Ferguson plc $FERG Stake Cut by TD Asset Management Inc

TD Asset Management Inc decreased its holdings in shares of Ferguson plc (NYSE:FERG) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 380,792 shares of the company’s stock after selling 27,667 shares during the period. TD Asset Management Inc owned about 0.19% of Ferguson worth $85,450,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. True Wealth Design LLC boosted its holdings in shares of Ferguson by 145.3% in the 2nd quarter. True Wealth Design LLC now owns 130 shares of the company’s stock valued at $28,000 after buying an additional 77 shares during the period. Cornerstone Planning Group LLC boosted its stake in Ferguson by 178.3% in the third quarter. Cornerstone Planning Group LLC now owns 128 shares of the company’s stock valued at $31,000 after acquiring an additional 82 shares during the period. Quent Capital LLC bought a new position in shares of Ferguson during the third quarter valued at approximately $43,000. AdvisorShares Investments LLC acquired a new stake in shares of Ferguson during the 2nd quarter worth approximately $58,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Ferguson by 81.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 303 shares of the company’s stock worth $66,000 after purchasing an additional 136 shares during the last quarter. 81.98% of the stock is owned by institutional investors and hedge funds.

Ferguson Stock Performance

Shares of FERG opened at $265.10 on Friday. Ferguson plc has a 52-week low of $146.00 and a 52-week high of $271.64. The firm has a market capitalization of $51.84 billion, a PE ratio of 26.78, a P/E/G ratio of 2.11 and a beta of 1.18. The firm has a 50-day moving average price of $246.50 and a 200 day moving average price of $239.77. The company has a quick ratio of 1.01, a current ratio of 1.88 and a debt-to-equity ratio of 0.68.

Ferguson (NYSE:FERG) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $1.99 earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.25). Ferguson had a return on equity of 35.73% and a net margin of 6.28%.During the same quarter last year, the business earned $1.52 earnings per share. The business’s quarterly revenue was up 3.6% on a year-over-year basis.

Ferguson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, March 6th. Ferguson’s dividend payout ratio (DPR) is presently 35.96%.

Wall Street Analyst Weigh In

FERG has been the subject of a number of recent research reports. Wall Street Zen downgraded Ferguson from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Robert W. Baird increased their price objective on shares of Ferguson from $262.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Ferguson from $237.00 to $246.00 and gave the company a “hold” rating in a research note on Thursday, December 11th. Truist Financial raised their price target on shares of Ferguson from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Royal Bank Of Canada lifted their price target on Ferguson from $247.00 to $271.00 and gave the company an “outperform” rating in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $262.62.

Ferguson News Summary

Here are the key news stories impacting Ferguson this week:

• Positive Sentiment: Several major brokers raised their price targets and ratings, signaling renewed buy-side interest: Barclays bumped its target to $295 and kept an overweight stance. Article Title
• Positive Sentiment: Wells Fargo raised its target to $285 and maintained an overweight rating, supporting upside expectations for FERG. Article Title
• Positive Sentiment: Oppenheimer increased its target to $280 with an outperform rating, reinforcing the positive analyst momentum. Article Title
• Positive Sentiment: Management-level strategic targets — a push toward $40B revenue and 10%+ margins — provide a clear long‑term growth/margin story that supports higher valuations. Article Title
• Neutral Sentiment: Several media items reference people and places named “Ferguson” (celebrity and local crime stories) that are unrelated to the company and are unlikely to affect corporate fundamentals. Example coverage: celebrity/epstein-related articles and unrelated local news. Article Title

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.