3,253 Shares in Ferguson plc $FERG Bought by Personal CFO Solutions LLC

Personal CFO Solutions LLC bought a new position in shares of Ferguson plc (NYSE:FERG) during the 4th quarter, HoldingsChannel reports. The firm bought 3,253 shares of the company’s stock, valued at approximately $724,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp grew its stake in Ferguson by 1.9% during the 3rd quarter. State Street Corp now owns 4,437,468 shares of the company’s stock worth $1,000,152,000 after buying an additional 81,094 shares during the last quarter. Franklin Resources Inc. grew its stake in Ferguson by 2.6% during the 3rd quarter. Franklin Resources Inc. now owns 4,367,818 shares of the company’s stock worth $980,921,000 after buying an additional 112,157 shares during the last quarter. Wellington Management Group LLP grew its stake in Ferguson by 22.4% during the 3rd quarter. Wellington Management Group LLP now owns 3,734,911 shares of the company’s stock worth $838,786,000 after buying an additional 682,666 shares during the last quarter. Soroban Capital Partners LP lifted its position in Ferguson by 2.8% during the 2nd quarter. Soroban Capital Partners LP now owns 3,705,056 shares of the company’s stock worth $806,776,000 after acquiring an additional 100,559 shares during the period. Finally, Egerton Capital UK LLP lifted its position in Ferguson by 16.4% during the 3rd quarter. Egerton Capital UK LLP now owns 2,600,224 shares of the company’s stock worth $583,958,000 after acquiring an additional 366,898 shares during the period. 81.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FERG has been the subject of a number of research reports. Wall Street Zen cut Ferguson from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Deutsche Bank Aktiengesellschaft lifted their price target on Ferguson from $237.00 to $246.00 and gave the stock a “hold” rating in a research report on Thursday, December 11th. Jefferies Financial Group reaffirmed a “buy” rating and set a $300.00 price target on shares of Ferguson in a research report on Tuesday, February 24th. Oppenheimer lifted their price target on Ferguson from $255.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Ferguson in a research report on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Ferguson presently has an average rating of “Moderate Buy” and a consensus price target of $267.27.

Ferguson Stock Performance

Shares of FERG stock opened at $253.84 on Friday. The stock has a market cap of $49.34 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 2.03 and a beta of 1.21. The business has a 50-day simple moving average of $243.69 and a 200-day simple moving average of $240.52. The company has a quick ratio of 1.01, a current ratio of 1.88 and a debt-to-equity ratio of 0.68. Ferguson plc has a 52-week low of $155.73 and a 52-week high of $271.64.

Ferguson (NYSE:FERG) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $1.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.24 by ($0.25). Ferguson had a net margin of 6.93% and a return on equity of 40.37%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $1.52 earnings per share.

Ferguson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Friday, March 6th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, March 6th. Ferguson’s payout ratio is 35.96%.

About Ferguson

Ferguson (NYSE: FERG) is a multinational distributor specializing in plumbing and heating products and related building supplies, serving professional contractors, builders and industrial customers. The company supplies a broad range of products used in residential, commercial and infrastructure projects, including pipes and fittings, valves and controls, HVAC equipment, waterworks materials, plumbing fixtures, pumps and accessories, as well as complementary electrical and specialty product lines.

Ferguson operates a network of branches and distribution centers that provide inventory, logistics and value-added services to trade customers.