abrdn plc Has $114.54 Million Stock Holdings in Ferguson plc (NASDAQ:FERG)

abrdn plc boosted its stake in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 8.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 593,240 shares of the company's stock after purchasing an additional 46,414 shares during the quarter. abrdn plc owned about 0.29% of Ferguson worth $114,537,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. bought a new stake in Ferguson during the fourth quarter worth approximately $29,000. CVA Family Office LLC bought a new stake in shares of Ferguson in the fourth quarter valued at approximately $31,000. Private Trust Co. NA boosted its position in shares of Ferguson by 146.1% in the fourth quarter. Private Trust Co. NA now owns 187 shares of the company's stock valued at $36,000 after acquiring an additional 111 shares during the period. Milestone Investment Advisors LLC bought a new stake in shares of Ferguson in the third quarter valued at approximately $47,000. Finally, Park Place Capital Corp boosted its position in shares of Ferguson by 2,291.7% in the fourth quarter. Park Place Capital Corp now owns 287 shares of the company's stock valued at $55,000 after acquiring an additional 275 shares during the period. Institutional investors own 81.98% of the company's stock.

Ferguson Stock Performance

FERG stock traded down $0.74 during midday trading on Friday, hitting $208.80. The stock had a trading volume of 685,521 shares, compared to its average volume of 1,098,316. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. The stock has a 50-day simple moving average of $210.60 and a 200 day simple moving average of $188.11. Ferguson plc has a 52 week low of $133.10 and a 52 week high of $224.86. The firm has a market capitalization of $42.35 billion, a price-to-earnings ratio of 24.28, a P/E/G ratio of 8.72 and a beta of 1.27.

Ferguson (NASDAQ:FERG - Get Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.08). Ferguson had a return on equity of 37.99% and a net margin of 6.00%. The company had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same quarter in the prior year, the company earned $1.91 earnings per share. The business's revenue was down 2.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Ferguson plc will post 9.66 earnings per share for the current year.

Ferguson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $3.16 annualized dividend and a yield of 1.51%. Ferguson's dividend payout ratio is currently 36.74%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised Ferguson from an "equal weight" rating to an "overweight" rating in a research report on Thursday, January 4th. Raymond James cut Ferguson from an "outperform" rating to a "market perform" rating in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $166.50.

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.