Livforsakringsbolaget Skandia Omsesidigt Sells 55,876 Shares of Ferguson plc (NASDAQ:FERG)

Livforsakringsbolaget Skandia Omsesidigt trimmed its position in shares of Ferguson plc (NASDAQ:FERG) by 97.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,600 shares of the company’s stock after selling 55,876 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Ferguson were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Frank Rimerman Advisors LLC lifted its position in Ferguson by 1.8% during the third quarter. Frank Rimerman Advisors LLC now owns 3,307 shares of the company’s stock valued at $657,000 after purchasing an additional 57 shares during the last quarter. Mayflower Financial Advisors LLC lifted its holdings in shares of Ferguson by 3.2% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 1,952 shares of the company’s stock valued at $388,000 after acquiring an additional 61 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew 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 acquiring an additional 86 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Ferguson by 33.8% during the third quarter. Farther Finance Advisors LLC now owns 364 shares of the company’s stock worth $72,000 after acquiring an additional 92 shares during the last quarter. Finally, Caprock Group LLC raised its position in Ferguson by 2.8% during the fourth quarter. Caprock Group LLC now owns 3,496 shares of the company’s stock valued at $610,000 after purchasing an additional 94 shares during the period. 81.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FERG has been the topic of several recent research reports. UBS Group restated a “neutral” rating and set a $193.00 price target (down previously from $230.00) on shares of Ferguson in a report on Wednesday, January 8th. Zelman & Associates downgraded Ferguson from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 17th. Citigroup reduced their price target on shares of Ferguson from $221.00 to $189.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $219.00 price objective on shares of Ferguson in a research report on Wednesday, December 11th. Finally, 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. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $217.73.

Ferguson Stock Down 2.8 %

Shares of NASDAQ FERG opened at $177.25 on Friday. Ferguson plc has a 12-month low of $167.27 and a 12-month high of $225.63. The stock’s fifty day simple moving average is $183.74 and its two-hundred day simple moving average is $196.26. The stock has a market capitalization of $35.44 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 1.72 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.

Ferguson Increases Dividend

The business also recently disclosed 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 was Friday, December 20th. This represents a $3.32 dividend on an annualized basis and a yield of 1.87%. This is an increase from Ferguson’s previous quarterly dividend of $0.79. Ferguson’s dividend payout ratio (DPR) is presently 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.