Raymond James & Associates Purchases 21,841 Shares of Ferguson plc (NASDAQ:FERG)

Raymond James & Associates increased its stake in shares of Ferguson plc (NASDAQ:FERGFree Report) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 215,306 shares of the company’s stock after purchasing an additional 21,841 shares during the period. Raymond James & Associates owned approximately 0.11% of Ferguson worth $41,569,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FERG. Milestone Investment Advisors LLC acquired a new position in Ferguson in the first quarter valued at about $38,000. Resurgent Financial Advisors LLC acquired a new position in shares of Ferguson during the fourth quarter worth about $47,000. Huntington National Bank acquired a new position in shares of Ferguson during the second quarter worth about $52,000. Lindbrook Capital LLC boosted its position in shares of Ferguson by 150.0% during the third quarter. Lindbrook Capital LLC now owns 320 shares of the company’s stock worth $53,000 after buying an additional 192 shares during the period. Finally, Operose Advisors LLC acquired a new position in shares of Ferguson during the third quarter worth about $53,000. 81.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wells Fargo & Company upgraded Ferguson from an “equal weight” rating to an “overweight” rating in a report on Thursday, January 4th. Raymond James lowered Ferguson from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Ferguson presently has a consensus rating of “Moderate Buy” and an average target price of $166.50.

View Our Latest Analysis on Ferguson

Ferguson Trading Down 0.2 %

Shares of NASDAQ:FERG opened at $218.47 on Friday. The company has a market capitalization of $44.31 billion, a P/E ratio of 25.40, a P/E/G ratio of 9.16 and a beta of 1.27. Ferguson plc has a 1 year low of $123.17 and a 1 year high of $222.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 0.97. The business’s 50 day simple moving average is $202.24 and its 200 day simple moving average is $180.97.

Ferguson (NASDAQ:FERGGet Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.08). The company had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.72 billion. Ferguson had a return on equity of 37.99% and a net margin of 6.00%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.91 EPS. On average, research analysts anticipate that Ferguson plc will post 9.66 EPS for the current fiscal year.

Ferguson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.79 per share. The ex-dividend date is Thursday, March 14th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.45%. Ferguson’s payout ratio is presently 36.74%.

About Ferguson

(Free Report)

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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