MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $5.66 Million Position in Ferguson plc (NASDAQ:FERG)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lessened its position in Ferguson plc (NASDAQ:FERG) by 74.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,688 shares of the company’s stock after selling 96,885 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Ferguson were worth $5,660,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. CWM LLC increased its position in Ferguson by 303.7% during the third quarter. CWM LLC now owns 4,550 shares of the company’s stock worth $904,000 after buying an additional 3,423 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Ferguson by 32.5% during the 3rd quarter. Principal Financial Group Inc. now owns 32,025 shares of the company’s stock worth $6,359,000 after acquiring an additional 7,862 shares during the last quarter. Neo Ivy Capital Management acquired a new position in shares of Ferguson during the 3rd quarter worth approximately $970,000. Clean Yield Group raised its stake in Ferguson by 27.1% in the 4th quarter. Clean Yield Group now owns 25,959 shares of the company’s stock valued at $4,506,000 after acquiring an additional 5,534 shares during the period. Finally, Entropy Technologies LP lifted its holdings in Ferguson by 66.2% during the 3rd quarter. Entropy Technologies LP now owns 51,647 shares of the company’s stock valued at $10,256,000 after purchasing an additional 20,580 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Ferguson Stock Down 2.2 %

Shares of FERG opened at $181.68 on Friday. The firm has a 50 day simple moving average of $189.66 and a two-hundred day simple moving average of $197.89. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. Ferguson plc has a one year low of $167.27 and a one year high of $225.63. The company has a market cap of $36.33 billion, a P/E ratio of 19.58, a P/E/G ratio of 1.75 and a beta of 1.24.

Ferguson Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Friday, December 20th will be given a dividend of $0.83 per share. This is an increase from Ferguson’s previous quarterly dividend of $0.79. This represents a $3.32 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, December 20th. Ferguson’s dividend payout ratio is currently 39.86%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Zelman & Associates downgraded shares of Ferguson from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $219.00 price target on shares of Ferguson in a report on Wednesday, December 11th. Citigroup reduced their price objective on Ferguson from $221.00 to $189.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Berenberg Bank increased their target price on Ferguson from $224.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Barclays reduced their price target on Ferguson from $234.00 to $211.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $220.10.

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.