Toronto Dominion Bank raised its holdings in Ferguson plc (NASDAQ:FERG - Free Report) by 1,075.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,625 shares of the company's stock after buying an additional 26,189 shares during the period. Toronto Dominion Bank's holdings in Ferguson were worth $4,968,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Suvretta Capital Management LLC raised its holdings in shares of Ferguson by 9.0% in the 4th quarter. Suvretta Capital Management LLC now owns 245,530 shares of the company's stock valued at $42,617,000 after purchasing an additional 20,320 shares in the last quarter. Sagefield Capital LP raised its holdings in shares of Ferguson by 50.5% in the 4th quarter. Sagefield Capital LP now owns 52,204 shares of the company's stock valued at $9,061,000 after purchasing an additional 17,506 shares in the last quarter. Skye Global Management LP raised its holdings in shares of Ferguson by 116.7% in the 4th quarter. Skye Global Management LP now owns 208,000 shares of the company's stock valued at $36,103,000 after purchasing an additional 112,000 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in shares of Ferguson by 3.1% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 53,899 shares of the company's stock valued at $9,355,000 after purchasing an additional 1,642 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Ferguson by 0.7% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 81.98% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on FERG shares. Oppenheimer reduced their price objective on shares of Ferguson from $234.00 to $189.00 and set an "outperform" rating on the stock in a report on Wednesday, March 12th. Royal Bank of Canada reiterated an "outperform" rating and set a $189.00 price target on shares of Ferguson in a research note on Tuesday, March 18th. JPMorgan Chase & Co. lifted their price target on shares of Ferguson from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday. Morgan Stanley assumed coverage on shares of Ferguson in a research note on Monday, February 3rd. They set an "overweight" rating and a $204.00 price target on the stock. Finally, Wolfe Research assumed coverage on shares of Ferguson in a research report on Monday, March 17th. They set a "peer perform" rating on the stock. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Ferguson has an average rating of "Moderate Buy" and an average target price of $200.15.
Read Our Latest Research Report on FERG
Ferguson Stock Performance
Shares of NASDAQ:FERG traded up $3.18 during midday trading on Tuesday, hitting $181.39. The stock had a trading volume of 289,649 shares, compared to its average volume of 1,620,983. The company has a market capitalization of $36.27 billion, a PE ratio of 21.77, a P/E/G ratio of 1.69 and a beta of 1.14. The stock has a 50 day moving average price of $167.51 and a two-hundred day moving average price of $178.35. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. Ferguson plc has a 1 year low of $146.00 and a 1 year high of $225.63.
Ferguson (NASDAQ:FERG - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.06). The firm had revenue of $6.87 billion during the quarter, compared to analysts' expectations of $6.76 billion. Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The firm's revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.74 EPS. As a group, equities analysts predict that Ferguson plc will post 9.4 earnings per share for the current fiscal year.
Ferguson Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Friday, March 21st were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Friday, March 21st. Ferguson's payout ratio is 40.84%.
About Ferguson
(
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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