abrdn plc reduces Ferguson plc stake by 32.9%, while the company raises its dividend to $0.83 per share.

Investment firm abrdn plc has reduced its stake in Ferguson plc by selling off 251,745 shares, a 32.9% decrease. Other institutions have also adjusted their holdings in Ferguson, which now pays a quarterly dividend of $0.83 per share, up from $0.79. Ferguson, a plumbing and heating products distributor, has a market cap of $35.89 billion and an average analyst target price of $217.73, with a "Moderate Buy" rating.

2 months ago
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