Robeco Schweiz AG Has $94.99 Million Stock Holdings in Ferguson plc (NASDAQ:FERG)

Robeco Schweiz AG increased its holdings in shares of Ferguson plc (NASDAQ:FERG) by 5.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 547,260 shares of the company’s stock after purchasing an additional 26,979 shares during the period. Ferguson makes up approximately 2.0% of Robeco Schweiz AG’s holdings, making the stock its 15th largest position. Robeco Schweiz AG owned 0.27% of Ferguson worth $94,988,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Manchester Capital Management LLC raised its holdings in Ferguson by 906.7% in the 4th quarter. Manchester Capital Management LLC now owns 151 shares of the company’s stock valued at $26,000 after acquiring an additional 136 shares in the last quarter. True Wealth Design LLC raised its holdings in Ferguson by 1,350.0% in the 3rd quarter. True Wealth Design LLC now owns 145 shares of the company’s stock valued at $29,000 after acquiring an additional 135 shares in the last quarter. Berbice Capital Management LLC acquired a new position in Ferguson in the 4th quarter valued at approximately $35,000. Capital Performance Advisors LLP acquired a new position in Ferguson in the 3rd quarter valued at approximately $37,000. Finally, Peterson Financial Group Inc. acquired a new position in Ferguson in the 3rd quarter valued at approximately $39,000. Institutional investors and hedge funds own 81.98% of the company’s stock.

Ferguson Trading Up 0.9 %

Shares of NASDAQ FERG opened at $175.96 on Thursday. Ferguson plc has a 1-year low of $167.27 and a 1-year high of $225.63. The company has a market cap of $35.18 billion, a PE ratio of 21.12, a P/E/G ratio of 1.69 and a beta of 1.24. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The company has a 50-day moving average of $178.12 and a two-hundred day moving average of $193.58.

Ferguson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Friday, December 20th were paid a $0.83 dividend. The ex-dividend date was Friday, December 20th. This is an increase from Ferguson’s previous quarterly dividend of $0.79. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.89%. Ferguson’s payout ratio is currently 39.86%.

Analyst Upgrades and Downgrades

FERG has been the subject of several recent research reports. UBS Group reaffirmed a “neutral” rating and issued a $193.00 price target (down previously from $230.00) on shares of Ferguson in a report on Wednesday, January 8th. Bank of America upgraded Ferguson from an “underperform” rating to a “buy” rating and upped their price objective for the company from $185.00 to $225.00 in a research note on Wednesday, January 8th. Morgan Stanley started coverage on Ferguson in a research note on Monday, February 3rd. They issued an “overweight” rating and a $204.00 price objective on the stock. Berenberg Bank upped their price objective on Ferguson from $224.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $219.00 price objective on shares of Ferguson in a research note on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, 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.