Bank of Marin Sells 139 Shares of Ferguson plc (NASDAQ:FERG)

Bank of Marin cut its holdings in Ferguson plc (NASDAQ:FERG) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,212 shares of the company’s stock after selling 139 shares during the period. Bank of Marin’s holdings in Ferguson were worth $558,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Manchester Capital Management LLC increased its stake in shares of Ferguson by 906.7% in the fourth quarter. Manchester Capital Management LLC now owns 151 shares of the company’s stock worth $26,000 after purchasing an additional 136 shares during the period. True Wealth Design LLC increased its stake in shares of Ferguson by 1,350.0% in the third quarter. True Wealth Design LLC now owns 145 shares of the company’s stock worth $29,000 after purchasing an additional 135 shares during the period. Berbice Capital Management LLC bought a new position in Ferguson during the fourth quarter valued at about $35,000. Brooklyn Investment Group bought a new position in Ferguson during the third quarter valued at about $45,000. Finally, R Squared Ltd bought a new position in Ferguson during the fourth quarter valued at about $45,000. 81.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FERG has been the topic of several research reports. Barclays lowered their price target on Ferguson from $211.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Wells Fargo & Company lowered their price target on Ferguson from $205.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. UBS Group restated a “neutral” rating and set a $193.00 price target (down from $230.00) on shares of Ferguson in a research note on Wednesday, January 8th. Robert W. Baird set a $190.00 price target on Ferguson and gave the company an “outperform” rating in a research note on Wednesday, March 12th. Finally, Morgan Stanley initiated coverage on Ferguson in a research note on Monday, February 3rd. They set an “overweight” rating and a $204.00 price target on the stock. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $201.64.

Ferguson Stock Up 0.0 %

Shares of FERG opened at $162.62 on Wednesday. The company has a market capitalization of $32.52 billion, a P/E ratio of 19.52, a PEG ratio of 1.69 and a beta of 1.28. 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 one year low of $152.52 and a one year high of $225.63. The business’s 50 day simple moving average is $175.48 and its 200-day simple moving average is $189.40.

Ferguson (NASDAQ:FERG) last announced its earnings results on Tuesday, March 11th. The company reported $1.52 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.06). The business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.76 billion. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.74 earnings per share. As a group, sell-side analysts predict that Ferguson plc will post 9.4 EPS for the current fiscal year.

Ferguson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Friday, March 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Friday, March 21st. Ferguson’s payout ratio is currently 40.84%.

Ferguson 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.