10,931 Shares in Ferguson plc $FERG Acquired by 111 Capital

111 Capital acquired a new position in Ferguson plc (NASDAQ:FERG) in the 2nd quarter, Holdings Channel reports. The firm acquired 10,931 shares of the company’s stock, valued at approximately $2,380,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Grove Bank & Trust lifted its stake in Ferguson by 247.4% during the first quarter. Grove Bank & Trust now owns 198 shares of the company’s stock worth $32,000 after purchasing an additional 141 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in Ferguson by 56.5% during the first quarter. TD Private Client Wealth LLC now owns 205 shares of the company’s stock worth $33,000 after purchasing an additional 74 shares in the last quarter. Brooklyn Investment Group lifted its stake in Ferguson by 103.6% during the first quarter. Brooklyn Investment Group now owns 226 shares of the company’s stock worth $36,000 after purchasing an additional 115 shares in the last quarter. Fifth Third Bancorp lifted its stake in Ferguson by 230.8% during the second quarter. Fifth Third Bancorp now owns 172 shares of the company’s stock worth $37,000 after purchasing an additional 120 shares in the last quarter. Finally, Maseco LLP acquired a new position in Ferguson during the second quarter worth $40,000. 81.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FERG has been the topic of a number of research reports. Truist Financial upped their price target on Ferguson from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. JPMorgan Chase & Co. upped their price target on Ferguson from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, September 4th. Oppenheimer upped their price target on Ferguson from $235.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. Royal Bank Of Canada increased their price objective on Ferguson from $231.00 to $243.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Finally, The Goldman Sachs Group started coverage on Ferguson in a research note on Wednesday, June 18th. They issued a “buy” rating and a $280.00 price objective on the stock. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ferguson presently has an average rating of “Moderate Buy” and an average target price of $235.71.

Ferguson Stock Performance

NASDAQ:FERG opened at $231.93 on Friday. The firm has a market capitalization of $45.49 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 1.69 and a beta of 1.15. The business’s fifty day moving average price is $228.25 and its 200 day moving average price is $202.64. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. Ferguson plc has a 12 month low of $146.00 and a 12 month high of $243.40.

Ferguson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, September 26th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, September 26th. Ferguson’s dividend payout ratio is 35.55%.

About Ferguson

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.