Cumberland Partners Ltd increased its position in shares of Ferguson plc (NASDAQ:FERG - Free Report) by 16.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,765 shares of the company's stock after buying an additional 3,865 shares during the quarter. Cumberland Partners Ltd's holdings in Ferguson were worth $5,361,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. McGlone Suttner Wealth Management Inc. acquired a new position in Ferguson during the fourth quarter valued at approximately $29,000. CVA Family Office LLC acquired a new position in Ferguson during the fourth quarter valued at approximately $31,000. Private Trust Co. NA boosted its position in Ferguson by 146.1% during the fourth quarter. Private Trust Co. NA now owns 187 shares of the company's stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. Milestone Investment Advisors LLC acquired a new position in Ferguson during the third quarter valued at approximately $47,000. Finally, Lindbrook Capital LLC boosted its position in Ferguson by 150.0% during the third quarter. Lindbrook Capital LLC now owns 320 shares of the company's stock valued at $53,000 after purchasing an additional 192 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors.
Ferguson Stock Performance
NASDAQ:FERG traded up $3.71 during mid-day trading on Tuesday, hitting $211.90. 730,114 shares of the stock were exchanged, compared to its average volume of 1,139,664. The stock has a market capitalization of $42.98 billion, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 8.72 and a beta of 1.27. The firm's 50-day simple moving average is $211.22 and its 200 day simple moving average is $188.78. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 1.80. Ferguson plc has a fifty-two week low of $133.79 and a fifty-two week high of $224.86.
Ferguson (NASDAQ:FERG - Get Free Report) last released its quarterly earnings results on Tuesday, March 5th. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.08). The firm had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.72 billion. Ferguson had a return on equity of 37.99% and a net margin of 6.00%. The business's revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.91 earnings per share. As a group, equities analysts anticipate that Ferguson plc will post 9.66 EPS for the current fiscal 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 dividend on an annualized basis and a yield of 1.49%. Ferguson's dividend payout ratio (DPR) is presently 36.74%.
Analyst Upgrades and Downgrades
FERG has been the subject of a number of recent analyst reports. 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 investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Ferguson presently has an average rating of "Moderate Buy" and an average target price of $166.50.
Read Our Latest Stock Analysis on Ferguson
Ferguson Profile
(
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.
Further Reading
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