Weekly Research Analysts’ Ratings Updates for Ferguson (FERG)

Posted by Lauren Steadman on Dec 24th, 2024

A number of research firms have changed their ratings and price targets for Ferguson (NASDAQ: FERG):

12/17/2024 – Ferguson had its price target lowered by analysts at Wells Fargo & Company from $220.00 to $215.00. They now have an “overweight” rating on the stock.
12/12/2024 – Ferguson had its price target lowered by analysts at Barclays PLC from $245.00 to $234.00. They now have an “overweight” rating on the stock.
12/11/2024 – Ferguson had its price target lowered by analysts at Wells Fargo & Company from $232.00 to $220.00. They now have an “overweight” rating on the stock.
12/11/2024 – Ferguson had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $219.00 price target on the stock.
12/11/2024 – Ferguson had its price target lowered by analysts at Robert W. Baird from $230.00 to $225.00. They now have an “outperform” rating on the stock.
12/11/2024 – Ferguson had its price target raised by analysts at Berenberg Bank from $224.00 to $240.00. They now have a “buy” rating on the stock.
11/7/2024 – Ferguson had its price target raised by analysts at Wells Fargo & Company from $225.00 to $232.00. They now have an “overweight” rating on the stock.

Ferguson Stock Down 0.9 %

FERG traded down $1.67 during trading on Monday, reaching $176.50. The stock had a trading volume of 1,451,187 shares, compared to its average volume of 1,330,813. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $35.29 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 1.90 and a beta of 1.21. The stock’s 50 day moving average is $202.08 and its two-hundred day moving average is $201.50. Ferguson plc has a one year low of $172.00 and a one year high of $225.63.

Ferguson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 1.88%. This is a positive change from Ferguson’s previous quarterly dividend of $0.79. The ex-dividend date is Friday, December 20th. Ferguson’s dividend payout ratio (DPR) is presently 39.86%.

Insider Transactions at Ferguson

In related news, CAO Richard Winckler sold 1,325 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $201.75, for a total transaction of $267,318.75. Following the completion of the sale, the chief accounting officer now directly owns 1,000 shares in the company, valued at approximately $201,750. The trade was a 56.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Garland Williams sold 1,118 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $201.22, for a total transaction of $224,963.96. Following the sale, the senior vice president now directly owns 1,882 shares of the company’s stock, valued at approximately $378,696.04. The trade was a 37.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,313 shares of company stock valued at $2,477,901 in the last ninety days. 0.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Asset Dedication LLC bought a new position in Ferguson in the 3rd quarter worth approximately $27,000. True Wealth Design LLC lifted its holdings in shares of Ferguson by 1,350.0% in the third quarter. True Wealth Design LLC now owns 145 shares of the company’s stock worth $29,000 after buying an additional 135 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Ferguson during the third quarter worth $37,000. Peterson Financial Group Inc. purchased a new position in Ferguson during the third quarter valued at $39,000. Finally, Reston Wealth Management LLC bought a new stake in Ferguson in the 3rd quarter valued at $40,000. Institutional investors own 81.98% of the company’s stock.

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.