Dai ichi Life Insurance Company Ltd Boosts Stake in Ferguson plc (NASDAQ:FERG)

Dai ichi Life Insurance Company Ltd raised its position in shares of Ferguson plc (NASDAQ:FERG) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,989 shares of the company’s stock after acquiring an additional 2,000 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Ferguson were worth $3,859,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FERG. McGlone Suttner Wealth Management Inc. purchased a new stake in Ferguson during the fourth quarter valued at about $29,000. CVA Family Office LLC purchased a new stake in Ferguson during the fourth quarter valued at about $31,000. Private Trust Co. NA grew its position in Ferguson by 146.1% during the fourth quarter. Private Trust Co. NA now owns 187 shares of the company’s stock valued at $36,000 after acquiring an additional 111 shares during the period. Milestone Investment Advisors LLC purchased a new stake in Ferguson during the third quarter valued at about $47,000. Finally, Avalon Trust Co purchased a new stake in shares of Ferguson in the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 81.98% of the company’s stock.

Ferguson Stock Down 0.9 %

Shares of NASDAQ FERG traded down $1.96 on Thursday, hitting $208.18. The company had a trading volume of 75,329 shares, compared to its average volume of 1,073,157. Ferguson plc has a 12-month low of $142.27 and a 12-month high of $224.86. The business has a 50 day moving average of $215.68 and a two-hundred day moving average of $196.88. The company has a quick ratio of 0.97, a current ratio of 1.80 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $42.22 billion, a P/E ratio of 24.43, a PEG ratio of 8.89 and a beta of 1.27.

Ferguson (NASDAQ:FERG) last issued its earnings results on Tuesday, March 5th. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.08). Ferguson had a return on equity of 37.99% and a net margin of 6.00%. The company had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.72 billion. During the same period in the previous year, the company earned $1.91 EPS. Ferguson’s quarterly revenue was down 2.2% on a year-over-year basis. As a group, equities research analysts forecast that Ferguson plc will post 9.62 earnings per share for the current fiscal year.

Ferguson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Friday, March 15th were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was 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.