Welcome to our dedicated page for Ferguson Enterprises news (Ticker: FERG), a resource for investors and traders seeking the latest updates and insights on Ferguson Enterprises stock.
Ferguson plc (formerly Wolseley plc) is a leading multinational distributor of plumbing and heating products, headquartered in Wokingham, England. With a strong presence in the United States, the company operates under the brand name Ferguson Enterprises in North America.
Ferguson primarily supplies products for plumbing, HVAC, and other building services, catering to markets like repair, maintenance, improvement, new construction, and civil infrastructure. It serves over 1 million customers and sources its extensive range of products from 37,000 suppliers.
The company engages its clientele through approximately 1,700 North American branches, telephone services, online platforms, and residential showrooms. In fiscal 2023, Ferguson reported nearly $30 billion in sales, with 95% of its revenue generated in the United States.
Recognized by Modern Distribution Management as North America's largest industrial and construction distributor, Ferguson has sold its UK business in 2021 to focus solely on the North American market.
Ferguson continues to achieve significant milestones and forge strategic partnerships, continuously enhancing its product offerings and market reach. The company's focus on customer-centric services and innovative solutions positions it as a key player in the industry.
Ferguson plc (NYSE:FERG) reported the purchase of 166,282 ordinary shares from September 5 to September 9, 2022, as part of its $2 billion share repurchase program. The weighted average purchase price for these shares was approximately 9,835.43 per share. Following these transactions, Ferguson holds 22,415,160 shares in treasury, leaving 209,756,022 ordinary shares in circulation. These figures comply with the Market Abuse Regulation and serve as a reference for shareholders in reporting changes in their interests.
Ferguson PLC announced its total voting rights as of August 31, 2022, noting an issued share capital of 232,171,182 ordinary shares at 10 pence each. Out of these, 22,122,616 shares are suspended as treasury shares. Consequently, the total voting rights available to shareholders is 210,048,566. This figure serves as the basis for shareholders to notify any changes in their interest under the FCA's Disclosure Guidance and Transparency Rules.
Ferguson plc (NYSE:FERG) reported the purchase of 204,178 ordinary shares from August 8 to August 12, 2022, under its $2 billion share repurchase program. The shares were acquired at a weighted average price of approximately $102.45 per share. Following this transaction, the total number of shares held in treasury will be 21,464,244, reducing the number of ordinary shares in issue to 210,706,938. This reduction can impact shareholder calculations regarding interests under the Disclosure Guidance and Transparency Rules.
The City of Miamisburg, Ohio, has partnered with Ferguson Waterworks to replace 8,500 water meters, enhancing customer service and operational efficiency. This advanced metering infrastructure (AMI) system enables real-time water usage monitoring and leak notifications via an app. Residents will be notified of the meter exchange schedule, which may cause brief service interruptions. Ferguson, listed on NYSE under the ticker FERG, specializes in providing infrastructure and plumbing solutions across North America.
Ferguson plc (NYSE:FERG) announced a total buyback of 223,021 ordinary shares from July 25 to 29, 2022, as part of its $2 billion share repurchase program. The average purchase price varied, with notable values like 9,925.45 on July 25 and 10,209.80 on July 29. Post-purchase, the company holds 21,078,577 shares in treasury, reducing the number of ordinary shares in circulation to 211,092,605. The company now has a treasury share percentage of 10.01% of voting rights. Further purchase details are available through official investor channels.
Ferguson PLC (NYSE:FERG) has announced its total voting rights as of July 31, 2022. The company has an issued share capital of 232,171,182 ordinary shares of 10 pence each. Of these, 21,078,577 treasury shares are automatically suspended, resulting in a total of 211,092,605 voting rights available to shareholders. This number is crucial for shareholders to determine notification requirements regarding their interest in the company under relevant regulations.
Ferguson plc (NYSE:FERG) reported the purchase of 69,330 ordinary shares from July 18 to July 22, 2022, as part of its $2 billion share repurchase program. The shares were acquired at varying prices, with the highest at 9,935.8305 on July 22. Following these purchases, Ferguson holds 20,855,556 treasury shares, leaving 211,315,626 ordinary shares in circulation. This announcement aligns with the company’s strategy to enhance shareholder value by reducing share count and is governed by the Market Abuse Regulation.
Ferguson plc reported the purchase of 262,513 ordinary shares from July 11 to July 15, 2022, as part of its $2 billion share repurchase program. The aggregate daily volumes and weighted average purchase prices varied, with the highest purchase price recorded at 9,367.0236 on July 15. Following these transactions, the total treasury shares held by the company increased to 20,786,226, leaving 211,384,956 ordinary shares in circulation. This buyback aligns with regulatory guidelines and aims to enhance shareholder value.
Ferguson plc (NYSE:FERG) reported the purchase of 221,442 shares between July 4-8, 2022, as part of its ongoing $2 billion share repurchase program. The share buyback enhances shareholder value by reducing the number of shares outstanding. The average purchase prices varied across the trading days, with July 4 being $9,012.00 and July 8 at $9,272.82. Following these transactions, the total shares held in treasury are 20,523,713, leaving 211,647,469 shares outstanding. This announcement complies with Market Abuse Regulation requirements.
Ferguson plc (NYSE: FERG) announced the purchase of 307,026 ordinary shares between June 27, 2022, and July 1, 2022, as part of its $2 billion share repurchase program. The shares will be held in treasury, increasing the total treasury shares to 20,302,387. Post-purchase, 211,868,795 ordinary shares remain in circulation. This repurchase aligns with the company's strategy to enhance shareholder value and manage its capital structure. Detailed transaction information was also provided in accordance with market regulations.
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