Standard Family Office LLC Makes New $59,000 Investment in Ferguson plc (NASDAQ:FERG)

Standard Family Office LLC purchased a new position in Ferguson plc (NASDAQ:FERG) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 492 shares of the company’s stock, valued at approximately $59,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FERG. Private Capital Group LLC acquired a new stake in shares of Ferguson during the 1st quarter valued at about $57,000. JJJ Advisors Inc. acquired a new stake in shares of Ferguson during the 1st quarter valued at about $65,000. Parallel Advisors LLC acquired a new stake in shares of Ferguson during the 1st quarter valued at about $74,000. Signaturefd LLC acquired a new stake in shares of Ferguson during the 1st quarter valued at about $98,000. Finally, Harbor Investment Advisory LLC acquired a new stake in shares of Ferguson during the 1st quarter valued at about $132,000. Institutional investors own 35.18% of the company’s stock.

FERG has been the subject of several analyst reports. Barclays reissued an “overweight” rating on shares of Ferguson in a report on Thursday, May 20th. Credit Suisse Group reissued a “neutral” rating on shares of Ferguson in a report on Friday, May 21st. Zacks Investment Research raised shares of Ferguson from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a report on Monday, May 24th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Ferguson in a report on Thursday, May 20th. Finally, Oddo Bhf downgraded shares of Ferguson from a “neutral” rating to an “underperform” rating in a report on Wednesday, March 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Ferguson presently has an average rating of “Hold” and a consensus target price of $154.00.

Shares of NASDAQ FERG opened at $136.24 on Friday. Ferguson plc has a 1-year low of $116.70 and a 1-year high of $141.71. The company has a market capitalization of $30.66 billion, a P/E ratio of 20.96, a PEG ratio of 1.44 and a beta of 1.34. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.10 and a current ratio of 1.87. The business has a 50-day moving average of $131.44.

The business also recently announced a semi-annual dividend, which was paid on Tuesday, May 11th. Shareholders of record on Friday, March 26th were paid a $0.729 dividend. This represents a dividend yield of 2.3%. The ex-dividend date was Thursday, March 25th. Ferguson’s dividend payout ratio is presently 22.46%.

Ferguson Profile

Ferguson plc distributes plumbing and heating products in the United States, the United Kingdom, Canada, and Central Europe. It offers plumbing and heating solutions to customers in the residential, municipal, civil and industrial markets, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.

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Institutional Ownership by Quarter for Ferguson (NASDAQ:FERG)

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