Timber Creek Capital Management LLC Boosts Stake in Ferguson plc (NASDAQ:FERG)

Timber Creek Capital Management LLC raised its position in shares of Ferguson plc (NASDAQ:FERG) by 2.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 13,914 shares of the company’s stock after purchasing an additional 284 shares during the quarter. Timber Creek Capital Management LLC’s holdings in Ferguson were worth $2,694,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. BayBridge Capital Group LLC raised its position in shares of Ferguson by 2.0% during the 1st quarter. BayBridge Capital Group LLC now owns 2,373 shares of the company’s stock valued at $494,000 after buying an additional 47 shares in the last quarter. Verdence Capital Advisors LLC raised its position in Ferguson by 3.0% during the first quarter. Verdence Capital Advisors LLC now owns 1,663 shares of the company’s stock valued at $363,000 after purchasing an additional 48 shares during the period. OneAscent Financial Services LLC lifted its stake in shares of Ferguson by 1.9% in the 1st quarter. OneAscent Financial Services LLC now owns 2,584 shares of the company’s stock valued at $565,000 after purchasing an additional 49 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Ferguson by 60.0% in the 1st quarter. Venturi Wealth Management LLC now owns 136 shares of the company’s stock worth $30,000 after purchasing an additional 51 shares during the period. Finally, Financial Advocates Investment Management increased its position in shares of Ferguson by 2.7% during the 4th quarter. Financial Advocates Investment Management now owns 1,995 shares of the company’s stock valued at $385,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 81.98% of the company’s stock.

Ferguson Trading Down 1.9 %

Shares of NASDAQ:FERG traded down $3.90 on Friday, hitting $206.07. 596,172 shares of the company’s stock were exchanged, compared to its average volume of 1,132,237. The stock has a market capitalization of $41.61 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 6.13 and a beta of 1.22. Ferguson plc has a 12 month low of $147.62 and a 12 month high of $225.63. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 0.94. The business’s 50 day simple moving average is $202.11 and its two-hundred day simple moving average is $206.61.

Ferguson (NASDAQ:FERG) last announced its quarterly earnings data on Tuesday, June 4th. The company reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.05. The company had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.32 billion. Ferguson had a net margin of 6.33% and a return on equity of 36.89%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $2.20 EPS. Analysts anticipate that Ferguson plc will post 9.66 EPS for the current fiscal year.

Ferguson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 14th were issued a $0.79 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.53%. Ferguson’s payout ratio is 34.54%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Jefferies Financial Group lifted their price objective on shares of Ferguson from $238.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Barclays dropped their price target on shares of Ferguson from $232.00 to $229.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Finally, Royal Bank of Canada reduced their price objective on shares of Ferguson from $217.00 to $211.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $230.00.

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.