Wealth Enhancement Advisory Services LLC lifted its stake in Ferguson plc (NASDAQ:FERG – Free Report) by 0.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,834 shares of the company’s stock after purchasing an additional 86 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Ferguson were worth $4,137,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. First Hawaiian Bank purchased a new position in shares of Ferguson in the fourth quarter worth $342,000. Dudley & Shanley Inc. purchased a new position in Ferguson in the 4th quarter worth $18,984,000. Everence Capital Management Inc. acquired a new stake in Ferguson during the 4th quarter worth about $1,028,000. GAMMA Investing LLC grew its stake in Ferguson by 4.8% during the 4th quarter. GAMMA Investing LLC now owns 2,907 shares of the company’s stock valued at $505,000 after purchasing an additional 133 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Ferguson by 167.8% in the fourth quarter. Versant Capital Management Inc now owns 399 shares of the company’s stock valued at $69,000 after purchasing an additional 250 shares during the period. 81.98% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
FERG has been the topic of a number of recent research reports. Bank of America upgraded Ferguson from an “underperform” rating to a “buy” rating and upped their target price for the company from $185.00 to $225.00 in a research report on Wednesday, January 8th. UBS Group reaffirmed a “neutral” rating and issued a $193.00 price objective (down from $230.00) on shares of Ferguson in a report on Wednesday, January 8th. Oppenheimer initiated coverage on shares of Ferguson in a report on Wednesday, October 23rd. They set an “outperform” rating and a $234.00 target price for the company. Robert W. Baird lowered their price target on shares of Ferguson from $230.00 to $225.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Finally, Berenberg Bank lifted their price objective on Ferguson from $224.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Ferguson currently has an average rating of “Moderate Buy” and a consensus target price of $222.40.
Ferguson Stock Performance
NASDAQ FERG opened at $170.30 on Tuesday. The stock has a market capitalization of $34.05 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 1.90 and a beta of 1.24. The stock has a 50-day moving average of $194.10 and a 200 day moving average of $198.65. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 0.89. Ferguson plc has a twelve month low of $167.27 and a twelve month high of $225.63.
Ferguson Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Friday, December 20th will be given a dividend of $0.83 per share. This is a positive change from Ferguson’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Friday, December 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.95%. Ferguson’s dividend payout ratio (DPR) is 39.86%.
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.
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