Curated Wealth Partners LLC Sells 103 Shares of Ferguson plc $FERG

Curated Wealth Partners LLC trimmed its stake in Ferguson plc (NYSE:FERG) by 1.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,393 shares of the company’s stock after selling 103 shares during the period. Curated Wealth Partners LLC’s holdings in Ferguson were worth $1,174,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FERG. Harbour Investments Inc. lifted its position in Ferguson by 61.3% in the second quarter. Harbour Investments Inc. now owns 242 shares of the company’s stock worth $53,000 after buying an additional 92 shares during the last quarter. Sagespring Wealth Partners LLC bought a new stake in shares of Ferguson in the 2nd quarter worth about $476,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Ferguson by 53.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,694 shares of the company’s stock worth $804,000 after acquiring an additional 1,282 shares during the last quarter. LRI Investments LLC lifted its stake in Ferguson by 42.4% in the second quarter. LRI Investments LLC now owns 410 shares of the company’s stock worth $89,000 after purchasing an additional 122 shares during the last quarter. Finally, Alta Advisers Ltd bought a new stake in Ferguson in the second quarter worth about $232,000. 81.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on FERG shares. UBS Group raised their price objective on shares of Ferguson from $204.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 17th. Morgan Stanley reissued an “overweight” rating on shares of Ferguson in a research note on Wednesday, September 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ferguson in a research report on Wednesday, October 8th. Wall Street Zen downgraded Ferguson from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Barclays lifted their price objective on shares of Ferguson from $247.00 to $273.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $235.71.

Ferguson Price Performance

FERG stock opened at $240.05 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 0.94. The company has a 50-day moving average price of $229.59. The company has a market capitalization of $47.09 billion, a P/E ratio of 25.70, a P/E/G ratio of 1.93 and a beta of 1.17. Ferguson plc has a 1-year low of $146.00 and a 1-year high of $243.40.

Ferguson (NYSE:FERG) last released its quarterly earnings data on Tuesday, September 16th. The company reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.48. Ferguson had a return on equity of 35.21% and a net margin of 6.03%.The firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.44 billion.

Ferguson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, September 26th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, September 26th. Ferguson’s payout ratio is presently 35.55%.

Ferguson Company Profile

Ferguson Enterprises Inc distributes plumbing and heating products in North America. The company provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, and fabrication, as well as heating, ventilation, and air conditioning (HVAC) to residential and non-residential customers.