Livforsakringsbolaget Skandia Omsesidigt Has $2.15 Million Stock Position in Ferguson plc $FERG

Livforsakringsbolaget Skandia Omsesidigt boosted its position in Ferguson plc (NYSE:FERG) by 545.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,676 shares of the company’s stock after purchasing an additional 8,176 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Ferguson were worth $2,154,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Basepoint Wealth LLC acquired a new stake in Ferguson during the fourth quarter worth approximately $26,000. Leonteq Securities AG acquired a new stake in Ferguson during the fourth quarter worth approximately $26,000. Central Pacific Bank Trust Division acquired a new stake in Ferguson during the fourth quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in Ferguson during the third quarter worth approximately $28,000. Finally, Cornerstone Planning Group LLC lifted its position in Ferguson by 178.3% during the third quarter. Cornerstone Planning Group LLC now owns 128 shares of the company’s stock worth $31,000 after acquiring an additional 82 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on FERG shares. Oppenheimer raised their target price on shares of Ferguson from $255.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Truist Financial raised their target price on shares of Ferguson from $260.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Royal Bank Of Canada raised their target price on shares of Ferguson from $271.00 to $281.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. UBS Group raised their target price on shares of Ferguson from $220.00 to $252.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Finally, Barclays raised their target price on shares of Ferguson from $295.00 to $297.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $273.64.

Ferguson Stock Performance

Shares of Ferguson stock opened at $230.92 on Friday. Ferguson plc has a fifty-two week low of $207.64 and a fifty-two week high of $271.64. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.78 and a quick ratio of 0.96. The firm has a market capitalization of $44.78 billion, a P/E ratio of 26.85, a P/E/G ratio of 1.60 and a beta of 1.15. The company’s 50 day moving average price is $241.01 and its two-hundred day moving average price is $241.41.

Ferguson (NYSE:FERG) last issued its earnings results on Tuesday, May 5th. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.14. The firm had revenue of $7.47 billion for the quarter. Ferguson had a net margin of 6.98% and a return on equity of 38.81%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.50 EPS. On average, equities analysts forecast that Ferguson plc will post 11.26 earnings per share for the current fiscal year.

Ferguson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Friday, May 15th will be issued a $0.89 dividend. The ex-dividend date is Friday, May 15th. This represents a $3.56 annualized dividend and a yield of 1.5%. Ferguson’s payout ratio is presently 41.40%.

Ferguson declared that its board has initiated a stock repurchase plan on Tuesday, May 5th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 3.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Ferguson Company Profile

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.