Ferguson plc $FERG Shares Acquired by Mcdonald Partners LLC

Mcdonald Partners LLC boosted its position in Ferguson plc (NYSE:FERG) by 84.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 9,085 shares of the company’s stock after purchasing an additional 4,150 shares during the period. Mcdonald Partners LLC’s holdings in Ferguson were worth $2,040,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ferguson by 23.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,262 shares of the company’s stock valued at $2,445,000 after acquiring an additional 2,940 shares during the last quarter. Caxton Associates LLP acquired a new position in Ferguson during the first quarter valued at $310,000. Focus Partners Wealth grew its position in Ferguson by 22.7% during the 1st quarter. Focus Partners Wealth now owns 3,140 shares of the company’s stock worth $503,000 after purchasing an additional 581 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Ferguson during the 2nd quarter valued at about $257,000. Finally, Arkadios Wealth Advisors acquired a new position in shares of Ferguson in the 2nd quarter valued at about $238,000. 81.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. UBS Group raised their target price on Ferguson from $220.00 to $252.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Wall Street Zen downgraded shares of Ferguson from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Robert W. Baird boosted their price target on Ferguson from $262.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 10th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferguson in a research report on Tuesday, January 6th. Finally, Truist Financial upped their price objective on Ferguson from $260.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Two equities research 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $262.62.

Ferguson Price Performance

Shares of NYSE FERG opened at $247.90 on Wednesday. The stock’s 50-day simple moving average is $248.10 and its 200-day simple moving average is $240.53. The firm has a market capitalization of $48.22 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 2.12 and a beta of 1.17. Ferguson plc has a fifty-two week low of $146.00 and a fifty-two week high of $271.64. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.88.

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

Ferguson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Friday, March 6th will be given a dividend of $0.89 per share. The ex-dividend date is Friday, March 6th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.4%. Ferguson’s payout ratio is 35.96%.

About Ferguson

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.