Wipfli Financial Advisors LLC Takes $75,000 Position in Ferguson plc (NASDAQ:FERG)

Wipfli Financial Advisors LLC bought a new stake in shares of Ferguson plc (NASDAQ:FERGGet Rating) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 733 shares of the company’s stock, valued at approximately $75,000.

A number of other large investors have also recently made changes to their positions in the stock. Avestar Capital LLC bought a new stake in shares of Ferguson in the third quarter valued at about $286,000. Janney Montgomery Scott LLC raised its holdings in shares of Ferguson by 43.7% in the third quarter. Janney Montgomery Scott LLC now owns 89,610 shares of the company’s stock valued at $9,223,000 after acquiring an additional 27,234 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Ferguson by 59.6% in the third quarter. Raymond James & Associates now owns 52,346 shares of the company’s stock valued at $5,388,000 after acquiring an additional 19,544 shares in the last quarter. Live Oak Private Wealth LLC raised its holdings in shares of Ferguson by 8.0% in the third quarter. Live Oak Private Wealth LLC now owns 13,833 shares of the company’s stock valued at $1,424,000 after acquiring an additional 1,030 shares in the last quarter. Finally, Clarius Group LLC raised its holdings in shares of Ferguson by 11.7% in the third quarter. Clarius Group LLC now owns 2,259 shares of the company’s stock valued at $233,000 after acquiring an additional 236 shares in the last quarter. 52.19% of the stock is owned by hedge funds and other institutional investors.

Ferguson Stock Performance

FERG opened at $139.08 on Friday. Ferguson plc has a 52-week low of $99.16 and a 52-week high of $173.66. The company has a quick ratio of 1.01, a current ratio of 1.84 and a debt-to-equity ratio of 0.91. The company has a market cap of $31.30 billion, a P/E ratio of 13.87 and a beta of 1.21. The firm’s 50-day moving average price is $124.40 and its 200-day moving average price is $117.80.

Ferguson Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, February 3rd. Stockholders of record on Friday, December 16th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, December 15th. This represents a dividend yield of 2.8%. Ferguson’s dividend payout ratio (DPR) is currently 34.90%.

Analyst Upgrades and Downgrades

FERG has been the subject of several recent research reports. Truist Financial lifted their price objective on Ferguson from $130.00 to $138.00 in a report on Thursday, December 8th. Robert W. Baird lifted their price objective on Ferguson from $140.00 to $155.00 in a report on Wednesday, December 7th. Zelman & Associates started coverage on shares of Ferguson in a report on Thursday, December 1st. They issued a “buy” rating for the company. TheStreet upgraded shares of Ferguson from a “d+” rating to a “c-” rating in a report on Friday, November 18th. Finally, Barclays boosted their target price on shares of Ferguson from $148.00 to $159.00 in a report on Wednesday, December 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $8,448.82.

Ferguson Company Profile

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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.

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Institutional Ownership by Quarter for Ferguson (NASDAQ:FERG)

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