Scott Capital Advisors LLC Sells 200 Shares of Ferguson plc (NASDAQ:FERG)

Scott Capital Advisors LLC reduced its holdings in shares of Ferguson plc (NASDAQ:FERG) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,714 shares of the company’s stock after selling 200 shares during the quarter. Scott Capital Advisors LLC’s holdings in Ferguson were worth $292,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FERG. Frank Rimerman Advisors LLC increased its position in Ferguson by 1.8% in the third quarter. Frank Rimerman Advisors LLC now owns 3,307 shares of the company’s stock worth $657,000 after buying an additional 57 shares during the last quarter. Mayflower Financial Advisors LLC increased its position in Ferguson by 3.2% in the third quarter. Mayflower Financial Advisors LLC now owns 1,952 shares of the company’s stock worth $388,000 after buying an additional 61 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Ferguson by 0.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,834 shares of the company’s stock worth $4,137,000 after buying an additional 86 shares during the last quarter. Farther Finance Advisors LLC increased its position in Ferguson by 33.8% in the third quarter. Farther Finance Advisors LLC now owns 364 shares of the company’s stock worth $72,000 after buying an additional 92 shares during the last quarter. Finally, Commerce Bank increased its position in Ferguson by 3.8% in the third quarter. Commerce Bank now owns 2,666 shares of the company’s stock worth $529,000 after buying an additional 97 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barclays reduced their price target on Ferguson from $234.00 to $211.00 and set an “overweight” rating for the company in a research report on Thursday. Robert W. Baird reduced their price target on Ferguson from $230.00 to $225.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Wells Fargo & Company decreased their target price on Ferguson from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. UBS Group restated a “neutral” rating and issued a $193.00 target price (down from $230.00) on shares of Ferguson in a research note on Wednesday, January 8th. Finally, Citigroup decreased their target price on Ferguson from $221.00 to $189.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ferguson presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.10.

Ferguson Stock Performance

FERG stock opened at $177.50 on Monday. The company has a market cap of $35.49 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24. Ferguson plc has a 1 year low of $167.27 and a 1 year high of $225.63. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. The stock’s fifty day moving average price is $191.58 and its 200-day moving average price is $198.23.

Ferguson Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Friday, December 20th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, December 20th. This is an increase from Ferguson’s previous quarterly dividend of $0.79. This represents a $3.32 annualized dividend and a yield of 1.87%. Ferguson’s payout ratio is 39.86%.

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.