Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Ferguson plc (NASDAQ:FERG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,818 shares of the company's stock, valued at approximately $932,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. LGT Financial Advisors LLC raised its stake in Ferguson by 106.3% during the 4th quarter. LGT Financial Advisors LLC now owns 198 shares of the company's stock valued at $34,000 after acquiring an additional 102 shares in the last quarter. Grove Bank & Trust raised its stake in Ferguson by 247.4% during the 1st quarter. Grove Bank & Trust now owns 198 shares of the company's stock valued at $32,000 after acquiring an additional 141 shares in the last quarter. Whipplewood Advisors LLC raised its stake in Ferguson by 166.7% during the 1st quarter. Whipplewood Advisors LLC now owns 208 shares of the company's stock valued at $33,000 after acquiring an additional 130 shares in the last quarter. Private Trust Co. NA raised its stake in Ferguson by 92.5% during the 4th quarter. Private Trust Co. NA now owns 258 shares of the company's stock valued at $45,000 after acquiring an additional 124 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Ferguson by 259.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 291 shares of the company's stock valued at $47,000 after acquiring an additional 210 shares in the last quarter. Institutional investors and hedge funds own 81.98% of the company's stock.
Ferguson Stock Up 2.1%
Shares of FERG stock traded up $4.41 on Tuesday, reaching $219.41. 1,717,412 shares of the company's stock traded hands, compared to its average volume of 1,662,951. The business's 50 day moving average price is $186.72 and its two-hundred day moving average price is $178.04. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.68. Ferguson plc has a 12-month low of $146.00 and a 12-month high of $225.63. The company has a market capitalization of $43.26 billion, a P/E ratio of 26.34, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13.
Ferguson (NASDAQ:FERG - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $2.50 earnings per share for the quarter, topping analysts' consensus estimates of $2.06 by $0.44. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. During the same period in the previous year, the company earned $2.32 earnings per share. The firm's revenue was up 4.3% compared to the same quarter last year. On average, equities analysts forecast 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 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 is Friday, June 20th. This represents a $3.32 annualized dividend and a dividend yield of 1.51%. Ferguson's dividend payout ratio is presently 41.40%.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Robert W. Baird set a $190.00 target price on Ferguson and gave the company an "outperform" rating in a research note on Wednesday, March 12th. The Goldman Sachs Group assumed coverage on Ferguson in a research note on Wednesday, June 18th. They issued a "buy" rating and a $280.00 price objective on the stock. Berenberg Bank reissued a "hold" rating and issued a $215.00 price objective on shares of Ferguson in a research note on Thursday, June 5th. Morgan Stanley reissued an "overweight" rating and issued a $220.00 price objective (up previously from $195.00) on shares of Ferguson in a research note on Monday, June 9th. Finally, Royal Bank Of Canada boosted their price objective on Ferguson from $189.00 to $231.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Six research 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 company presently has a consensus rating of "Moderate Buy" and an average target price of $221.27.
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Ferguson Profile
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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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