Fisher Funds Management LTD lifted its holdings in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 55.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 150,002 shares of the company's stock after buying an additional 53,470 shares during the period. Fisher Funds Management LTD owned approximately 0.08% of Ferguson worth $24,035,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Ferguson by 7.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 778,737 shares of the company's stock worth $135,247,000 after buying an additional 52,776 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Ferguson by 14.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,782 shares of the company's stock worth $928,000 after buying an additional 722 shares during the period. Markel Group Inc. boosted its stake in shares of Ferguson by 25.4% during the fourth quarter. Markel Group Inc. now owns 106,000 shares of the company's stock worth $18,398,000 after buying an additional 21,500 shares during the period. Manning & Napier Advisors LLC boosted its stake in shares of Ferguson by 40.3% during the first quarter. Manning & Napier Advisors LLC now owns 35,015 shares of the company's stock worth $5,610,000 after buying an additional 10,064 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Ferguson by 19,616.0% during the first quarter. GAMMA Investing LLC now owns 573,143 shares of the company's stock worth $91,835,000 after buying an additional 570,236 shares during the period. Institutional investors and hedge funds own 81.98% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on FERG. Royal Bank Of Canada increased their price target on shares of Ferguson from $189.00 to $231.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Truist Financial reissued a "buy" rating and set a $230.00 price target on shares of Ferguson in a report on Wednesday, June 4th. Barclays increased their price target on shares of Ferguson from $190.00 to $247.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Wells Fargo & Company increased their price target on shares of Ferguson from $190.00 to $230.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Ferguson in a report on Tuesday, April 1st. They set a "hold" rating and a $174.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $221.27.
Read Our Latest Analysis on FERG
Ferguson Price Performance
Shares of FERG stock traded down $0.80 during trading hours on Monday, hitting $222.52. The company's stock had a trading volume of 1,364,307 shares, compared to its average volume of 1,677,073. The business has a fifty day moving average of $195.61 and a 200-day moving average of $179.66. The stock has a market cap of $43.88 billion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 1.69 and a beta of 1.17. Ferguson plc has a twelve month low of $146.00 and a twelve month high of $225.63. 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 earnings results on Tuesday, June 3rd. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.06 by $0.44. Ferguson had a net margin of 5.68% and a return on equity of 34.63%. During the same quarter last year, the company earned $2.32 EPS. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Ferguson plc will post 9.4 EPS for the current year.
Ferguson Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Friday, June 20th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $3.32 dividend on an annualized basis and a yield of 1.49%. Ferguson's dividend payout ratio (DPR) is currently 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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