Nisa Investment Advisors LLC Has $78,000 Holdings in Ferguson plc (NASDAQ:FERG)

Nisa Investment Advisors LLC trimmed its position in shares of Ferguson plc (NASDAQ:FERG) by 84.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 450 shares of the company’s stock after selling 2,469 shares during the period. Nisa Investment Advisors LLC’s holdings in Ferguson were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Asset Dedication LLC acquired a new position in shares of Ferguson during the 3rd quarter worth about $27,000. True Wealth Design LLC grew its holdings in Ferguson by 1,350.0% during 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. Capital Performance Advisors LLP acquired a new position in Ferguson during the third quarter worth approximately $37,000. Peterson Financial Group Inc. bought a new stake in Ferguson in the third quarter valued at approximately $39,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Ferguson in the third quarter valued at approximately $40,000. 81.98% of the stock is owned by institutional investors.

Ferguson Trading Up 1.7 %

Shares of NASDAQ:FERG opened at $181.77 on Friday. The company has a market capitalization of $36.34 billion, a P/E ratio of 21.82, a P/E/G ratio of 1.75 and a beta of 1.24. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. The business’s 50 day simple moving average is $187.59 and its 200 day simple moving average is $197.46. Ferguson plc has a 1 year low of $167.27 and a 1 year high of $225.63.

Ferguson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Friday, December 20th will be given a $0.83 dividend. The ex-dividend date is Friday, December 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.83%. This is a boost from Ferguson’s previous quarterly dividend of $0.79. Ferguson’s dividend payout ratio (DPR) is presently 39.86%.

Wall Street Analyst Weigh In

FERG has been the topic of a number of recent analyst reports. Bank of America raised Ferguson from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $185.00 to $225.00 in a report on Wednesday, January 8th. Oppenheimer began coverage on shares of Ferguson in a report on Wednesday, October 23rd. They issued an “outperform” rating and a $234.00 price objective on the stock. Citigroup cut their target price on shares of Ferguson from $221.00 to $189.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Barclays decreased their price target on shares of Ferguson from $234.00 to $211.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Finally, Berenberg Bank raised their price objective on shares of Ferguson from $224.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Ferguson currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.10.

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.