Livforsakringsbolaget Skandia Omsesidigt Sells 2,800 Shares of Ferguson plc $FERG

Key Points

• Livforsakringsbolaget Skandia Omsesidigt reduced its stake in Ferguson plc by 8.9%, selling 2,800 shares and holding 28,776 shares valued at $6,266,000 as of its latest SEC filing.
• Ferguson recently declared a quarterly dividend of $0.83, reflecting an annual yield of 1.5% and a payout ratio of 41.40%.
• Analyst ratings for Ferguson show a consensus rating of "Moderate Buy", with several firms adjusting their price targets, indicating continued positive sentiment in the market.

Livforsakringsbolaget Skandia Omsesidigt trimmed its position in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 8.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,776 shares of the company's stock after selling 2,800 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Ferguson were worth $6,266,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Cetera Investment Advisers raised its position in Ferguson by 16.9% in the fourth quarter. Cetera Investment Advisers now owns 10,452 shares of the company's stock worth $1,814,000 after purchasing an additional 1,511 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Ferguson during the fourth quarter worth approximately $448,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Ferguson by 21.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,322 shares of the company's stock valued at $2,139,000 after purchasing an additional 2,176 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Ferguson by 0.7% during the fourth quarter. Royal Bank of Canada now owns 840,722 shares of the company's stock valued at $145,924,000 after purchasing an additional 5,714 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Ferguson by 1,075.1% during the fourth quarter. Toronto Dominion Bank now owns 28,625 shares of the company's stock valued at $4,968,000 after purchasing an additional 26,189 shares during the last quarter. Institutional investors and hedge funds own 81.98% of the company's stock.

Ferguson Trading Up 1.3%

Shares of NASDAQ:FERG opened at $214.38 on Tuesday. Ferguson plc has a 12 month low of $146.00 and a 12 month high of $243.40. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. The company's fifty day simple moving average is $226.45 and its 200 day simple moving average is $196.87. The firm has a market cap of $42.27 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 1.69 and a beta of 1.15.

Ferguson Announces Dividend

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

Analyst Ratings Changes

FERG has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Ferguson in a research note on Wednesday, September 10th. UBS Group lifted their price target on shares of Ferguson from $173.00 to $204.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. The Goldman Sachs Group initiated coverage on shares of Ferguson in a research report on Wednesday, June 18th. They set a "buy" rating and a $280.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Ferguson from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ferguson from $220.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, September 4th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Ferguson currently has a consensus rating of "Moderate Buy" and an average price target of $221.00.

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.

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