Timber Creek Capital Management LLC Purchases 17,986 Shares of Ferguson plc (NASDAQ:FERG)

Timber Creek Capital Management LLC increased its holdings in Ferguson plc (NASDAQ:FERG - Free Report) by 715.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,499 shares of the company's stock after purchasing an additional 17,986 shares during the period. Timber Creek Capital Management LLC's holdings in Ferguson were worth $3,285,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in FERG. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ferguson by 7.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 778,737 shares of the company's stock worth $135,247,000 after purchasing an additional 52,776 shares during the period. Markel Group Inc. lifted its holdings in Ferguson by 25.4% in the fourth quarter. Markel Group Inc. now owns 106,000 shares of the company's stock worth $18,398,000 after buying an additional 21,500 shares during the period. Manning & Napier Advisors LLC raised its position in shares of Ferguson by 40.3% in the 1st 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 in the last quarter. GAMMA Investing LLC boosted its position in shares of 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 stake in Ferguson in the first quarter worth $261,000. Hedge funds and other institutional investors own 81.98% of the company's stock.

Ferguson Stock Performance

Shares of NASDAQ FERG traded up $1.76 during trading on Friday, hitting $223.16. The company had a trading volume of 1,075,399 shares, compared to its average volume of 1,676,862. The stock has a 50 day simple moving average of $194.54 and a 200 day simple moving average of $179.35. The firm has a market capitalization of $44.00 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17. 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.

Ferguson (NASDAQ:FERG - Get Free Report) last released its 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 net margin of 5.68% and a return on equity of 34.63%. During the same quarter in the previous year, the business posted $2.32 EPS. The business's quarterly revenue was up 4.3% compared to the same quarter last year. As a group, analysts anticipate that Ferguson plc will post 9.4 earnings per share for the current year.

Ferguson Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently weighed in on FERG shares. Royal Bank Of Canada upped their target price on shares of Ferguson from $189.00 to $231.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Oppenheimer upped their price target on Ferguson from $189.00 to $235.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Wolfe Research began coverage on Ferguson in a research note on Monday, March 17th. They set a "peer perform" rating for the company. Morgan Stanley restated an "overweight" rating and set a $220.00 price target (up from $195.00) on shares of Ferguson in a report on Monday, June 9th. Finally, Citigroup dropped their price target on shares of Ferguson from $189.00 to $168.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $221.27.

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.