5 Best Stocks to Buy According to Nelson Peltz’s Trian Partners

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1. Ferguson plc (NYSE:FERG)

Trian Partners’ Stake Value: $2,022,084,000

Percentage of Trian Partners’ 13F Portfolio: 27.10%

Number of Hedge Fund Holders: 12

Ferguson plc (NYSE:FERG) is headquartered in Wokingham, the United Kingdom, offering plumbing and heating solutions to residential, commercial, infrastructure, and industrial markets. Ferguson plc (NYSE:FERG) is the largest holding in Trian Partners’ Q4 portfolio. The hedge fund owns 11.3 million shares of the company, worth more than $2 billion, representing 27.10% of the total portfolio. 

On March 23, Ferguson plc (NYSE:FERG) declared a semi-annual dividend per share of $0.84. The dividend is payable on May 6, to shareholders of record on March 25. The company delivers a dividend yield of 1.87% as of April 28. 

Truist analyst Keith Hughes on April 25 maintained a Buy rating on Ferguson plc (NYSE:FERG) but lowered the price target on the shares to $165 from $180, in order to reflect the impact of higher interest rates on valuations. The analyst believes that Ferguson plc (NYSE:FERG)’s business in all end markets is solid as demand remains strong. He added that he expects Ferguson plc (NYSE:FERG) to be one of the top performers in the coverage “regardless of what comes in the cycle”.

According to Insider Monkey’s fourth quarter database, 12 hedge funds were long Ferguson plc (NYSE:FERG), compared to 10 funds in the previous quarter. Brian Ashford-Russell and Tim Woolley’s Polar Capital is the biggest shareholder of the company, with a position worth $5.5 billion. 

You can also take a look at 10 Biotech Stocks to Buy Today According to Ken Fisher’s Fisher Asset Management and 10 Tech Stocks to Buy Now According to Robert Pitts’ Steadfast Capital

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