Lee Financial Co Sells 104 Shares of Ferguson plc (NASDAQ:FERG)

Lee Financial Co lowered its position in Ferguson plc (NASDAQ:FERG) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,371 shares of the company’s stock after selling 104 shares during the period. Lee Financial Co’s holdings in Ferguson were worth $1,107,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FERG. True Wealth Design LLC increased its stake in Ferguson by 1,350.0% in the 3rd quarter. True Wealth Design LLC now owns 145 shares of the company’s stock valued at $29,000 after buying an additional 135 shares during the last quarter. Manchester Capital Management LLC increased its position in shares of Ferguson by 906.7% during the fourth quarter. Manchester Capital Management LLC now owns 151 shares of the company’s stock valued at $26,000 after acquiring an additional 136 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Ferguson during the third quarter worth $37,000. Peterson Financial Group Inc. purchased a new position in Ferguson in the third quarter worth $39,000. Finally, Ashton Thomas Securities LLC bought a new position in Ferguson in the 3rd quarter valued at $40,000. 81.98% of the stock is owned by institutional investors.

Ferguson Stock Up 0.4 %

Shares of NASDAQ FERG opened at $184.29 on Friday. The business has a 50-day simple moving average of $180.18 and a two-hundred day simple moving average of $194.99. Ferguson plc has a 52 week low of $167.27 and a 52 week high of $225.63. The company has a market cap of $36.85 billion, a P/E ratio of 19.21, a P/E/G ratio of 1.72 and a beta of 1.24. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Friday, December 20th were issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Friday, December 20th. This is a positive change from Ferguson’s previous quarterly dividend of $0.79. Ferguson’s dividend payout ratio is 39.86%.

Analysts Set New Price Targets

FERG has been the topic of a number of research analyst reports. UBS Group reissued a “neutral” rating and issued a $193.00 price target (down from $230.00) on shares of Ferguson in a report on Wednesday, January 8th. Zelman & Associates cut shares of Ferguson from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Citigroup decreased their price target on shares of Ferguson from $221.00 to $189.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Robert W. Baird dropped their price objective on Ferguson from $230.00 to $225.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $219.00 price objective on shares of Ferguson in a report on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $217.73.

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.