Ferguson (NYSE:FERG) Given New $285.00 Price Target at Wells Fargo & Company

Ferguson (NYSE:FERG) had its price objective upped by Wells Fargo & Company from $260.00 to $285.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other analysts have also issued reports on the company. Weiss Ratings raised Ferguson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 20th. Truist Financial upped their target price on Ferguson from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Barclays increased their target price on Ferguson from $278.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Citigroup restated a “neutral” rating on shares of Ferguson in a research note on Wednesday. Finally, Royal Bank Of Canada upped their price target on shares of Ferguson from $271.00 to $281.00 and gave the company an “outperform” rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $269.60.

Ferguson Stock Down 0.3%

NYSE FERG opened at $252.13 on Wednesday. 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 has a fifty-two week low of $166.04 and a fifty-two week high of $271.64. The business has a 50 day moving average price of $243.90 and a two-hundred day moving average price of $244.02. The stock has a market cap of $49.01 billion, a PE ratio of 25.47, a P/E/G ratio of 1.90 and a beta of 1.23.

Ferguson (NYSE:FERG) last posted its earnings results on Tuesday, May 5th. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.14. Ferguson had a net margin of 6.98% and a return on equity of 38.92%. The business had revenue of $7.47 billion for the quarter. During the same period in the previous year, the firm posted $2.50 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, sell-side analysts predict that Ferguson will post 11.2 EPS for the current fiscal year.

Ferguson declared that its Board of Directors has approved a stock repurchase program on Tuesday, May 5th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the company to buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Ferguson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Friday, May 15th will be given a $0.89 dividend. The ex-dividend date is Friday, May 15th. This represents a $3.56 annualized dividend and a dividend yield of 1.4%. Ferguson’s dividend payout ratio (DPR) is presently 35.96%.

Institutional Investors Weigh In On Ferguson

Several institutional investors and hedge funds have recently made changes to their positions in FERG. Wellington Management Group LLP lifted its stake in Ferguson by 150.8% during the fourth quarter. Wellington Management Group LLP now owns 9,366,465 shares of the company’s stock worth $2,085,256,000 after purchasing an additional 5,631,554 shares during the last quarter. Norges Bank bought a new stake in Ferguson during the fourth quarter valued at $498,005,000. Durable Capital Partners LP acquired a new stake in shares of Ferguson during the third quarter worth $244,561,000. Qube Research & Technologies Ltd lifted its position in shares of Ferguson by 588.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,087,523 shares of the company’s stock worth $244,236,000 after buying an additional 929,475 shares during the last quarter. Finally, 59 North Capital Management LP lifted its position in shares of Ferguson by 114.7% in the 3rd quarter. 59 North Capital Management LP now owns 1,255,137 shares of the company’s stock worth $281,879,000 after buying an additional 670,473 shares during the last quarter. 81.98% of the stock is owned by institutional investors and hedge funds.

Ferguson News Summary

Here are the key news stories impacting Ferguson this week:

• Positive Sentiment: Wells Fargo raised its price target to $285 and upgraded Ferguson to “overweight,” implying ~13% upside from current levels — a supportive analyst signal for momentum. Wells Fargo raises price target
• Positive Sentiment: Board approved a $2.0 billion share repurchase program (up to ~3.9% of shares outstanding), a strong capital-return move that typically supports share price and signals management confidence. Ferguson approves $2B buyback
• Positive Sentiment: Q1 results topped estimates: EPS $2.28 vs. consensus $2.14, revenue $7.47B (+3.6% YoY). Management highlighted non-residential strength and cash generation that funds growth and buybacks. These operational beats are a primary reason investors are bullish. Ferguson reports Q1 results
• Positive Sentiment: Ferguson formed a strategic alliance with Contractor Commerce to help contractor customers modernize e?commerce and drive digital sales — incremental revenue/retention opportunity over time. Strategic alliance with Contractor Commerce
• Neutral Sentiment: Ferguson filed its Form 10?Q (Q1) and an 8?K; routine SEC filings that provide detail but don’t fundamentally change the story. Investors should read the 10?Q for any updates to guidance or one?time items. Ferguson files Form 10-Q
• Neutral Sentiment: Management/insider share vesting disclosures were filed (restricted stock units vested for directors/PDMRs) — standard reporting that can modestly increase tradable float if shares are sold. Director/PDMR shareholding notice
• Neutral Sentiment: Analyst coverage remains broadly constructive (average rating around “Moderate Buy”), which supports medium?term investor sentiment but is not a catalyst by itself. Brokerage coverage summary
• Neutral Sentiment: Local municipal headlines (Ferguson city council rejecting a tax abatement/data?center proposal) are likely unrelated to Ferguson plc’s operations and are not expected to materially affect the stock. City council rejects tax abatement

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.