Perigon Wealth Management LLC Raises Stock Holdings in Ferguson plc (NASDAQ:FERG)

Perigon Wealth Management LLC boosted its holdings in Ferguson plc (NASDAQ:FERG) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,513 shares of the company’s stock after purchasing an additional 111 shares during the period. Perigon Wealth Management LLC’s holdings in Ferguson were worth $292,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Cerity Partners LLC purchased a new position in Ferguson in the fourth quarter valued at about $286,000. GHP Investment Advisors Inc. lifted its holdings in Ferguson by 37.6% during the 4th quarter. GHP Investment Advisors Inc. now owns 30,707 shares of the company’s stock worth $5,929,000 after buying an additional 8,395 shares during the last quarter. Custom Index Systems LLC bought a new position in Ferguson during the 4th quarter worth approximately $488,000. Applied Capital LLC FL lifted its holdings in Ferguson by 3.3% during the 4th quarter. Applied Capital LLC FL now owns 6,913 shares of the company’s stock worth $1,335,000 after buying an additional 219 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in Ferguson by 8.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,220 shares of the company’s stock worth $429,000 after buying an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 81.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FERG has been the topic of a number of research analyst reports. Raymond James downgraded Ferguson from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. Wells Fargo & Company raised Ferguson from an “equal weight” rating to an “overweight” rating in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.50.

Ferguson Trading Up 0.2 %

Shares of NASDAQ FERG opened at $215.41 on Wednesday. The company has a market cap of $43.69 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 8.98 and a beta of 1.27. Ferguson plc has a 12-month low of $130.09 and a 12-month high of $224.86. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. The stock’s 50 day simple moving average is $209.81 and its 200 day simple moving average is $187.10.

Ferguson (NASDAQ:FERG) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.08). The company had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.72 billion. Ferguson had a return on equity of 37.99% and a net margin of 6.00%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the business posted $1.91 EPS. Equities research analysts expect that Ferguson plc will post 9.66 EPS for the current year.

Ferguson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Friday, March 15th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Thursday, March 14th. Ferguson’s dividend payout ratio (DPR) is 36.74%.

Ferguson Company 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.