Tokio Marine Asset Management Co. Ltd. Buys 390 Shares of Ferguson plc (NASDAQ:FERG)

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Ferguson plc (NASDAQ:FERG) by 9.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,676 shares of the company’s stock after acquiring an additional 390 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Ferguson were worth $903,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in FERG. CWM LLC raised its position in Ferguson by 93.8% in the 3rd quarter. CWM LLC now owns 597 shares of the company’s stock worth $98,000 after purchasing an additional 289 shares during the period. Asset Management One Co. Ltd. raised its position in Ferguson by 3.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 89,157 shares of the company’s stock worth $14,664,000 after purchasing an additional 3,345 shares during the period. Handelsbanken Fonder AB increased its position in shares of Ferguson by 14.2% in the third quarter. Handelsbanken Fonder AB now owns 38,500 shares of the company’s stock valued at $6,332,000 after acquiring an additional 4,800 shares during the period. Moreno Evelyn V purchased a new position in shares of Ferguson in the third quarter valued at about $202,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Ferguson by 10.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 1,645 shares of the company’s stock valued at $271,000 after acquiring an additional 149 shares during the period. Hedge funds and other institutional investors own 81.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wells Fargo & Company upgraded shares of Ferguson from an “equal weight” rating to an “overweight” rating in a research report on Thursday, January 4th. Raymond James cut shares of Ferguson from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.50.

Ferguson Trading Up 0.2 %

Shares of FERG opened at $213.33 on Friday. The firm’s 50-day moving average price is $212.10 and its 200-day moving average price is $189.42. The firm has a market capitalization of $43.27 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 8.89 and a beta of 1.27. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. Ferguson plc has a 1-year low of $134.55 and a 1-year high of $224.86.

Ferguson (NASDAQ:FERG) last announced its earnings results on Tuesday, March 5th. The company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.08). The company had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.72 billion. Ferguson had a net margin of 6.00% and a return on equity of 37.99%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.91 EPS. Sell-side analysts anticipate that Ferguson plc will post 9.66 EPS for the current year.

Ferguson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Friday, March 15th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 1.48%. The ex-dividend date is Thursday, March 14th. Ferguson’s dividend payout ratio (DPR) is 36.74%.

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.