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

Scott Capital Advisors LLC trimmed its position in Ferguson plc (NASDAQ:FERG) by 10.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Frank Rimerman Advisors LLC increased its holdings in shares of 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 purchasing an additional 57 shares during the last quarter. Mayflower Financial Advisors LLC increased its holdings in shares of 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 purchasing an additional 61 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of 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 purchasing an additional 86 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of 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 purchasing an additional 92 shares during the last quarter. Finally, Commerce Bank increased its holdings in shares of Ferguson by 3.8% in the third quarter. Commerce Bank now owns 2,666 shares of the company’s stock worth $529,000 after purchasing an additional 97 shares during the last quarter. 81.98% of the stock is owned by institutional investors.

Ferguson Stock Up 0.6 %

Shares of NASDAQ FERG opened at $177.50 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.68. The firm has a market capitalization of $35.49 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.60 and a beta of 1.24. The stock has a 50 day moving average price of $191.58 and a 200 day moving average price of $198.23. 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. This is an increase from Ferguson’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Friday, December 20th. This represents a $3.32 dividend on an annualized basis and a yield of 1.87%. Ferguson’s payout ratio is 39.86%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Citigroup reduced their price objective on Ferguson from $221.00 to $189.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Berenberg Bank boosted their price objective on Ferguson from $224.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company reduced their price objective on Ferguson from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Robert W. Baird dropped their target price on Ferguson from $230.00 to $225.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Finally, Bank of America upgraded Ferguson from an “underperform” rating to a “buy” rating and boosted their target price for the company from $185.00 to $225.00 in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $220.10.

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.