Ferguson plc (NASDAQ:FERG) Shares Bought by RNC Capital Management LLC

RNC Capital Management LLC boosted its holdings in shares of Ferguson plc (NASDAQ:FERG) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,941 shares of the company’s stock after buying an additional 634 shares during the quarter. RNC Capital Management LLC’s holdings in Ferguson were worth $6,360,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Financial Advocates Investment Management increased its position in shares of Ferguson by 3.6% in the 3rd quarter. Financial Advocates Investment Management now owns 1,943 shares of the company’s stock valued at $320,000 after purchasing an additional 68 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in shares of Ferguson by 5.2% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,644 shares of the company’s stock valued at $270,000 after purchasing an additional 82 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Ferguson by 12.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 752 shares of the company’s stock valued at $94,000 after purchasing an additional 83 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Ferguson by 0.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 17,308 shares of the company’s stock valued at $2,847,000 after purchasing an additional 91 shares during the last quarter. Finally, SkyView Investment Advisors LLC increased its position in shares of Ferguson by 3.9% in the 2nd quarter. SkyView Investment Advisors LLC now owns 2,670 shares of the company’s stock valued at $420,000 after purchasing an additional 100 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Ferguson Trading Down 0.2 %

Shares of Ferguson stock opened at $218.95 on Thursday. Ferguson plc has a 1 year low of $123.17 and a 1 year high of $222.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 1.80. The company has a market capitalization of $44.41 billion, a P/E ratio of 23.43, a PEG ratio of 9.16 and a beta of 1.27. The company’s fifty day moving average is $201.66 and its two-hundred day moving average is $180.71.

Ferguson (NASDAQ:FERG) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.08). Ferguson had a return on equity of 37.99% and a net margin of 6.00%. The business had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.72 billion. During the same period in the previous year, the business posted $1.91 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts forecast that Ferguson plc will post 9.66 earnings per share for the current year.

Ferguson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Friday, March 15th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.44%. The ex-dividend date is Thursday, March 14th. Ferguson’s payout ratio is currently 36.74%.

Analyst Ratings Changes

FERG has been the topic of a number of recent analyst reports. Raymond James downgraded shares of Ferguson from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. Wells Fargo & Company raised shares of Ferguson from an “equal weight” rating to an “overweight” rating in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $166.50.

Ferguson 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.