SeaBridge Investment Advisors LLC Purchases 212 Shares of Ferguson plc (NASDAQ:FERG)

SeaBridge Investment Advisors LLC increased its holdings in Ferguson plc (NASDAQ:FERG) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,662 shares of the company’s stock after purchasing an additional 212 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Ferguson were worth $2,892,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FERG. Asset Dedication LLC bought a new stake in shares of Ferguson in the 3rd quarter worth about $27,000. True Wealth Design LLC grew its position in Ferguson by 1,350.0% in the third quarter. True Wealth Design LLC now owns 145 shares of the company’s stock worth $29,000 after acquiring an additional 135 shares in the last quarter. Berbice Capital Management LLC purchased a new stake in Ferguson during the fourth quarter valued at approximately $35,000. Capital Performance Advisors LLP bought a new stake in shares of Ferguson in the 3rd quarter valued at approximately $37,000. Finally, Peterson Financial Group Inc. purchased a new position in shares of Ferguson in the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 81.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FERG shares. Citigroup decreased their price target on Ferguson from $221.00 to $189.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Robert W. Baird dropped their price target on shares of Ferguson from $230.00 to $225.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Zelman & Associates downgraded shares of Ferguson from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. Royal Bank of Canada restated an “outperform” rating and set a $219.00 target price on shares of Ferguson in a research report on Wednesday, December 11th. Finally, UBS Group reiterated a “neutral” rating and issued a $193.00 price target (down from $230.00) on shares of Ferguson in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $220.10.

Ferguson Stock Down 0.4 %

Shares of NASDAQ:FERG opened at $181.21 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. The business’s 50 day moving average is $187.04 and its 200 day moving average is $197.29. The stock has a market cap of $36.23 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 1.69 and a beta of 1.24. Ferguson plc has a 52-week low of $167.27 and a 52-week high of $225.63.

Ferguson Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Friday, December 20th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Friday, December 20th. This is a positive change from Ferguson’s previous quarterly dividend of $0.79. This represents a $3.32 dividend on an annualized basis and a yield of 1.83%. Ferguson’s dividend payout ratio is 39.86%.

About Ferguson

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.