Fiduciary Alliance LLC Trims Holdings in Ferguson plc (NASDAQ:FERG)

Fiduciary Alliance LLC cut its stake in Ferguson plc (NASDAQ:FERGFree Report) by 1.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,504 shares of the company’s stock after selling 486 shares during the quarter. Ferguson makes up approximately 1.1% of Fiduciary Alliance LLC’s investment portfolio, making the stock its 27th largest position. Fiduciary Alliance LLC’s holdings in Ferguson were worth $6,411,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FERG. Norges Bank purchased a new stake in shares of Ferguson during the 4th quarter valued at approximately $988,852,000. Franklin Resources Inc. increased its holdings in shares of Ferguson by 4.6% in the 4th quarter. Franklin Resources Inc. now owns 2,714,113 shares of the company’s stock valued at $524,014,000 after acquiring an additional 118,894 shares during the period. Brown Advisory Inc. increased its holdings in shares of Ferguson by 44.9% in the fourth quarter. Brown Advisory Inc. now owns 2,371,704 shares of the company’s stock valued at $457,905,000 after purchasing an additional 735,270 shares during the period. Cantillon Capital Management LLC boosted its holdings in shares of Ferguson by 58.4% in the fourth quarter. Cantillon Capital Management LLC now owns 1,872,863 shares of the company’s stock valued at $361,594,000 after acquiring an additional 690,643 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Ferguson by 38.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,305,493 shares of the company’s stock valued at $252,052,000 after buying an additional 365,843 shares in 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 several research reports. Barclays lowered their price target on shares of Ferguson from $236.00 to $232.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 5th. Royal Bank of Canada cut their target price on shares of Ferguson from $217.00 to $211.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to data from, Ferguson currently has a consensus rating of “Moderate Buy” and an average price target of $221.50.

Get Our Latest Research Report on FERG

Ferguson Trading Up 0.1 %

Shares of FERG traded up $0.19 during midday trading on Friday, hitting $193.65. The stock had a trading volume of 1,657,065 shares, compared to its average volume of 1,375,091. Ferguson plc has a fifty-two week low of $147.62 and a fifty-two week high of $224.86. The company has a current ratio of 1.68, a quick ratio of 0.94 and a debt-to-equity ratio of 0.64. The firm has a market cap of $39.11 billion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 8.08 and a beta of 1.23. The business has a 50-day simple moving average of $207.31 and a two-hundred day simple moving average of $203.14.

Ferguson (NASDAQ:FERGGet Free Report) last announced its earnings results on Tuesday, June 4th. The company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. Ferguson had a return on equity of 36.89% and a net margin of 6.33%. The firm had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.32 billion. During the same quarter in the prior year, the business earned $2.20 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. As a group, equities analysts forecast 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 Wednesday, July 31st. Investors of record on Friday, June 14th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Friday, June 14th. Ferguson’s dividend payout ratio is 34.54%.

About Ferguson

(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.

See Also

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Institutional Ownership by Quarter for Ferguson (NASDAQ:FERG)

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