Baird Financial Group Inc. Has $948,000 Stock Position in Ferguson plc (NASDAQ:FERG)

Baird Financial Group Inc. boosted its position in Ferguson plc (NASDAQ:FERGGet Rating) by 71.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,564 shares of the company’s stock after acquiring an additional 3,568 shares during the period. Baird Financial Group Inc.’s holdings in Ferguson were worth $948,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Signaturefd LLC lifted its stake in Ferguson by 9.3% in the 1st quarter. Signaturefd LLC now owns 1,228 shares of the company’s stock valued at $165,000 after purchasing an additional 104 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Ferguson by 8.6% during the first quarter. Quadrant Capital Group LLC now owns 1,480 shares of the company’s stock worth $198,000 after acquiring an additional 117 shares during the last quarter. Assetmark Inc. lifted its position in Ferguson by 6.4% during the second quarter. Assetmark Inc. now owns 1,976 shares of the company’s stock worth $219,000 after acquiring an additional 118 shares during the last quarter. Zions Bancorporation N.A. lifted its position in Ferguson by 12.5% during the first quarter. Zions Bancorporation N.A. now owns 1,372 shares of the company’s stock worth $184,000 after acquiring an additional 152 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its position in Ferguson by 3.5% during the second quarter. Legacy Wealth Asset Management LLC now owns 5,169 shares of the company’s stock worth $572,000 after acquiring an additional 176 shares during the last quarter. 43.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FERG. JPMorgan Chase & Co. cut their price objective on shares of Ferguson from £132 ($155.11) to £125 ($146.89) in a research report on Friday, September 30th. Truist Financial cut their price objective on shares of Ferguson from $140.00 to $130.00 in a research report on Wednesday, September 28th. Finally, Robert W. Baird raised their price objective on shares of Ferguson from $132.00 to $140.00 in a research report on Wednesday, September 28th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $8,091.30.

Ferguson Stock Up 1.3 %

NASDAQ FERG opened at $116.87 on Friday. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. Ferguson plc has a 1-year low of $99.16 and a 1-year high of $183.67. The company has a 50 day moving average of $110.79 and a 200-day moving average of $115.10. The company has a market cap of $26.30 billion, a price-to-earnings ratio of 12.05 and a beta of 1.27.

Ferguson Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 8th. Investors of record on Friday, October 28th will be paid a $1.91 dividend. This represents a yield of 2.6%. This is a boost from Ferguson’s previous semi-annual dividend of $0.84. The ex-dividend date is Thursday, October 27th. Ferguson’s dividend payout ratio (DPR) is 39.38%.

Ferguson Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Ferguson (NASDAQ:FERG)

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