Corient Private Wealth LLC Has $29.54 Million Position in Ferguson plc (NASDAQ:FERG)

Corient Private Wealth LLC grew its position in shares of Ferguson plc (NASDAQ:FERG) by 11.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 153,004 shares of the company’s stock after purchasing an additional 15,788 shares during the quarter. Corient Private Wealth LLC’s holdings in Ferguson were worth $29,541,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new stake in Ferguson during the 4th quarter worth approximately $29,000. CVA Family Office LLC bought a new stake in shares of Ferguson in the fourth quarter worth $31,000. Private Trust Co. NA increased its holdings in Ferguson by 146.1% in the fourth quarter. Private Trust Co. NA now owns 187 shares of the company’s stock valued at $36,000 after purchasing an additional 111 shares during the period. Milestone Investment Advisors LLC acquired a new stake in Ferguson in the third quarter valued at $47,000. Finally, Avalon Trust Co acquired a new position in Ferguson during the 4th quarter worth about $50,000. 81.98% of the stock is currently owned by institutional investors.

Ferguson Trading Down 0.8 %

NASDAQ FERG opened at $210.14 on Thursday. The firm has a market capitalization of $42.62 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 8.89 and a beta of 1.27. The business’s 50-day moving average price is $215.68 and its two-hundred day moving average price is $196.88. 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 12 month low of $142.27 and a 12 month high of $224.86.

Ferguson (NASDAQ:FERG) last released 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 firm had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.72 billion. Ferguson had a net margin of 6.00% and a return on equity of 37.99%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.91 EPS. On average, analysts expect that Ferguson plc will post 9.62 EPS for the current year.

Ferguson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Friday, March 15th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.16 dividend on an annualized basis and a yield of 1.50%. Ferguson’s dividend payout ratio (DPR) is currently 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.