Ferguson plc (NASDAQ:FERG) Stock Holdings Increased by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its holdings in Ferguson plc (NASDAQ:FERG - Free Report) by 8.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,312 shares of the company's stock after purchasing an additional 3,361 shares during the quarter. IFM Investors Pty Ltd's holdings in Ferguson were worth $7,100,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FERG. Grove Bank & Trust raised its holdings in shares of Ferguson by 247.4% in the 1st quarter. Grove Bank & Trust now owns 198 shares of the company's stock worth $32,000 after purchasing an additional 141 shares in the last quarter. Whipplewood Advisors LLC raised its holdings in shares of Ferguson by 166.7% in the 1st quarter. Whipplewood Advisors LLC now owns 208 shares of the company's stock worth $33,000 after purchasing an additional 130 shares in the last quarter. LGT Financial Advisors LLC raised its holdings in shares of Ferguson by 106.3% in 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. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Ferguson by 259.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 291 shares of the company's stock worth $47,000 after purchasing an additional 210 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Ferguson by 41.1% during the fourth quarter. Assetmark Inc. now owns 333 shares of the company's stock valued at $58,000 after acquiring an additional 97 shares during the period. 81.98% of the stock is currently owned by institutional investors.

Ferguson Price Performance

Shares of FERG opened at $223.16 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.68. The firm has a market cap of $44.00 billion, a PE ratio of 26.79, a PEG ratio of 1.69 and a beta of 1.17. The firm's 50 day moving average price is $195.61 and its 200 day moving average price is $179.63. Ferguson plc has a twelve month low of $146.00 and a twelve month high of $225.63.

Ferguson (NASDAQ:FERG - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.06 by $0.44. Ferguson had a net margin of 5.68% and a return on equity of 34.63%. Ferguson's revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.32 earnings per share. As a group, research analysts expect that Ferguson plc will post 9.4 EPS for the current fiscal year.

Ferguson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Friday, June 20th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, June 20th. Ferguson's dividend payout ratio is 41.40%.

Analyst Upgrades and Downgrades

FERG has been the subject of several research analyst reports. Wolfe Research initiated coverage on shares of Ferguson in a research report on Monday, March 17th. They issued a "peer perform" rating for the company. Truist Financial restated a "buy" rating and issued a $230.00 price target on shares of Ferguson in a research report on Wednesday, June 4th. Morgan Stanley restated an "overweight" rating and issued a $220.00 price target (up previously from $195.00) on shares of Ferguson in a research report on Monday, June 9th. Robert W. Baird set a $190.00 price target on shares of Ferguson and gave the company an "outperform" rating in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of Ferguson from $200.00 to $220.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Ferguson has an average rating of "Moderate Buy" and an average price target of $221.27.

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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