Investment firm abrdn plc cut its Ferguson plc stake by 32.9%, selling over 250,000 shares.

Investment firm abrdn plc reduced its stake in Ferguson plc by 32.9% in Q4 2024, selling 251,745 shares. Ferguson, a plumbing and heating products distributor, has seen several institutional investors adjust their holdings. The company recently increased its quarterly dividend to $0.83 per share. Ferguson's stock has a "Moderate Buy" consensus rating with a target price of $217.73, and its market cap is $35.89 billion.

2 months ago
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