SeaBridge Investment Advisors LLC Buys 793 Shares of Ferguson plc $FERG

SeaBridge Investment Advisors LLC raised its holdings in shares of Ferguson plc (NASDAQ:FERG) by 4.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 19,218 shares of the company’s stock after buying an additional 793 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in Ferguson were worth $4,185,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Grove Bank & Trust lifted its position in Ferguson by 247.4% during the first quarter. Grove Bank & Trust now owns 198 shares of the company’s stock valued at $32,000 after purchasing an additional 141 shares during the last quarter. Whipplewood Advisors LLC lifted its position in Ferguson by 166.7% during the first quarter. Whipplewood Advisors LLC now owns 208 shares of the company’s stock valued at $33,000 after purchasing an additional 130 shares during the last quarter. TD Private Client Wealth LLC lifted its position in Ferguson by 56.5% during the first quarter. TD Private Client Wealth LLC now owns 205 shares of the company’s stock valued at $33,000 after purchasing an additional 74 shares during the last quarter. Brooklyn Investment Group lifted its position in Ferguson by 103.6% during the first quarter. Brooklyn Investment Group now owns 226 shares of the company’s stock valued at $36,000 after purchasing an additional 115 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in Ferguson by 230.8% during the second quarter. Fifth Third Bancorp now owns 172 shares of the company’s stock valued at $37,000 after purchasing an additional 120 shares during the last quarter. Institutional investors own 81.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on FERG. UBS Group increased their price objective on shares of Ferguson from $204.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, September 17th. Berenberg Bank reiterated a “hold” rating and set a $215.00 price objective on shares of Ferguson in a research report on Thursday, June 5th. The Goldman Sachs Group began coverage on shares of Ferguson in a report on Wednesday, June 18th. They issued a “buy” rating and a $280.00 target price for the company. Wells Fargo & Company raised their target price on shares of Ferguson from $250.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, September 17th. Finally, Morgan Stanley restated an “overweight” rating on shares of Ferguson in a report on Wednesday, September 10th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $235.71.

Ferguson Price Performance

Ferguson stock opened at $225.80 on Friday. The firm has a 50-day moving average price of $227.85 and a 200-day moving average price of $200.28. The firm has a market capitalization of $44.52 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 1.69 and a beta of 1.15. 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 plc has a 12-month low of $146.00 and a 12-month high of $243.40.

Ferguson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, September 26th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, September 26th. Ferguson’s dividend payout ratio (DPR) is currently 35.55%.

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.