Ferguson (NASDAQ:FERG) Rating Lowered to Hold at Societe Generale

Societe Generale cut shares of Ferguson (NASDAQ:FERGGet Rating) to a hold rating in a report published on Monday, The Fly reports.

Other research analysts also recently issued reports about the stock. Bank of America downgraded shares of Ferguson from a buy rating to a neutral rating in a research report on Wednesday, January 11th. Berenberg Bank boosted their target price on shares of Ferguson from £114 ($138.94) to £128 ($156.00) in a research report on Wednesday, January 11th. Barclays boosted their target price on shares of Ferguson from $148.00 to $159.00 in a research report on Wednesday, December 14th. Morgan Stanley boosted their target price on shares of Ferguson from GBX 9,500 ($115.78) to GBX 9,890 ($120.54) in a research report on Wednesday, December 7th. Finally, Royal Bank of Canada restated an outperform rating on shares of Ferguson in a research report on Wednesday, March 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $8,448.82.

Ferguson Stock Down 0.5 %

FERG stock opened at $134.27 on Monday. Ferguson has a 12 month low of $99.16 and a 12 month high of $155.04. The firm’s fifty day simple moving average is $141.43 and its 200-day simple moving average is $124.72. The company has a quick ratio of 1.01, a current ratio of 1.84 and a debt-to-equity ratio of 0.91.

Ferguson Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 5th. Shareholders of record on Friday, March 17th will be issued a $0.75 dividend. This represents a yield of 2.5%. The ex-dividend date of this dividend is Thursday, March 16th. Ferguson’s payout ratio is currently 30.43%.

Institutional Trading of Ferguson

Institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. lifted its position in shares of Ferguson by 12.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 752 shares of the company’s stock valued at $94,000 after acquiring an additional 83 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Ferguson by 2,120.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 888 shares of the company’s stock valued at $113,000 after acquiring an additional 848 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of Ferguson in the fourth quarter valued at approximately $540,000. Truist Financial Corp lifted its position in shares of Ferguson by 8,606.3% in the fourth quarter. Truist Financial Corp now owns 1,095,685 shares of the company’s stock valued at $139,119,000 after acquiring an additional 1,083,100 shares in the last quarter. Finally, Financial Advocates Investment Management purchased a new position in shares of Ferguson in the fourth quarter valued at approximately $207,000. 52.19% of the stock is owned by institutional investors and hedge funds.

About Ferguson

(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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