MassMutual Private Wealth & Trust FSB Sells 51 Shares of Ferguson plc $FERG

MassMutual Private Wealth & Trust FSB cut its stake in shares of Ferguson plc (NASDAQ:FERG) by 17.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 240 shares of the company’s stock after selling 51 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Ferguson were worth $52,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. US Bancorp DE raised its stake in shares of Ferguson by 0.8% during the 1st quarter. US Bancorp DE now owns 7,394 shares of the company’s stock worth $1,185,000 after purchasing an additional 59 shares during the period. Compound Planning Inc. raised its stake in shares of Ferguson by 4.6% during the 1st quarter. Compound Planning Inc. now owns 1,386 shares of the company’s stock worth $222,000 after purchasing an additional 61 shares during the period. Mission Wealth Management LP raised its stake in shares of Ferguson by 2.2% during the 1st quarter. Mission Wealth Management LP now owns 3,050 shares of the company’s stock worth $489,000 after purchasing an additional 67 shares during the period. James Hambro & Partners LLP raised its stake in shares of Ferguson by 1.1% during the 1st quarter. James Hambro & Partners LLP now owns 6,311 shares of the company’s stock worth $1,011,000 after purchasing an additional 70 shares during the period. Finally, TD Private Client Wealth LLC raised its stake in shares of Ferguson by 56.5% during the 1st quarter. TD Private Client Wealth LLC now owns 205 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares during the period. 81.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on Ferguson from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, September 4th. Oppenheimer lifted their price objective on Ferguson from $235.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday. Truist Financial lifted their price objective on Ferguson from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday. Royal Bank Of Canada lifted their price objective on Ferguson from $231.00 to $243.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Morgan Stanley reissued an “overweight” rating on shares of Ferguson in a report on Wednesday, September 10th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Ferguson presently has a consensus rating of “Moderate Buy” and an average target price of $235.71.

Ferguson Stock Performance

Shares of NASDAQ FERG opened at $229.33 on Friday. The stock has a market cap of $45.22 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 1.69 and a beta of 1.15. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. The firm has a fifty day moving average price of $226.91 and a 200-day moving average price of $198.30. Ferguson plc has a 1 year low of $146.00 and a 1 year high of $243.40.

Ferguson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, September 26th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $3.32 dividend on an annualized basis and a yield of 1.4%. Ferguson’s dividend payout ratio is presently 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.