Ferguson plc (NASDAQ:FERG) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC lessened its holdings in Ferguson plc (NASDAQ:FERG - Free Report) by 32.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,439 shares of the company's stock after selling 5,120 shares during the period. Kintegral Advisory LLC's holdings in Ferguson were worth $1,681,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of FERG. Charles Schwab Investment Management Inc. increased its position in shares of Ferguson by 7.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 778,737 shares of the company's stock valued at $135,247,000 after buying an additional 52,776 shares in the last quarter. Markel Group Inc. increased its holdings in Ferguson by 25.4% in the 4th quarter. Markel Group Inc. now owns 106,000 shares of the company's stock worth $18,398,000 after acquiring an additional 21,500 shares in the last quarter. Manning & Napier Advisors LLC raised its position in 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 acquiring an additional 10,064 shares during the period. GAMMA Investing LLC lifted its holdings in Ferguson by 19,616.0% during the first quarter. GAMMA Investing LLC now owns 573,143 shares of the company's stock valued at $91,835,000 after purchasing an additional 570,236 shares in the last quarter. Finally, Wolf Group Capital Advisors purchased a new position in Ferguson during the first quarter valued at $261,000. Institutional investors and hedge funds own 81.98% of the company's stock.

Ferguson Trading Up 0.8%

Shares of FERG stock traded up $1.76 on Friday, hitting $223.16. The stock had a trading volume of 1,075,399 shares, compared to its average volume of 1,676,862. The firm has a market capitalization of $44.00 billion, a P/E ratio of 26.79, a P/E/G ratio of 1.69 and a beta of 1.17. Ferguson plc has a 1 year low of $146.00 and a 1 year high of $225.63. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. The company's 50 day moving average price is $194.54 and its 200-day moving average price is $179.35.

Ferguson (NASDAQ:FERG - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $2.50 earnings per share for the quarter, beating 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%. The business's revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.32 EPS. Analysts anticipate that Ferguson plc will post 9.4 earnings per share for the current year.

Ferguson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Friday, June 20th will be paid a $0.83 dividend. The ex-dividend date is Friday, June 20th. This represents a $3.32 annualized dividend and a yield of 1.49%. Ferguson's payout ratio is currently 41.40%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FERG. Citigroup reduced their price target on shares of Ferguson from $189.00 to $168.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Royal Bank Of Canada increased their target price on Ferguson from $189.00 to $231.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. UBS Group raised their target price on Ferguson from $173.00 to $204.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Oppenheimer boosted their price target on Ferguson from $189.00 to $235.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Finally, Robert W. Baird set a $190.00 price objective on Ferguson and gave the company an "outperform" rating in a report on Wednesday, March 12th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Ferguson has a consensus rating of "Moderate Buy" and a consensus target price of $221.27.

Ferguson Company Profile

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.