RNC Capital Management LLC Acquires 634 Shares of Ferguson plc (NASDAQ:FERG)

RNC Capital Management LLC raised its stake in shares of Ferguson plc (NASDAQ:FERG) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,941 shares of the company’s stock after buying an additional 634 shares during the period. RNC Capital Management LLC’s holdings in Ferguson were worth $6,360,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fiduciary Alliance LLC lifted its holdings in Ferguson by 7.9% in the 4th quarter. Fiduciary Alliance LLC now owns 29,990 shares of the company’s stock worth $5,790,000 after purchasing an additional 2,194 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Ferguson by 98.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 21,383 shares of the company’s stock worth $4,128,000 after buying an additional 10,586 shares during the period. CVA Family Office LLC acquired a new position in Ferguson in the 4th quarter valued at $31,000. Raymond James & Associates raised its holdings in Ferguson by 11.3% in the 4th quarter. Raymond James & Associates now owns 215,306 shares of the company’s stock worth $41,569,000 after acquiring an additional 21,841 shares during the period. Finally, CHICAGO TRUST Co NA lifted its position in Ferguson by 19.0% during the 4th quarter. CHICAGO TRUST Co NA now owns 2,290 shares of the company’s stock worth $442,000 after acquiring an additional 366 shares during the last quarter. Institutional investors and hedge funds own 81.98% of the company’s stock.

Ferguson Stock Down 0.2 %

FERG opened at $218.95 on Thursday. The company has a market capitalization of $44.41 billion, a P/E ratio of 23.43, a P/E/G ratio of 9.16 and a beta of 1.27. 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 firm’s fifty day moving average price is $201.66 and its two-hundred day moving average price is $180.71. Ferguson plc has a fifty-two week low of $123.17 and a fifty-two week high of $222.39.

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

Ferguson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Friday, March 15th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $3.16 annualized dividend and a dividend yield of 1.44%. Ferguson’s dividend payout ratio is currently 36.74%.

Analyst Ratings Changes

FERG has been the subject of several research analyst reports. Wells Fargo & Company raised Ferguson from an “equal weight” rating to an “overweight” rating in a research 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 equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Ferguson currently has a consensus rating of “Moderate Buy” and an average target price of $166.50.

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.