Ferguson (NASDAQ:FERG - Free Report) had its price target lifted by UBS Group from $204.00 to $225.00 in a research note issued to investors on Wednesday, Marketbeat reports. They currently have a neutral rating on the stock.
A number of other analysts have also issued reports on FERG. Wells Fargo & Company boosted their target price on Ferguson from $250.00 to $275.00 and gave the company an "overweight" rating in a research report on Wednesday. Truist Financial reissued a "buy" rating and issued a $230.00 target price on shares of Ferguson in a research report on Wednesday, June 4th. Barclays boosted their target price on Ferguson from $190.00 to $247.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. boosted their price target on shares of Ferguson from $220.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, September 4th. Finally, Robert W. Baird boosted their price target on shares of Ferguson from $260.00 to $262.00 and gave the stock an "outperform" rating in a research note on Wednesday. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $235.71.
Check Out Our Latest Report on FERG
Ferguson Trading Up 2.1%
NASDAQ FERG traded up $4.67 on Wednesday, reaching $229.15. The stock had a trading volume of 2,612,426 shares, compared to its average volume of 1,764,561. The firm has a market capitalization of $45.18 billion, a price-to-earnings ratio of 27.51, a P/E/G ratio of 1.69 and a beta of 1.15. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. Ferguson has a 12-month low of $146.00 and a 12-month high of $243.40. The stock has a fifty day moving average price of $226.73 and a two-hundred day moving average price of $197.69.
Ferguson Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, September 26th will be paid a dividend of $0.83 per share. The ex-dividend date is Friday, September 26th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.4%. Ferguson's payout ratio is presently 41.40%.
Hedge Funds Weigh In On Ferguson
A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Ferguson by 0.9% during the second quarter. Vanguard Group Inc. now owns 19,341,871 shares of the company's stock worth $4,211,692,000 after purchasing an additional 173,128 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Ferguson by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 7,687,611 shares of the company's stock valued at $1,673,977,000 after acquiring an additional 27,312 shares during the last quarter. Invesco Ltd. lifted its position in Ferguson by 13.8% in the first quarter. Invesco Ltd. now owns 6,818,800 shares of the company's stock valued at $1,092,576,000 after acquiring an additional 827,355 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Ferguson by 65.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,454,467 shares of the company's stock valued at $713,740,000 after acquiring an additional 1,755,464 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Ferguson by 39.3% in the second quarter. Franklin Resources Inc. now owns 4,255,661 shares of the company's stock valued at $926,830,000 after acquiring an additional 1,201,493 shares during the last quarter. Institutional investors and hedge funds own 81.98% of the company's stock.
About Ferguson
(
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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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