Kintegral Advisory LLC Has $2.71 Million Stock Holdings in Ferguson plc (NASDAQ:FERG)

Kintegral Advisory LLC trimmed its position in Ferguson plc (NASDAQ:FERG) by 4.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,559 shares of the company’s stock after selling 725 shares during the quarter. Kintegral Advisory LLC’s holdings in Ferguson were worth $2,714,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Manchester Capital Management LLC lifted its stake in shares of Ferguson by 906.7% during the fourth quarter. Manchester Capital Management LLC now owns 151 shares of the company’s stock valued at $26,000 after acquiring an additional 136 shares during the period. True Wealth Design LLC raised its holdings in Ferguson by 1,350.0% during the 3rd quarter. True Wealth Design LLC now owns 145 shares of the company’s stock worth $29,000 after purchasing an additional 135 shares during the last quarter. Berbice Capital Management LLC bought a new stake in Ferguson during the 4th quarter worth about $35,000. Capital Performance Advisors LLP acquired a new position in Ferguson during the 3rd quarter valued at about $37,000. Finally, Peterson Financial Group Inc. bought a new position in shares of Ferguson in the 3rd quarter valued at about $39,000. 81.98% of the stock is owned by institutional investors and hedge funds.

Ferguson Stock Performance

FERG stock opened at $175.90 on Friday. Ferguson plc has a 1-year low of $167.27 and a 1-year high of $225.63. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The firm has a market cap of $35.17 billion, a PE ratio of 18.92, a P/E/G ratio of 1.69 and a beta of 1.24. The business’s 50-day moving average price is $178.64 and its two-hundred day moving average price is $194.10.

Ferguson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Friday, December 20th were issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Friday, December 20th. This is a boost from Ferguson’s previous quarterly dividend of $0.79. Ferguson’s payout ratio is 39.86%.

Wall Street Analysts Forecast Growth

FERG has been the subject of a number of recent research reports. 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 initiated coverage on shares of Ferguson in a research report on Monday, February 3rd. They set an “overweight” rating and a $204.00 target price for the company. Berenberg Bank increased their price target on Ferguson from $224.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company decreased their price objective on Ferguson from $215.00 to $205.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Finally, Robert W. Baird dropped their price objective on Ferguson from $230.00 to $225.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $217.73.

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.