Fiduciary Family Office LLC Takes Position in Ferguson plc $FERG

Fiduciary Family Office LLC bought a new stake in shares of Ferguson plc (NYSE:FERG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 3,794 shares of the company’s stock, valued at approximately $852,000.

Other large investors have also bought and sold shares of the company. True Wealth Design LLC raised its holdings in shares of Ferguson by 145.3% during the second quarter. True Wealth Design LLC now owns 130 shares of the company’s stock valued at $28,000 after purchasing an additional 77 shares during the period. Hemington Wealth Management raised its stake in Ferguson by 51.5% during the 2nd quarter. Hemington Wealth Management now owns 153 shares of the company’s stock worth $33,000 after buying an additional 52 shares during the period. Fifth Third Bancorp raised its stake in Ferguson by 230.8% during the 2nd quarter. Fifth Third Bancorp now owns 172 shares of the company’s stock worth $37,000 after buying an additional 120 shares during the period. Maseco LLP bought a new position in Ferguson in the second quarter worth approximately $40,000. Finally, Quent Capital LLC acquired a new stake in Ferguson in the third quarter valued at approximately $43,000. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FERG. Sanford C. Bernstein reiterated an “outperform” rating on shares of Ferguson in a report on Thursday, January 8th. Jefferies Financial Group upped their price objective on shares of Ferguson from $268.00 to $289.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Wells Fargo & Company raised their price objective on shares of Ferguson from $275.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Barclays boosted their target price on shares of Ferguson from $267.00 to $278.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ferguson in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Ferguson has a consensus rating of “Moderate Buy” and an average target price of $253.00.

Ferguson Stock Performance

Shares of FERG stock opened at $248.81 on Friday. The firm has a 50-day moving average of $237.00 and a 200-day moving average of $232.99. The company has a market cap of $48.65 billion, a P/E ratio of 25.13, a P/E/G ratio of 2.04 and a beta of 1.18. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.88 and a quick ratio of 1.01. Ferguson plc has a one year low of $146.00 and a one year high of $256.93.

Ferguson (NYSE:FERG) last released its quarterly earnings results on Tuesday, December 9th. The company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.07. The business had revenue of $8.17 billion for the quarter. Ferguson had a net margin of 6.28% and a return on equity of 35.73%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.45 earnings per share.

Ferguson Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, January 2nd will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Friday, January 2nd. This is a positive change from Ferguson’s previous quarterly dividend of $0.83. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.4%. Ferguson’s dividend payout ratio (DPR) is 35.96%.

Ferguson Profile

Ferguson (NYSE: FERG) is a multinational distributor specializing in plumbing and heating products and related building supplies, serving professional contractors, builders and industrial customers. The company supplies a broad range of products used in residential, commercial and infrastructure projects, including pipes and fittings, valves and controls, HVAC equipment, waterworks materials, plumbing fixtures, pumps and accessories, as well as complementary electrical and specialty product lines.

Ferguson operates a network of branches and distribution centers that provide inventory, logistics and value-added services to trade customers.