Eminence Capital LP Has $151.27 Million Holdings in Ferguson plc $FERG

Eminence Capital LP cut its holdings in shares of Ferguson plc (NYSE:FERG) by 14.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 673,584 shares of the company’s stock after selling 110,031 shares during the quarter. Ferguson accounts for 1.8% of Eminence Capital LP’s holdings, making the stock its 21st largest position. Eminence Capital LP owned 0.34% of Ferguson worth $151,273,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cornerstone Planning Group LLC increased its stake in Ferguson by 178.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 128 shares of the company’s stock worth $31,000 after acquiring an additional 82 shares during the period. Johnson Financial Group Inc. bought a new position in shares of Ferguson in the third quarter worth $34,000. Quent Capital LLC acquired a new position in Ferguson in the third quarter valued at about $43,000. MassMutual Private Wealth & Trust FSB lifted its position in Ferguson by 21.7% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 292 shares of the company’s stock worth $66,000 after purchasing an additional 52 shares during the period. Finally, CX Institutional grew its stake in Ferguson by 9,900.0% during the third quarter. CX Institutional now owns 300 shares of the company’s stock worth $67,000 after buying an additional 297 shares in the last quarter. 81.98% of the stock is currently owned by institutional investors.

Ferguson Stock Performance

NYSE FERG opened at $222.07 on Friday. The stock has a fifty day simple moving average of $248.85 and a 200 day simple moving average of $240.43. Ferguson plc has a twelve month low of $146.00 and a twelve month high of $271.64. The company has a market capitalization of $43.19 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 1.79 and a beta of 1.17. 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 announced its 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 6.93% and a return on equity of 40.37%. Ferguson’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 earnings per share.

Ferguson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, March 6th. Ferguson’s dividend payout ratio is presently 35.96%.

Wall Street Analyst Weigh In

Several research firms have commented on FERG. Royal Bank Of Canada raised their target price on shares of Ferguson from $247.00 to $271.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferguson in a report on Tuesday, January 6th. Wells Fargo & Company lifted their price objective on shares of Ferguson from $280.00 to $285.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Truist Financial upped their target price on Ferguson from $260.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ferguson in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ferguson currently has an average rating of “Moderate Buy” and an average target price of $268.93.

Key Ferguson News

Here are the key news stories impacting Ferguson this week:

• Neutral Sentiment: Rebecca Ferguson (actor) confirms return window for Apple TV+ series “Silo” — entertainment press about the actress, not the company. Collider: Rebecca Ferguson on Silo
• Neutral Sentiment: Multiple outlets report Rebecca Ferguson discussing “Silo” Season 3 and Dune: Part 3 details — actor/entertainment coverage, unrelated to Ferguson plc. AOL: Silo Season 3
• Neutral Sentiment: Rebecca Ferguson appears on late-night TV (Seth Meyers) — celebrity appearance, no corporate link. MSN: Seth Meyers & Rebecca Ferguson
• Neutral Sentiment: Celebrity coverage of Sarah Ferguson (Duchess of York) — various human-interest and controversy stories (public apologies, social ties, living arrangements). These are reputational/celebrity items with no corporate relevance. Yahoo: Sarah Ferguson and Epstein
• Neutral Sentiment: Stories comparing Meghan Markle to Sarah Ferguson and articles about Priscilla Presley and Sarah Ferguson — entertainment/viral coverage, not company news. MSN: Meghan Markle comparison
• Neutral Sentiment: Reports on Sarah Ferguson’s personal comments about other celebrities and alleged tensions with the royal family — tabloid/celebrity reporting, no corporate implications. MSN: Sarah Ferguson on Lisa Marie Presley
• Neutral Sentiment: Sports feature on Brighton’s Evan Ferguson (soccer) — player/club coverage, not related to Ferguson plc’s business. NYT: Evan Ferguson feature

Ferguson Company 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.