Asset Advisors Investment Management LLC Has $773,000 Stock Holdings in Ferguson plc $FERG

Asset Advisors Investment Management LLC increased its position in Ferguson plc (NASDAQ:FERG) by 44.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,552 shares of the company’s stock after purchasing an additional 1,092 shares during the quarter. Asset Advisors Investment Management LLC’s holdings in Ferguson were worth $773,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FERG. Merit Financial Group LLC grew its position in shares of Ferguson by 160.2% during the 1st quarter. Merit Financial Group LLC now owns 4,244 shares of the company’s stock worth $680,000 after buying an additional 2,613 shares during the period. Whipplewood Advisors LLC grew its position in shares of Ferguson by 166.7% in the 1st 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 period. Gateway Investment Advisers LLC grew its position in shares of Ferguson by 1.5% in the 1st quarter. Gateway Investment Advisers LLC now owns 10,887 shares of the company’s stock valued at $1,744,000 after purchasing an additional 156 shares during the period. Clean Yield Group grew its position in shares of Ferguson by 7.7% in the 1st quarter. Clean Yield Group now owns 27,965 shares of the company’s stock valued at $4,481,000 after purchasing an additional 2,006 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Ferguson by 41.5% in the 1st quarter. Farther Finance Advisors LLC now owns 467 shares of the company’s stock valued at $75,000 after purchasing an additional 137 shares during the period. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FERG has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Ferguson from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, September 4th. Wells Fargo & Company increased their price objective on Ferguson from $250.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, September 17th. Truist Financial increased their price objective on Ferguson from $240.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Robert W. Baird increased their price target on Ferguson from $260.00 to $262.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Finally, Barclays increased their price target on Ferguson from $247.00 to $273.00 and gave the company an “overweight” rating in a research note on Thursday, September 18th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $235.71.

Ferguson Stock Performance

Ferguson stock opened at $231.67 on Friday. Ferguson plc has a 12-month low of $146.00 and a 12-month high of $243.40. 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 business’s 50-day moving average price is $228.09 and its two-hundred day moving average price is $202.16. The stock has a market cap of $45.44 billion, a PE ratio of 27.81, a P/E/G ratio of 1.69 and a beta of 1.15.

Ferguson Dividend Announcement

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