1,881 Shares in Ferguson plc $FERG Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC purchased a new position in shares of Ferguson plc (NYSE:FERG) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 1,881 shares of the company’s stock, valued at approximately $410,000.

Several other large investors have also recently made changes to their positions in FERG. Untitled Investments LP acquired a new position in Ferguson during the first quarter worth $5,953,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Ferguson by 11.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,932,959 shares of the company’s stock worth $309,718,000 after buying an additional 205,531 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Ferguson by 14.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,782 shares of the company’s stock worth $928,000 after buying an additional 722 shares during the last quarter. Fiera Capital Corp boosted its stake in Ferguson by 37.5% during the first quarter. Fiera Capital Corp now owns 13,042 shares of the company’s stock worth $2,090,000 after buying an additional 3,559 shares during the last quarter. Finally, Empower Advisory Group LLC acquired a new position in Ferguson during the first quarter worth $843,000. 81.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Barclays boosted their price objective on Ferguson from $247.00 to $273.00 and gave the stock an “overweight” rating in a research note on Thursday, September 18th. Truist Financial upped their price target on Ferguson from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Wells Fargo & Company upped their price target on Ferguson from $250.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, September 17th. Wall Street Zen raised Ferguson from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Finally, Zacks Research raised Ferguson to a “hold” rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $235.71.

Ferguson Price Performance

Shares of Ferguson stock opened at $234.69 on Thursday. The firm’s 50-day moving average price is $228.68. Ferguson plc has a 12 month low of $146.00 and a 12 month high of $243.40. The stock has a market cap of $46.03 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.90 and a beta of 1.17. The company has a quick ratio of 0.94, a current ratio of 1.68 and a debt-to-equity ratio of 0.64.

Ferguson (NYSE:FERG) last announced its earnings results on Tuesday, September 16th. The company reported $3.48 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.48. Ferguson had a return on equity of 35.21% and a net margin of 6.03%.The company had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.44 billion.

Ferguson Announces Dividend

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 issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, September 26th. Ferguson’s dividend payout ratio (DPR) is 35.55%.

About Ferguson

Ferguson Enterprises Inc distributes plumbing and heating products in North America. The company provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, and fabrication, as well as heating, ventilation, and air conditioning (HVAC) to residential and non-residential customers.