Public Employees Retirement System of Ohio decreased its holdings in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 231,660 shares of the company's stock after selling 23,012 shares during the period. Public Employees Retirement System of Ohio owned about 0.12% of Ferguson worth $40,209,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Manchester Capital Management LLC lifted its position in Ferguson by 906.7% in the 4th quarter. Manchester Capital Management LLC now owns 151 shares of the company's stock valued at $26,000 after acquiring an additional 136 shares in the last quarter. LGT Financial Advisors LLC grew its position in shares of Ferguson by 106.3% during the 4th quarter. LGT Financial Advisors LLC now owns 198 shares of the company's stock worth $34,000 after purchasing an additional 102 shares in the last quarter. Berbice Capital Management LLC acquired a new position in shares of Ferguson during the 4th quarter worth approximately $35,000. R Squared Ltd acquired a new stake in shares of Ferguson during the 4th quarter worth approximately $45,000. Finally, Private Trust Co. NA boosted its position in shares of Ferguson by 92.5% during the 4th quarter. Private Trust Co. NA now owns 258 shares of the company's stock worth $45,000 after acquiring an additional 124 shares in the last quarter. Institutional investors own 81.98% of the company's stock.
Analyst Upgrades and Downgrades
FERG has been the subject of several research reports. Barclays dropped their price objective on shares of Ferguson from $211.00 to $190.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Oppenheimer decreased their price objective on shares of Ferguson from $234.00 to $189.00 and set an "outperform" rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. increased their price objective on shares of Ferguson from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday. Wolfe Research assumed coverage on shares of Ferguson in a research note on Monday, March 17th. They issued a "peer perform" rating for the company. Finally, Citigroup decreased their price target on shares of Ferguson from $189.00 to $168.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Ferguson presently has an average rating of "Moderate Buy" and a consensus target price of $200.15.
Check Out Our Latest Report on Ferguson
Ferguson Stock Performance
NASDAQ FERG traded up $4.83 on Tuesday, hitting $183.04. 1,341,560 shares of the company traded hands, compared to its average volume of 1,625,062. The business's 50 day moving average price is $167.51 and its 200-day moving average price is $178.35. Ferguson plc has a 52-week low of $146.00 and a 52-week high of $225.63. The company has a market capitalization of $36.60 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 1.69 and a beta of 1.14. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83.
Ferguson (NASDAQ:FERG - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $1.52 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.06). Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The business had revenue of $6.87 billion during the quarter, compared to analysts' expectations of $6.76 billion. During the same quarter in the previous year, the firm earned $1.74 earnings per share. Ferguson's revenue was up 3.0% on a year-over-year basis. Equities analysts expect that Ferguson plc will post 9.4 earnings per share for the current year.
Ferguson Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Friday, March 21st were paid a dividend of $0.83 per share. The ex-dividend date was Friday, March 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.81%. Ferguson's dividend payout ratio is 40.84%.
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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