Brokerages Set Ferguson plc (NASDAQ:FERG) PT at $217.07

Ferguson plc (NASDAQ:FERG) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $217.07.

A number of analysts recently weighed in on FERG shares. Royal Bank of Canada upped their price objective on shares of Ferguson from $189.00 to $231.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. Robert W. Baird set a $190.00 price objective on shares of Ferguson and gave the stock an “outperform” rating in a research note on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ferguson in a research note on Tuesday, April 1st. They issued a “hold” rating and a $174.00 price objective for the company. Wells Fargo & Company increased their price target on shares of Ferguson from $190.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Finally, Wolfe Research assumed coverage on shares of Ferguson in a research report on Monday, March 17th. They set a “peer perform” rating for the company.

Hedge Funds Weigh In On Ferguson

Hedge funds have recently modified their holdings of the stock. Manchester Capital Management LLC increased its holdings in shares of Ferguson by 906.7% during the fourth quarter. Manchester Capital Management LLC now owns 151 shares of the company’s stock valued at $26,000 after acquiring an additional 136 shares in the last quarter. Grove Bank & Trust increased its holdings in Ferguson by 247.4% in the 1st quarter. Grove Bank & Trust now owns 198 shares of the company’s stock worth $32,000 after buying an additional 141 shares during the period. Whipplewood Advisors LLC raised its position in Ferguson by 166.7% during the 1st quarter. Whipplewood Advisors LLC now owns 208 shares of the company’s stock worth $33,000 after buying an additional 130 shares during the last quarter. TD Private Client Wealth LLC raised its position in Ferguson by 56.5% during the 1st quarter. TD Private Client Wealth LLC now owns 205 shares of the company’s stock worth $33,000 after buying an additional 74 shares during the last quarter. Finally, LGT Financial Advisors LLC raised its position in Ferguson by 106.3% during the 4th quarter. LGT Financial Advisors LLC now owns 198 shares of the company’s stock worth $34,000 after buying an additional 102 shares during the last quarter. Institutional investors and hedge funds own 81.98% of the company’s stock.

Ferguson Trading Up 0.2%

NASDAQ FERG opened at $213.25 on Friday. Ferguson has a 12 month low of $146.00 and a 12 month high of $225.63. The company’s 50-day moving average price is $180.65 and its 200-day moving average price is $177.88. The stock has a market cap of $42.05 billion, a PE ratio of 25.60, a PEG ratio of 1.69 and a beta of 1.13. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83.

Ferguson (NASDAQ:FERG) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.44. Ferguson had a net margin of 5.68% and a return on equity of 34.63%. During the same period last year, the firm earned $2.32 earnings per share. The company’s revenue was up 4.3% compared to the same quarter last year. Equities research analysts forecast that Ferguson will post 9.4 earnings per share for the current year.

Ferguson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Friday, June 20th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $3.32 annualized dividend and a dividend yield of 1.56%. Ferguson’s dividend payout ratio (DPR) is currently 41.40%.

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.