised its position in shares of Ferguson by 339.9% in the 4th quarter. Vontobel Holding Ltd. now owns 1,234,776 shares of the company's stock valued at $214,320,000 after purchasing an additional 954,092 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in shares of Ferguson by 28.1% during the 4th quarter. V Square Quantitative Management LLC now owns 3,801 shares of the company's stock valued at $660,000 after buying an additional 833 shares during the last quarter. Institutional investors and hedge funds own 81.98% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. UBS Group upped their price target on shares of Ferguson from $173.00 to $204.00 and gave the company a "neutral" rating in a report on Wednesday. Wolfe Research began coverage on Ferguson in a research note on Monday, March 17th. They issued a "peer perform" rating for the company. Citigroup lowered their price objective on Ferguson from $189.00 to $168.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. Robert W. Baird set a $190.00 target price on Ferguson and gave the stock an "outperform" rating in a report on Wednesday, March 12th. Finally, Royal Bank of Canada boosted their price target on Ferguson from $189.00 to $231.00 and gave the company an "outperform" rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Ferguson presently has an average rating of "Moderate Buy" and a consensus target price of $215.93.
Read Our Latest Stock Analysis on Ferguson
Ferguson Trading Down 1.5%
Shares of NASDAQ:FERG opened at $211.56 on Friday. 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 company's 50-day moving average price is $173.52 and its 200 day moving average price is $178.06. The company has a market cap of $42.30 billion, a PE ratio of 25.40, a P/E/G ratio of 1.69 and a beta of 1.13. Ferguson plc has a fifty-two week low of $146.00 and a fifty-two week high of $225.63.
Ferguson (NASDAQ:FERG - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $2.50 earnings per share for the quarter, beating 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%. During the same quarter in the previous year, the firm earned $2.32 EPS. The business's quarterly revenue was up 4.3% on a year-over-year basis. Sell-side analysts anticipate that Ferguson plc will post 9.4 earnings per share for the current year.
Ferguson Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Friday, June 20th will be given a dividend of $0.83 per share. The ex-dividend date is Friday, June 20th. This represents a $3.32 dividend on an annualized basis and a yield of 1.57%. Ferguson's dividend payout ratio (DPR) is presently 41.40%.
About Ferguson
(
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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