Radnor Capital Management LLC Has $613,000 Holdings in Ferguson plc (NASDAQ:FERG)

Radnor Capital Management LLC lessened its position in shares of Ferguson plc (NASDAQ:FERG) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,530 shares of the company’s stock after selling 380 shares during the period. Radnor Capital Management LLC’s holdings in Ferguson were worth $613,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Asset Dedication LLC bought a new position in shares of Ferguson during the third quarter worth about $27,000. True Wealth Design LLC boosted its position in Ferguson by 1,350.0% during the 3rd quarter. True Wealth Design LLC now owns 145 shares of the company’s stock worth $29,000 after acquiring an additional 135 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Ferguson during the 3rd quarter worth approximately $37,000. Peterson Financial Group Inc. bought a new position in shares of Ferguson during the 3rd quarter worth approximately $39,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Ferguson in the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 81.98% of the company’s stock.

Ferguson Price Performance

Shares of NASDAQ FERG opened at $175.40 on Thursday. Ferguson plc has a twelve month low of $167.27 and a twelve month high of $225.63. The company has a market cap of $35.07 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24. The business’s 50 day moving average price is $193.57 and its two-hundred day moving average price is $198.52. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83.

Ferguson Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Friday, December 20th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Friday, December 20th. This is a boost from Ferguson’s previous quarterly dividend of $0.79. Ferguson’s dividend payout ratio is 39.86%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FERG shares. Wells Fargo & Company reduced their target price on shares of Ferguson from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Oppenheimer initiated coverage on shares of Ferguson in a research note on Wednesday, October 23rd. They set an “outperform” rating and a $234.00 price objective for the company. Bank of America raised Ferguson from an “underperform” rating to a “buy” rating and lifted their target price for the company from $185.00 to $225.00 in a research report on Wednesday, January 8th. Robert W. Baird dropped their target price on Ferguson from $230.00 to $225.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Finally, UBS Group restated a “neutral” rating and issued a $193.00 price target (down from $230.00) on shares of Ferguson in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ferguson presently has a consensus rating of “Moderate Buy” and an average price target of $222.40.

About Ferguson

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.