Robeco Institutional Asset Management B.V. Sells 10,485 Shares of Ferguson plc $FERG

Robeco Institutional Asset Management B.V. cut its holdings in shares of Ferguson plc (NYSE:FERG) by 49.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,724 shares of the company’s stock after selling 10,485 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Ferguson were worth $2,335,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Grove Bank & Trust increased its position in shares of Ferguson by 247.4% during the first quarter. Grove Bank & Trust now owns 198 shares of the company’s stock worth $32,000 after acquiring an additional 141 shares in the last quarter. TD Private Client Wealth LLC increased its position in shares of Ferguson by 56.5% during the first quarter. TD Private Client Wealth LLC now owns 205 shares of the company’s stock worth $33,000 after acquiring an additional 74 shares in the last quarter. Brooklyn Investment Group increased its position in shares of Ferguson by 103.6% during the first quarter. Brooklyn Investment Group now owns 226 shares of the company’s stock worth $36,000 after acquiring an additional 115 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Ferguson by 230.8% during the second quarter. Fifth Third Bancorp now owns 172 shares of the company’s stock worth $37,000 after acquiring an additional 120 shares in the last quarter. Finally, Maseco LLP bought a new stake in shares of Ferguson during the second quarter worth about $40,000. 81.98% of the stock is owned by institutional investors.

Ferguson Stock Down 1.4%

FERG opened at $231.29 on Wednesday. The company has a current ratio of 1.68, a quick ratio of 0.94 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $45.37 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 1.93 and a beta of 1.17. Ferguson plc has a twelve month low of $146.00 and a twelve month high of $243.40. The company has a 50-day moving average of $228.50.

Ferguson (NYSE:FERG) last posted its quarterly earnings results on Tuesday, September 16th. The company reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.48. Ferguson had a net margin of 6.03% and a return on equity of 35.21%. The company had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.44 billion.

Ferguson Announces Dividend

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

Analysts Set New Price Targets

FERG has been the subject of several recent research reports. Oppenheimer boosted their target price on shares of Ferguson from $235.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. The Goldman Sachs Group started coverage on shares of Ferguson in a report on Wednesday, June 18th. They set a “buy” rating and a $280.00 price target on the stock. Zacks Research upgraded shares of Ferguson to a “hold” rating in a report on Friday, August 8th. Royal Bank Of Canada boosted their price target on shares of Ferguson from $231.00 to $243.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Finally, Wall Street Zen upgraded shares of Ferguson from a “hold” rating to a “buy” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $235.71.

Ferguson Profile

Ferguson Enterprises Inc distributes plumbing and heating products in North America. The company provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, and fabrication, as well as heating, ventilation, and air conditioning (HVAC) to residential and non-residential customers.