Farther Finance Advisors LLC Has $255,000 Stake in Ferguson plc $FERG

Farther Finance Advisors LLC increased its stake in Ferguson plc (NASDAQ:FERGFree Report) by 151.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,173 shares of the company’s stock after purchasing an additional 706 shares during the quarter. Farther Finance Advisors LLC’s holdings in Ferguson were worth $255,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Ferguson by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 19,168,743 shares of the company’s stock worth $3,071,408,000 after purchasing an additional 806,718 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Ferguson by 24.5% in the 1st quarter. Bank of New York Mellon Corp now owns 7,660,299 shares of the company’s stock worth $1,227,410,000 after purchasing an additional 1,506,024 shares during the period. Invesco Ltd. raised its holdings in shares of Ferguson by 13.8% in the 1st quarter. Invesco Ltd. now owns 6,818,800 shares of the company’s stock worth $1,092,576,000 after purchasing an additional 827,355 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Ferguson by 65.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,454,467 shares of the company’s stock worth $713,740,000 after purchasing an additional 1,755,464 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its holdings in shares of Ferguson by 101.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,165,873 shares of the company’s stock worth $667,498,000 after purchasing an additional 2,094,029 shares during the period. Institutional investors own 81.98% of the company’s stock.

Ferguson Stock Down 0.3%

FERG opened at $224.30 on Wednesday. The stock has a market cap of $44.23 billion, a PE ratio of 26.93, a P/E/G ratio of 1.69 and a beta of 1.15. 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 plc has a 52 week low of $146.00 and a 52 week high of $243.40. The business’s fifty day simple moving average is $227.97 and its 200 day simple moving average is $201.52.

Ferguson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, September 26th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, September 26th. Ferguson’s dividend payout ratio is currently 35.55%.

Analyst Upgrades and Downgrades

FERG has been the topic of a number of research reports. Oppenheimer lifted their price target on shares of Ferguson from $235.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Morgan Stanley reissued an “overweight” rating on shares of Ferguson in a report on Wednesday, September 10th. Wells Fargo & Company boosted their target price on shares of Ferguson from $250.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, September 17th. UBS Group boosted their target price on shares of Ferguson from $204.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, September 17th. Finally, Royal Bank Of Canada boosted their target price on shares of Ferguson from $231.00 to $243.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $235.71.

Get Our Latest Stock Report on Ferguson

Ferguson Company Profile

(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.

Further Reading

Institutional Ownership by Quarter for Ferguson (NASDAQ:FERG)

Receive News & Ratings for Ferguson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferguson and related companies with MarketBeat.com's FREE daily email newsletter.