Kera Capital Partners Inc. Acquires Shares of 1,204 Ferguson plc $FERG

Key Points

• Kera Capital Partners Inc. acquired a new stake in Ferguson plc, purchasing 1,204 shares valued at approximately $262,000 in Q2.
• Ferguson plc announced a quarterly dividend of $0.83, set to be paid on November 7th, representing an annualized dividend yield of 1.6%.
• Wall Street analysts have a consensus rating of Moderate Buy for Ferguson, with an average target price of $221.00.

Kera Capital Partners Inc. bought a new position in shares of Ferguson plc (NASDAQ:FERG - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,204 shares of the company's stock, valued at approximately $262,000.

A number of other large investors have also recently added to or reduced their stakes in FERG. T. Rowe Price Investment Management Inc. increased its holdings in Ferguson by 101.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,165,873 shares of the company's stock worth $667,498,000 after purchasing an additional 2,094,029 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Ferguson by 65.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,454,467 shares of the company's stock worth $713,740,000 after purchasing an additional 1,755,464 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Ferguson by 24.5% during the 1st quarter. Bank of New York Mellon Corp now owns 7,660,299 shares of the company's stock worth $1,227,410,000 after purchasing an additional 1,506,024 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in Ferguson by 94.6% during the 1st quarter. Vontobel Holding Ltd. now owns 2,402,527 shares of the company's stock worth $384,957,000 after purchasing an additional 1,167,751 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Ferguson by 769.5% in the 1st quarter. Wellington Management Group LLP now owns 1,266,954 shares of the company's stock valued at $203,004,000 after acquiring an additional 1,121,249 shares in the last quarter. Institutional investors own 81.98% of the company's stock.

Ferguson Price Performance

Shares of NASDAQ FERG traded down $2.04 during midday trading on Friday, reaching $227.16. The company's stock had a trading volume of 481,998 shares, compared to its average volume of 1,756,916. 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 fifty-two week low of $146.00 and a fifty-two week high of $243.40. The business's 50 day moving average price is $226.73 and its two-hundred day moving average price is $197.69. The company has a market cap of $44.79 billion, a P/E ratio of 27.27, a P/E/G ratio of 1.69 and a beta of 1.15.

Ferguson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, September 26th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, September 26th. Ferguson's payout ratio is presently 41.40%.

Wall Street Analyst Weigh In

FERG has been the subject of several analyst reports. Robert W. Baird raised their price objective on Ferguson from $260.00 to $262.00 and gave the company an "outperform" rating in a report on Wednesday. The Goldman Sachs Group initiated coverage on Ferguson in a report on Wednesday, June 18th. They issued a "buy" rating and a $280.00 price objective for the company. Berenberg Bank restated a "hold" rating and issued a $215.00 price objective on shares of Ferguson in a report on Thursday, June 5th. Oppenheimer raised their price objective on Ferguson from $235.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Barclays raised their price objective on Ferguson from $247.00 to $273.00 and gave the company an "overweight" rating in a report on Thursday. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Ferguson presently has a consensus rating of "Moderate Buy" and a consensus price target of $235.71.

About Ferguson

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.