Personal CFO Solutions LLC Has $680,000 Holdings in Ferguson plc (NASDAQ:FERG)

Personal CFO Solutions LLC cut its position in Ferguson plc (NASDAQ:FERG) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,917 shares of the company’s stock after selling 503 shares during the period. Personal CFO Solutions LLC’s holdings in Ferguson were worth $680,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of FERG. Principal Financial Group Inc. raised its stake in shares of Ferguson by 32.5% during the third quarter. Principal Financial Group Inc. now owns 32,025 shares of the company’s stock worth $6,359,000 after buying an additional 7,862 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of Ferguson during the 3rd quarter worth approximately $970,000. Clean Yield Group raised its stake in shares of Ferguson by 27.1% during the 4th quarter. Clean Yield Group now owns 25,959 shares of the company’s stock worth $4,506,000 after purchasing an additional 5,534 shares in the last quarter. Eagle Asset Management Inc. grew its holdings in Ferguson by 79.6% during the third quarter. Eagle Asset Management Inc. now owns 646,954 shares of the company’s stock worth $134,217,000 after purchasing an additional 286,691 shares during the period. Finally, Entropy Technologies LP increased its holdings in shares of Ferguson by 66.2% in the third quarter. Entropy Technologies LP now owns 51,647 shares of the company’s stock valued at $10,256,000 after purchasing an additional 20,580 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on FERG. Citigroup cut their price target on Ferguson from $221.00 to $189.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Robert W. Baird decreased their target price on shares of Ferguson from $230.00 to $225.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Zelman & Associates downgraded shares of Ferguson from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Morgan Stanley began coverage on Ferguson in a report on Monday, February 3rd. They issued an “overweight” rating and a $204.00 target price on the stock. Finally, Wells Fargo & Company decreased their target price on Ferguson from $215.00 to $205.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $217.73.

Ferguson Trading Up 0.7 %

NASDAQ FERG opened at $168.15 on Monday. Ferguson plc has a one year low of $163.01 and a one year high of $225.63. The company’s 50-day simple moving average is $177.38 and its two-hundred day simple moving average is $191.81. The company has a market capitalization of $33.62 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 1.69 and a beta of 1.28. 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 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 given a dividend of $0.83 per share. The ex-dividend date of this dividend 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 yield of 1.97%. Ferguson’s payout ratio is currently 39.86%.

Ferguson 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.