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 announced a share repurchase of 90,000 ordinary shares on May 4, 2022, at a price of £97.58 each, as part of its $2 billion buyback program. The company's treasury now holds 16,302,700 shares, with the total number of ordinary shares in circulation decreasing to 215,868,482. This transaction is in compliance with the Market Abuse Regulation, providing transparency for shareholders regarding their interest calculations. Further details can be found in the attached announcement.
Ferguson plc (LSE:FERG, NYSE:FERG) announced on May 4, 2022, that BlackRock, Inc. acquired voting rights exceeding 9.67%, surpassing the previous threshold of 8.06%. This change occurred on April 28, 2022, when the total number of voting rights held rose to 21,689,628. The acquisition comprises both direct voting rights and financial instruments. BlackRock's increased holding indicates significant interest in Ferguson's performance, which may impact shareholder sentiment and stock price.
Ferguson plc has announced the repurchase of 140,000 of its ordinary shares at £99.19 each as part of its $2 billion share repurchase program on May 3, 2022. This brings the total shares held in treasury to 16,212,700, with 215,958,482 ordinary shares remaining in circulation. The share buyback is a strategic move to enhance shareholder value, allowing existing shareholders to use the new total for interest notifications under the Disclosure and Transparency Rules. The broker for this transaction was Barclays Capital Securities Limited.
Ferguson plc has submitted its Block Listing Six Monthly Return for the period from November 1, 2021 to April 30, 2022. The Ferguson Group Long Term Incentive Plan 2015 has expired, with a balance of 91,063 ordinary 10p shares remaining unallotted. There were no new shares issued or allotted during this period. Additionally, the Ferguson Group International Sharesave Plan 2011 also shows a balance of 181,430 ordinary 10p shares unallotted. No increases in the block schemes were applied for during the term.
Ferguson plc announced its issued share capital and total voting rights as of April 30, 2022. The company has 232,171,182 ordinary shares with a nominal value of 10 pence each, of which 16,072,700 shares are held in treasury. This leads to a total of 216,098,482 voting rights available to shareholders. These figures are essential for calculating any changes in shareholding interests in compliance with the FCA's Disclosure Guidance and Transparency Rules.
Ferguson plc announced the purchase of 67,651 ordinary shares at a price of £100.71 each on April 28, 2022, as part of its $2 billion share repurchase program. This transaction brings the total shares held in Treasury to 16,001,878, with 216,169,304 ordinary shares remaining in issue. The repurchased shares will be held in Treasury and can affect shareholders' interest calculations under the Disclosure and Transparency Rules.
Ferguson plc announced the repurchase of 135,631 ordinary shares for Treasury at a price of £100.301575 each, totaling approximately £13.6 million. This transaction is part of its ongoing $2 billion share repurchase program. Following this purchase, Ferguson now holds 15,934,633 shares in Treasury, and the total number of ordinary shares in issue is reduced to 216,236,549. Shareholders may use this figure to assess their interest notifications under the Disclosure and Transparency Rules.
Ferguson plc has announced the repurchase of 120,000 ordinary shares at a price of £100.90 per share as part of its $2 billion share repurchase program. The transaction occurred on April 26, 2022, through Barclays Capital Securities Limited. After this repurchase, Ferguson holds a total of 15,799,002 shares in Treasury, and the total number of ordinary shares in issue is now 216,372,180. This figure will assist shareholders in determining any required notifications under the Disclosure and Transparency Rules.
Ferguson plc announced the repurchase of 82,177 ordinary shares at a price of £102.05 each on April 25, 2022, as part of its £2 billion share repurchase program. The company now holds a total of 15,679,002 shares in treasury. Following this transaction, the remaining ordinary shares in circulation will be 216,492,180. This number is essential for shareholders to determine their reporting obligations under the Disclosure and Transparency Rules. Full details regarding the repurchase are available in the attached announcement.
Ferguson plc has announced the repurchase of 32,851 ordinary shares at a price of £105.40 per share as part of its $2 billion share buyback program on April 22, 2022. The total shares held in treasury is now 15,596,825, while the remaining shares in issue stand at 216,574,357. This transaction will aid shareholders in calculating their interests under the Disclosure and Transparency Rules. Further details on individual purchases are outlined in the attached announcement.
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