New York Life Investment Management LLC Acquires Shares of 3,440 Ferguson plc (NASDAQ:FERG)

New York Life Investment Management LLC bought a new position in shares of Ferguson plc (NASDAQ:FERG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,440 shares of the company’s stock, valued at approximately $664,000.

A number of other hedge funds have also recently made changes to their positions in the stock. McGlone Suttner Wealth Management Inc. bought a new position in Ferguson in the 4th quarter worth about $29,000. CVA Family Office LLC purchased a new position in Ferguson during the 4th quarter worth $31,000. Private Trust Co. NA raised its position in Ferguson by 146.1% during the 4th quarter. Private Trust Co. NA now owns 187 shares of the company’s stock valued at $36,000 after purchasing an additional 111 shares in the last quarter. Milestone Investment Advisors LLC purchased a new stake in shares of Ferguson in the 3rd quarter worth $47,000. Finally, Park Place Capital Corp increased its stake in shares of Ferguson by 2,291.7% during the fourth quarter. Park Place Capital Corp now owns 287 shares of the company’s stock valued at $55,000 after buying an additional 275 shares during the period. 81.98% of the stock is currently owned by institutional investors.

Ferguson Stock Up 0.3 %

Shares of Ferguson stock opened at $219.53 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 0.97. The stock has a market cap of $44.52 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 9.13 and a beta of 1.27. The firm’s 50-day moving average is $213.43 and its two-hundred day moving average is $192.31. Ferguson plc has a 1 year low of $141.47 and a 1 year high of $224.86.

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). The business had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.72 billion. Ferguson had a net margin of 6.00% and a return on equity of 37.99%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.91 earnings per share. As a group, research analysts expect that Ferguson plc will post 9.66 earnings per share for the current fiscal year.

Ferguson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Friday, March 15th were issued a $0.79 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.16 dividend on an annualized basis and a yield of 1.44%. Ferguson’s dividend payout ratio is presently 36.74%.

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.