Ferguson plc (NASDAQ:FERG) Shares Sold by Personal CFO Solutions LLC

Personal CFO Solutions LLC lowered its stake in shares of Ferguson plc (NASDAQ:FERG) by 11.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,917 shares of the company’s stock after selling 503 shares during the quarter. Personal CFO Solutions LLC’s holdings in Ferguson were worth $680,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Manchester Capital Management LLC boosted its position in Ferguson by 906.7% during the 4th quarter. Manchester Capital Management LLC now owns 151 shares of the company’s stock worth $26,000 after purchasing an additional 136 shares during the period. True Wealth Design LLC lifted its stake in shares of Ferguson by 1,350.0% during the third quarter. True Wealth Design LLC now owns 145 shares of the company’s stock worth $29,000 after purchasing an additional 135 shares in the last quarter. Berbice Capital Management LLC purchased a new stake in shares of Ferguson in the fourth quarter worth about $35,000. Capital Performance Advisors LLP acquired a new stake in shares of Ferguson in the third quarter valued at about $37,000. Finally, Peterson Financial Group Inc. acquired a new position in Ferguson during the 3rd quarter worth approximately $39,000. 81.98% of the stock is currently owned by hedge funds and other institutional investors.

Ferguson Stock Performance

Shares of NASDAQ FERG opened at $168.15 on Monday. The business’s 50-day simple moving average is $177.38 and its 200-day simple moving average is $191.81. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.68. Ferguson plc has a 52 week low of $163.01 and a 52 week high of $225.63. The firm has a market cap of $33.62 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 1.69 and a beta of 1.28.

Ferguson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Friday, December 20th were paid a dividend of $0.83 per share. This is an increase from Ferguson’s previous quarterly dividend of $0.79. The ex-dividend date was Friday, December 20th. This represents a $3.32 annualized dividend and a yield of 1.97%. Ferguson’s dividend payout ratio is presently 39.86%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $219.00 price objective on shares of Ferguson in a research note on Wednesday, December 11th. Wells Fargo & Company dropped their price target on Ferguson from $215.00 to $205.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Bank of America upgraded Ferguson from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $185.00 to $225.00 in a research note on Wednesday, January 8th. Barclays dropped their price objective on shares of Ferguson from $234.00 to $211.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Finally, Zelman & Associates lowered Ferguson from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.73.

Ferguson Company Profile

Ferguson plc distributes plumbing and heating products in the United States and Canada. It offers plumbing and heating solutions to customers in the residential, commercial, civil/infrastructure, and industrial end markets. The company also provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, fabrication, and others, as well as heating, ventilation, and air conditioning products under the Ferguson brand name.