Greenleaf Trust Sells 155 Shares of Ferguson plc $FERG

Greenleaf Trust cut its holdings in Ferguson plc (NASDAQ:FERG) by 3.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,115 shares of the company’s stock after selling 155 shares during the period. Greenleaf Trust’s holdings in Ferguson were worth $896,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in FERG. Untitled Investments LP bought a new position in Ferguson in the 1st quarter worth approximately $5,953,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Ferguson by 11.9% in the 1st 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 period. Mirae Asset Global Investments Co. Ltd. increased its position 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 acquiring an additional 722 shares during the period. Fiera Capital Corp increased its position 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 acquiring an additional 3,559 shares during the period. Finally, Empower Advisory Group LLC bought a new position in Ferguson during the first quarter worth $843,000. 81.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Ferguson from $260.00 to $262.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. The Goldman Sachs Group began coverage on shares of Ferguson in a report on Wednesday, June 18th. They set a “buy” rating and a $280.00 price objective on the stock. Truist Financial boosted 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. Berenberg Bank restated a “hold” rating and set a $215.00 price target on shares of Ferguson in a research note on Thursday, June 5th. Finally, Wells Fargo & Company boosted 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. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $235.71.

Ferguson Stock Performance

NASDAQ FERG opened at $225.67 on Thursday. The stock has a market cap of $44.27 billion, a P/E ratio of 27.09, a PEG ratio of 1.69 and a beta of 1.15. The company’s 50-day simple moving average is $227.93 and its 200 day simple moving average is $201.68. Ferguson plc has a twelve month low of $146.00 and a twelve month high of $243.40. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83.

Ferguson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, September 26th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, September 26th. Ferguson’s dividend payout ratio is currently 35.55%.

Ferguson Profile

Ferguson plc distributes plumbing and heating products in the United States and Canada. It offers plumbing and heating solutions to customers in the residential, commercial, civil/infrastructure, and industrial end markets. The company also provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, fabrication, and others, as well as heating, ventilation, and air conditioning products under the Ferguson brand name.