SPC Financial Inc. Buys 125 Shares of Ferguson plc $FERG

SPC Financial Inc. grew its stake in shares of Ferguson plc (NYSE:FERG) by 3.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,410 shares of the company’s stock after acquiring an additional 125 shares during the period. SPC Financial Inc.’s holdings in Ferguson were worth $743,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Hemington Wealth Management grew its stake in shares of Ferguson by 51.5% in the second quarter. Hemington Wealth Management now owns 153 shares of the company’s stock worth $33,000 after purchasing an additional 52 shares during the last quarter. Fifth Third Bancorp increased its holdings in Ferguson by 230.8% in the second quarter. Fifth Third Bancorp now owns 172 shares of the company’s stock valued at $37,000 after purchasing an additional 120 shares during the period. Maseco LLP acquired a new stake in Ferguson in the second quarter valued at $40,000. Grove Bank & Trust increased its holdings in Ferguson by 247.4% in the first quarter. Grove Bank & Trust now owns 198 shares of the company’s stock valued at $32,000 after purchasing an additional 141 shares during the period. Finally, TD Private Client Wealth LLC increased its holdings in Ferguson by 56.5% in the first quarter. TD Private Client Wealth LLC now owns 205 shares of the company’s stock valued at $33,000 after purchasing an additional 74 shares during the period. Institutional investors own 81.98% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on FERG shares. Wells Fargo & Company increased their price objective on Ferguson from $250.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, September 17th. The Goldman Sachs Group started coverage on Ferguson in a report on Wednesday, June 18th. They issued a “buy” rating and a $280.00 price objective for the company. UBS Group increased their price objective on Ferguson from $204.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, September 17th. Truist Financial increased their price objective on shares of Ferguson from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Finally, Oppenheimer increased their price objective on shares of Ferguson from $235.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $235.71.

Ferguson Stock Down 1.4%

FERG opened at $231.45 on Friday. Ferguson plc has a twelve month low of $146.00 and a twelve month high of $243.40. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.94 and a current ratio of 1.68. The business’s fifty day moving average price is $229.11. The firm has a market capitalization of $45.40 billion, a PE ratio of 24.78, a PEG ratio of 1.90 and a beta of 1.17.

Ferguson (NYSE:FERG) last issued its earnings results on Tuesday, September 16th. The company reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.48. The business had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.44 billion. Ferguson had a net margin of 6.03% and a return on equity of 35.21%.

Ferguson Announces Dividend

The business 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 of this dividend is Friday, September 26th. This represents a $3.32 annualized dividend and a yield of 1.4%. Ferguson’s dividend payout ratio is currently 35.55%.

Ferguson Company Profile

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.