Timber Creek Capital Management LLC Reduces Holdings in Ferguson plc (NASDAQ:FERG)

Timber Creek Capital Management LLC decreased its position in shares of Ferguson plc (NASDAQ:FERG) by 82.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,513 shares of the company’s stock after selling 11,690 shares during the period. Timber Creek Capital Management LLC’s holdings in Ferguson were worth $436,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Ferguson by 423.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,462,836 shares of the company’s stock worth $290,475,000 after acquiring an additional 1,183,143 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of Ferguson by 339.9% during the fourth quarter. Vontobel Holding Ltd. now owns 1,234,776 shares of the company’s stock worth $214,320,000 after purchasing an additional 954,092 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Ferguson by 7,632.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 677,684 shares of the company’s stock valued at $117,626,000 after purchasing an additional 668,920 shares during the period. Southpoint Capital Advisors LP grew its holdings in shares of Ferguson by 133.3% in the third quarter. Southpoint Capital Advisors LP now owns 700,000 shares of the company’s stock worth $138,999,000 after purchasing an additional 400,000 shares during the last quarter. Finally, Barclays PLC increased its stake in Ferguson by 76.9% in the 3rd quarter. Barclays PLC now owns 867,593 shares of the company’s stock worth $172,281,000 after buying an additional 377,283 shares during the period. Hedge funds and other institutional investors own 81.98% of the company’s stock.

Ferguson Price Performance

FERG opened at $185.79 on Wednesday. The firm has a market capitalization of $37.15 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.74 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 moving average is $179.33 and its two-hundred day moving average is $194.44. Ferguson plc has a 1 year low of $167.27 and a 1 year high of $225.63.

Ferguson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Friday, December 20th were given a $0.83 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.79%. This is an increase from Ferguson’s previous quarterly dividend of $0.79. Ferguson’s payout ratio is presently 39.86%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group reissued a “neutral” rating and issued a $193.00 price objective (down from $230.00) on shares of Ferguson in a research report on Wednesday, January 8th. Morgan Stanley began coverage on Ferguson in a report on Monday, February 3rd. They issued an “overweight” rating and a $204.00 price target for the company. Wells Fargo & Company reduced their price objective on Ferguson from $215.00 to $205.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Berenberg Bank upped their target price on Ferguson from $224.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Robert W. Baird cut their price target on Ferguson from $230.00 to $225.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Ferguson has a consensus rating of “Moderate Buy” and a consensus price target of $217.73.

Ferguson Company 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.