30,784 Shares in Ferguson plc $FERG Bought by Sienna Gestion

Sienna Gestion acquired a new stake in Ferguson plc (NYSE:FERG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,784 shares of the company’s stock, valued at approximately $6,303,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Planning Group LLC boosted its position in shares of Ferguson by 178.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 128 shares of the company’s stock valued at $31,000 after purchasing an additional 82 shares during the period. True Wealth Design LLC lifted its stake in Ferguson by 145.3% in the second quarter. True Wealth Design LLC now owns 130 shares of the company’s stock valued at $28,000 after buying an additional 77 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Ferguson in the third quarter valued at approximately $43,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Ferguson by 21.7% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 292 shares of the company’s stock valued at $66,000 after acquiring an additional 52 shares during the period. Finally, CX Institutional grew its position in shares of Ferguson by 9,900.0% during the third quarter. CX Institutional now owns 300 shares of the company’s stock worth $67,000 after acquiring an additional 297 shares during the last quarter. Institutional investors and hedge funds own 81.98% of the company’s stock.

Analyst Upgrades and Downgrades

FERG has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Ferguson in a report on Tuesday, January 6th. UBS Group raised their price objective on shares of Ferguson from $220.00 to $252.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Ferguson in a research note on Thursday, January 22nd. Oppenheimer upped their target price on shares of Ferguson from $255.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $300.00 target price on shares of Ferguson in a research note on Tuesday, February 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ferguson has an average rating of “Moderate Buy” and a consensus target price of $262.62.

Ferguson Trading Down 3.9%

Shares of FERG stock opened at $230.52 on Monday. The business’s fifty day moving average price is $248.66 and its 200 day moving average price is $240.69. Ferguson plc has a 1-year low of $146.00 and a 1-year high of $271.64. The firm has a market capitalization of $44.84 billion, a PE ratio of 23.28 and a beta of 1.17. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.88 and a quick ratio of 1.01.

Ferguson (NYSE:FERG) last released its earnings results on Tuesday, February 24th. The company reported $1.99 EPS for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.25). Ferguson had a net margin of 6.93% and a return on equity of 40.37%. During the same period last year, the company posted $1.52 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis.

Ferguson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, March 6th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, March 6th. Ferguson’s dividend payout ratio is presently 35.96%.

Ferguson Company Profile

Ferguson (NYSE: FERG) is a multinational distributor specializing in plumbing and heating products and related building supplies, serving professional contractors, builders and industrial customers. The company supplies a broad range of products used in residential, commercial and infrastructure projects, including pipes and fittings, valves and controls, HVAC equipment, waterworks materials, plumbing fixtures, pumps and accessories, as well as complementary electrical and specialty product lines.

Ferguson operates a network of branches and distribution centers that provide inventory, logistics and value-added services to trade customers.