Ferguson Enterprises Stock Price, News & Analysis

Ferguson plc (NYSE:FERG) reported that it bought back 61,560 ordinary shares between April 17 and April 21, 2023, as part of its $2.5 billion share repurchase program. The company aims to hold these shares in treasury, increasing its treasury shares to 27,103,700. Post-purchase, the total number of ordinary shares issued will be 205,067,482, which serves as a reference number for shareholders to assess their interests under relevant regulations. The average purchase prices for the shares ranged from $105.26 to $109.43 across the trading days, with a notable volume on April 18 and 19.

This activity highlights Ferguson's commitment to enhancing shareholder value through effective capital management.

Ferguson plc has filed a Form 8-K with the U.S. Securities and Exchange Commission on April 20, 2023, detailing important corporate developments. This filing is accessible on the SEC's website and Ferguson's SEC filings page. Ferguson is a prominent distributor in North America, specializing in products related to infrastructure, plumbing, HVAC, and more, aiming to simplify complex projects for its customers. The company manages operations from Newport News, Virginia, while headquartered in the U.K. Investors seeking further details can contact Ferguson's investor relations representatives.

Ferguson plc (NYSE:FERG) announced a significant share repurchase activity between April 11 and April 14, 2023, as part of its $2.5 billion share repurchase program. During this period, the company purchased 78,493 ordinary shares. Here are the details of the share purchases:

• April 11: 20,034 shares at an average price of $101.36.
• April 12: 25,000 shares at an average price of $101.85.
• April 13: 24,391 shares at an average price of $101.63.
• April 14: 9,068 shares at an average price of $103.72.

Following these transactions, the total number of shares held in treasury will be 27,042,140, leaving 205,129,042 ordinary shares in issue. This information will be relevant for shareholders regarding their interests in the company under the Disclosure Guidance and Transparency Rules.

Ferguson PLC has declared a quarterly dividend of $0.75 per share, to be paid on May 5, 2023. Shareholders have the option to receive dividends in US dollars or pounds sterling, with the currency election deadline set on April 5, 2023. For those opting for GBP, the dividend amount will convert to £0.59 per share based on an exchange rate of 1.2516.

Shareholders must have been registered by 8:00 PM ET on March 17, 2023 to qualify for the dividend. All relevant details have been proactively communicated to stakeholders.

Ferguson plc has announced the notification of share transactions by persons discharging managerial responsibilities (PDMRs) as mandated by the EU Market Abuse Regulation. The transactions involve the grant of share options under the Ferguson Group Employee Share Purchase Plan 2021. Key details include:

• Transaction date: April 5, 2023
• Instrument: Ordinary Shares of 10p each (ISIN: JE00BJVNSS43)
• Price per share: $105.90
• Volume: 84 shares
• Total transaction value: $8,895.60

The notifications detail transactions from multiple PDMRs, including the Chief Executive Officer, Chief Financial Officer, Chief Legal Officer, Chief Marketing Officer, and others.

Ferguson plc has executed a total repurchase of 140,000 ordinary shares from April 3 to April 6, 2023, as part of its ongoing $2.5 billion share repurchase program. The purchases included:

• April 3: 25,000 shares at $107.45
• April 4: 40,000 shares at $103.55
• April 5: 45,000 shares at $101.00
• April 6: 30,000 shares at $99.30

The total shares held in treasury is now 26,963,647, while the remaining ordinary shares in circulation stand at 205,207,535. This information will be crucial for shareholders in calculating their interests according to Disclosure Guidance and Transparency Rules.

Ferguson plc (NYSE:FERG) reported the purchase of 109,435 ordinary shares between March 27 and March 31, 2023, as part of its $2.5 billion share repurchase program. The share buybacks were executed in the London Stock Exchange (XLON) at an average purchase price of approximately $106.50 per share. Following these transactions, Ferguson holds 26,823,647 shares in treasury, with a total of 205,347,535 ordinary shares remaining in issue. Shareholders should use this figure for notifying any interest changes under the Disclosure Guidance and Transparency Rules.

Ferguson PLC announced its capital structure details as of March 31, 2023. The company has issued a total of 232,171,182 ordinary shares of 10 pence each. Out of these, 26,823,647 shares are held in treasury, resulting in 205,347,535 total voting rights available to shareholders. This notification complies with DTR 5.6.1 regulations, serving as a guideline for shareholders to assess their voting interest within the company's framework. The information is essential for any potential changes in shareholder interest that require notification under the FCA's rules and the company's articles.