Ferguson plc $FERG Holdings Trimmed by TD Asset Management Inc

TD Asset Management Inc cut its holdings in Ferguson plc (NYSE:FERG) by 6.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 380,792 shares of the company’s stock after selling 27,667 shares during the quarter. TD Asset Management Inc’s holdings in Ferguson were worth $85,450,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Ferguson by 23.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,262 shares of the company’s stock worth $2,445,000 after purchasing an additional 2,940 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Ferguson during the 1st quarter worth $310,000. Focus Partners Wealth grew its holdings in shares of Ferguson by 22.7% in the 1st quarter. Focus Partners Wealth now owns 3,140 shares of the company’s stock worth $503,000 after acquiring an additional 581 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Ferguson during the second quarter worth $257,000. Finally, Focus Partners Advisor Solutions LLC lifted its holdings in shares of Ferguson by 30.2% during the second quarter. Focus Partners Advisor Solutions LLC now owns 2,965 shares of the company’s stock valued at $646,000 after purchasing an additional 688 shares during the last quarter. Institutional investors own 81.98% of the company’s stock.

Ferguson News Roundup

Here are the key news stories impacting Ferguson this week:

• Positive Sentiment: Several major brokers raised their price targets and ratings, signaling renewed buy-side interest: Barclays bumped its target to $295 and kept an overweight stance. Article Title
• Positive Sentiment: Wells Fargo raised its target to $285 and maintained an overweight rating, supporting upside expectations for FERG. Article Title
• Positive Sentiment: Oppenheimer increased its target to $280 with an outperform rating, reinforcing the positive analyst momentum. Article Title
• Positive Sentiment: Management-level strategic targets — a push toward $40B revenue and 10%+ margins — provide a clear long‑term growth/margin story that supports higher valuations. Article Title
• Neutral Sentiment: Several media items reference people and places named “Ferguson” (celebrity and local crime stories) that are unrelated to the company and are unlikely to affect corporate fundamentals. Example coverage: celebrity/epstein-related articles and unrelated local news. Article Title

Wall Street Analysts Forecast Growth

FERG has been the topic of several recent analyst reports. UBS Group boosted their price objective on Ferguson from $220.00 to $252.00 and gave the stock a “neutral” rating in a report on Wednesday. Barclays boosted their price target on shares of Ferguson from $278.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday. Truist Financial raised their price objective on shares of Ferguson from $260.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Ferguson from $237.00 to $246.00 and gave the stock a “hold” rating in a research report on Thursday, December 11th. Finally, Wells Fargo & Company increased their target price on Ferguson from $280.00 to $285.00 and gave the company an “overweight” rating in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Ferguson has a consensus rating of “Moderate Buy” and an average price target of $262.62.

Ferguson Stock Performance

Shares of FERG opened at $265.10 on Friday. Ferguson plc has a 52 week low of $146.00 and a 52 week high of $271.64. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.88. The company has a market capitalization of $51.84 billion, a PE ratio of 26.78, a PEG ratio of 2.11 and a beta of 1.18. The company’s 50 day moving average price is $246.50 and its 200 day moving average price is $239.77.

Ferguson (NYSE:FERG) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $1.99 EPS for the quarter, missing the consensus estimate of $2.24 by ($0.25). Ferguson had a net margin of 6.28% and a return on equity of 35.73%. During the same quarter in the previous year, the firm earned $1.52 EPS. The company’s revenue was up 3.6% compared to the same quarter last year.

Ferguson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, March 6th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, March 6th. Ferguson’s dividend payout ratio is presently 35.96%.

Ferguson Company Profile

Ferguson (NYSE: FERG) is a multinational distributor specializing in plumbing and heating products and related building supplies, serving professional contractors, builders and industrial customers. The company supplies a broad range of products used in residential, commercial and infrastructure projects, including pipes and fittings, valves and controls, HVAC equipment, waterworks materials, plumbing fixtures, pumps and accessories, as well as complementary electrical and specialty product lines.

Ferguson operates a network of branches and distribution centers that provide inventory, logistics and value-added services to trade customers.