Janney Montgomery Scott LLC raised its stake in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119,688 shares of the company's stock after purchasing an additional 4,808 shares during the quarter. Janney Montgomery Scott LLC owned 0.06% of Ferguson worth $19,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. FMR LLC increased its position in Ferguson by 18.2% during the 4th quarter. FMR LLC now owns 10,007,892 shares of the company's stock valued at $1,740,049,000 after purchasing an additional 1,539,889 shares during the period. Invesco Ltd. lifted its stake in Ferguson by 25.9% during the 4th quarter. Invesco Ltd. now owns 5,991,445 shares of the company's stock valued at $1,039,935,000 after acquiring an additional 1,231,120 shares during the period. Janus Henderson Group PLC lifted its stake in Ferguson by 1.3% during the 4th quarter. Janus Henderson Group PLC now owns 4,935,419 shares of the company's stock valued at $856,746,000 after acquiring an additional 62,887 shares during the period. Parnassus Investments LLC increased its position in shares of Ferguson by 944.4% during the 4th quarter. Parnassus Investments LLC now owns 3,537,155 shares of the company's stock valued at $613,944,000 after purchasing an additional 3,198,477 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Ferguson by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,215,657 shares of the company's stock valued at $557,082,000 after purchasing an additional 18,036 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors.
Ferguson Price Performance
Shares of Ferguson stock traded up $0.86 on Friday, reaching $215.16. The company's stock had a trading volume of 2,776,471 shares, compared to its average volume of 1,660,464. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. 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 $42.43 billion, a P/E ratio of 25.83, a PEG ratio of 1.69 and a beta of 1.13. The stock has a 50-day moving average price of $184.67 and a 200-day moving average price of $178.02.
Ferguson (NASDAQ:FERG - Get Free Report) last issued its quarterly 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 return on equity of 34.63% and a net margin of 5.68%. Ferguson's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.32 earnings per share. Analysts expect that Ferguson plc will post 9.4 EPS for the current year.
Ferguson Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Friday, June 20th will be issued a $0.83 dividend. The ex-dividend date is Friday, June 20th. This represents a $3.32 annualized dividend and a yield of 1.54%. Ferguson's dividend payout ratio (DPR) is currently 41.40%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on FERG shares. Robert W. Baird set a $190.00 target price on shares of Ferguson and gave the stock an "outperform" rating in a report on Wednesday, March 12th. Berenberg Bank restated a "hold" rating and issued a $215.00 price target on shares of Ferguson in a research report on Thursday, June 5th. Deutsche Bank Aktiengesellschaft began coverage on Ferguson in a research report on Tuesday, April 1st. They issued a "hold" rating and a $174.00 price target for the company. Barclays increased their target price on Ferguson from $190.00 to $247.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Finally, Morgan Stanley restated an "overweight" rating and set a $220.00 price target (up previously from $195.00) on shares of Ferguson in a research note on Monday, June 9th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $221.27.
Read Our Latest Report on FERG
Ferguson Company Profile
(
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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