Inspire Trust Co. N.A. acquired a new position in shares of Ferguson plc (NASDAQ:FERG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 17,000 shares of the company's stock, valued at approximately $2,951,000.
Several other institutional investors also recently modified their holdings of FERG. Barclays PLC grew its holdings in shares of Ferguson by 76.9% in the third quarter. Barclays PLC now owns 867,593 shares of the company's stock valued at $172,281,000 after acquiring an additional 377,283 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of Ferguson in the fourth quarter valued at approximately $283,000. UMB Bank n.a. bought a new position in shares of Ferguson in the fourth quarter valued at approximately $59,000. Perpetual Ltd grew its holdings in shares of Ferguson by 8.3% in the fourth quarter. Perpetual Ltd now owns 47,828 shares of the company's stock valued at $8,302,000 after acquiring an additional 3,661 shares in the last quarter. Finally, Chesley Taft & Associates LLC grew its holdings in shares of Ferguson by 46.2% in the fourth quarter. Chesley Taft & Associates LLC now owns 6,215 shares of the company's stock valued at $1,079,000 after acquiring an additional 1,965 shares in the last quarter. 81.98% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. Barclays dropped their price objective on Ferguson from $211.00 to $190.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. JPMorgan Chase & Co. upped their price objective on Ferguson from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday. Oppenheimer dropped their price objective on Ferguson from $234.00 to $189.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft assumed coverage on Ferguson in a research note on Tuesday, April 1st. They issued a "hold" rating and a $174.00 price objective on the stock. Finally, Wells Fargo & Company upped their price objective on Ferguson from $180.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Ferguson has a consensus rating of "Moderate Buy" and an average target price of $200.15.
Get Our Latest Stock Analysis on FERG
Ferguson Price Performance
Shares of FERG traded up $4.44 during mid-day trading on Tuesday, reaching $182.65. 446,237 shares of the stock traded hands, compared to its average volume of 1,621,578. The company has a market cap of $36.52 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 1.69 and a beta of 1.14. Ferguson plc has a 1 year low of $146.00 and a 1 year high of $225.63. The firm has a fifty day moving average price of $167.51 and a 200 day moving average price of $178.35. 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 posted its quarterly earnings data on Tuesday, March 11th. The company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.06). The business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.76 billion. Ferguson had a net margin of 5.68% and a return on equity of 34.63%. Ferguson's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.74 EPS. As a group, equities research analysts predict that Ferguson plc will post 9.4 earnings per share for the current year.
Ferguson Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 6th. Investors of record on Friday, March 21st were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 1.82%. The ex-dividend date was Friday, March 21st. 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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