Interval Partners LP Sells 32,693 Shares of Ferguson plc $FERG

Interval Partners LP trimmed its position in shares of Ferguson plc (NYSE:FERG) by 12.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 230,438 shares of the company’s stock after selling 32,693 shares during the quarter. Ferguson accounts for 0.8% of Interval Partners LP’s investment portfolio, making the stock its 22nd largest holding. Interval Partners LP’s holdings in Ferguson were worth $51,752,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Ferguson in the 2nd quarter valued at $395,401,000. Franklin Resources Inc. raised its holdings in Ferguson by 39.3% during the second quarter. Franklin Resources Inc. now owns 4,255,661 shares of the company’s stock worth $926,830,000 after buying an additional 1,201,493 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Ferguson by 22.4% in the third quarter. Wellington Management Group LLP now owns 3,734,911 shares of the company’s stock valued at $838,786,000 after buying an additional 682,666 shares in the last quarter. Egerton Capital UK LLP lifted its stake in shares of Ferguson by 16.4% in the third quarter. Egerton Capital UK LLP now owns 2,600,224 shares of the company’s stock valued at $583,958,000 after buying an additional 366,898 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in shares of Ferguson by 89.5% during the second quarter. Artisan Partners Limited Partnership now owns 759,687 shares of the company’s stock valued at $165,422,000 after buying an additional 358,853 shares during 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 company has a fifty day moving average price of $248.85 and a 200-day moving average price of $240.38. The firm has a market cap of $43.19 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 1.77 and a beta of 1.17. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.88 and a quick ratio of 1.01. Ferguson plc has a 1 year low of $146.00 and a 1 year high of $271.64.

Ferguson (NYSE:FERG) last released 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 net margin of 6.93% and a return on equity of 40.37%. During the same quarter in the prior year, the business earned $1.52 EPS. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year.

Ferguson Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, March 6th. Ferguson’s dividend payout ratio is 35.96%.

Analysts Set New Price Targets

FERG has been the subject of several recent research reports. Wells Fargo & Company boosted their target price on shares of Ferguson from $280.00 to $285.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Royal Bank Of Canada raised their price target on shares of Ferguson from $247.00 to $271.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. Robert W. Baird lifted their price target on Ferguson from $262.00 to $265.00 and gave the company an “outperform” rating in a research note on Wednesday, December 10th. Oppenheimer boosted their price objective on Ferguson from $255.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Finally, Wall Street Zen downgraded Ferguson from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $268.93.

Ferguson News Roundup

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 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.