Ferguson plc (FERG) To Go Ex-Dividend on March 6th

Ferguson plc (NYSE:FERG) announced a quarterly dividend on Wednesday, February 18th. Shareholders of record on Friday, March 6th will be paid a dividend of 0.89 per share on Thursday, April 30th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, March 6th.

Ferguson has raised its dividend payment by an average of 0.1%per year over the last three years. Ferguson has a payout ratio of 33.4% meaning its dividend is sufficiently covered by earnings.

Ferguson Price Performance

FERG opened at $257.40 on Friday. The firm has a market capitalization of $50.33 billion, a P/E ratio of 26.00, a PEG ratio of 2.16 and a beta of 1.18. The stock has a fifty day moving average of $243.14 and a 200-day moving average of $238.59. 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 12-month low of $146.00 and a 12-month high of $271.64.

Ferguson (NYSE:FERG) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.07. The firm had revenue of $8.17 billion for the quarter. Ferguson had a return on equity of 35.73% and a net margin of 6.28%.The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.45 earnings per share.

Institutional Investors Weigh In On Ferguson

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Ferguson by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 19,418,334 shares of the company’s stock valued at $4,323,104,000 after buying an additional 102,850 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Ferguson by 150.8% during the 4th quarter. Wellington Management Group LLP now owns 9,366,465 shares of the company’s stock valued at $2,085,256,000 after acquiring an additional 5,631,554 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Ferguson by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,687,611 shares of the company’s stock valued at $1,673,977,000 after acquiring an additional 27,312 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Ferguson by 7.8% in the 4th quarter. Janus Henderson Group PLC now owns 5,981,791 shares of the company’s stock valued at $1,331,621,000 after acquiring an additional 434,650 shares in the last quarter. Finally, State Street Corp lifted its holdings in Ferguson by 1.8% in the 4th quarter. State Street Corp now owns 4,516,764 shares of the company’s stock worth $1,005,567,000 after purchasing an additional 79,296 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors.

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.