Standard Family Office LLC Invests $59,000 in Ferguson plc (NASDAQ:FERG)

Standard Family Office LLC acquired a new position in Ferguson plc (NASDAQ:FERG) during the first quarter, HoldingsChannel.com reports. The fund acquired 492 shares of the company’s stock, valued at approximately $59,000.

Several other hedge funds have also made changes to their positions in FERG. Private Capital Group LLC bought a new stake in shares of Ferguson in the first quarter worth $57,000. JJJ Advisors Inc. bought a new stake in Ferguson during the first quarter worth $65,000. Parallel Advisors LLC bought a new stake in Ferguson during the first quarter worth $74,000. Signaturefd LLC bought a new stake in Ferguson during the first quarter worth $98,000. Finally, Harbor Investment Advisory LLC bought a new stake in Ferguson during the first quarter worth $132,000. 35.18% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Ferguson in a research report on Tuesday, May 25th. Berenberg Bank raised shares of Ferguson from a “sell” rating to a “hold” rating in a research report on Wednesday, May 19th. Canaccord Genuity reaffirmed a “hold” rating on shares of Ferguson in a research report on Thursday, May 20th. Zacks Investment Research raised shares of Ferguson from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research report on Monday, May 24th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Ferguson in a research report on Wednesday, May 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $154.00.

Shares of FERG opened at $136.24 on Friday. The company has a market capitalization of $30.66 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 1.44 and a beta of 1.34. The company has a 50-day moving average of $131.44. Ferguson plc has a fifty-two week low of $116.70 and a fifty-two week high of $141.71. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.87 and a quick ratio of 1.10.

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 11th. Stockholders of record on Friday, March 26th were given a $0.729 dividend. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, March 25th. Ferguson’s payout ratio is presently 22.46%.

About Ferguson

Ferguson plc distributes plumbing and heating products in the United States, the United Kingdom, Canada, and Central Europe. It offers plumbing and heating solutions to customers in the residential, municipal, civil and industrial markets, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.

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Institutional Ownership by Quarter for Ferguson (NASDAQ:FERG)

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