IFM Investors Pty Ltd Purchases 1,204 Shares of Ferguson plc $FERG

IFM Investors Pty Ltd increased its position in shares of Ferguson plc (NASDAQ:FERG) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,155 shares of the company’s stock after acquiring an additional 1,204 shares during the period. IFM Investors Pty Ltd’s holdings in Ferguson were worth $9,179,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Tidal Investments LLC grew its stake in Ferguson by 9.4% in the 4th quarter. Tidal Investments LLC now owns 4,662 shares of the company’s stock worth $809,000 after buying an additional 400 shares in the last quarter. Woodline Partners LP purchased a new position in Ferguson in the 4th quarter worth approximately $11,443,000. Waverly Advisors LLC grew its stake in Ferguson by 71.7% in the 4th quarter. Waverly Advisors LLC now owns 2,804 shares of the company’s stock worth $487,000 after buying an additional 1,171 shares in the last quarter. Vise Technologies Inc. grew its stake in Ferguson by 13.3% in the 4th quarter. Vise Technologies Inc. now owns 5,821 shares of the company’s stock worth $1,010,000 after buying an additional 684 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. purchased a new position in Ferguson in the 4th quarter worth approximately $169,000. Institutional investors own 81.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. The Goldman Sachs Group assumed coverage on shares of Ferguson in a research note on Wednesday, June 18th. They issued a “buy” rating and a $280.00 price target for the company. Wells Fargo & Company upped their price objective on shares of Ferguson from $250.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday. Barclays lifted their target price on shares of Ferguson from $247.00 to $273.00 and gave the stock an “overweight” rating in a research report on Thursday. UBS Group upped their price target on shares of Ferguson from $204.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Robert W. Baird upped their price target on shares of Ferguson from $260.00 to $262.00 and gave the company an “outperform” rating in a research report on Wednesday. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $235.71.

Ferguson Trading Up 0.1%

Shares of FERG opened at $229.33 on Friday. The stock has a market capitalization of $45.22 billion, a P/E ratio of 27.53, a PEG ratio of 1.69 and a beta of 1.15. 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 firm has a fifty day simple moving average of $226.91 and a two-hundred day simple moving average of $198.11. Ferguson plc has a twelve month low of $146.00 and a twelve month high of $243.40.

Ferguson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, September 26th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $3.32 annualized dividend and a yield of 1.4%. Ferguson’s dividend payout ratio is presently 35.55%.

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.