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 Enterprises (FERG) delivers essential plumbing, HVAC, and construction supplies through North America's most extensive value-added distribution network. This news hub provides professionals and investors with timely updates on operational developments, financial performance, and strategic initiatives shaping the industrial distribution sector.
Access consolidated coverage of earnings announcements, product innovations, and leadership updates. Our repository includes press releases on supply chain advancements, technology partnerships, and market expansion efforts – all critical for understanding Ferguson's role in commercial construction ecosystems.
Key updates feature maintenance/repair sector trends, infrastructure project participation, and sustainability initiatives. Bookmark this page to monitor how Ferguson's branch network optimization and digital transformation strategies impact its position as a plumbing/HVAC market leader.
Ferguson plc (NYSE:FERG) has announced the purchase of 164,736 ordinary shares from January 16 to January 20, 2023, as part of its $2.5 billion share repurchase program. The average purchase prices were approximately 11,345.00 on January 16 and 10,929.05 on January 20. The total shares held in treasury post-purchase will amount to 25,446,886, with 206,724,296 ordinary shares remaining in circulation. This information is significant for shareholders as it may impact their interest calculations.
Ferguson plc (NYSE:FERG) has announced a total purchase of 241,000 ordinary shares from January 9 to January 12, 2023, as part of its $2.5 billion share repurchase program. The breakdown of purchases includes:
- January 9: 70,000 shares at $114.98
- January 10: 60,000 shares at $114.52
- January 11: 55,000 shares at $111.80
- January 12: 56,000 shares at $113.16
These shares will be held in treasury, bringing the total treasury shares to 25,282,150 and leaving 206,889,032 shares outstanding for shareholders.
Ferguson plc (NYSE:FERG) announced a quarterly dividend of $0.75 per share for Q1, payable on February 3, 2023, to shareholders registered by December 16, 2022. Shareholders can receive this dividend in US dollars or pounds sterling, with a currency exchange rate of 1.21740 GBP/USD, resulting in a GBP dividend of £0.61 per share for those opting for GBP. The currency election deadline was January 6, 2023. This dividend reflects the company’s commitment to returning value to shareholders.
Ferguson plc has announced a $2.5 billion share repurchase program effective from January 16, 2023, managed by brokers J.P. Morgan Securities. This program will run until March 20, 2023, with a maximum spending cap of £145 million for this tranche. The initiative aims to enhance shareholder value by reducing the company’s capital and potentially using repurchased shares for future awards. Notably, the company received authorization to buy back up to 20,845,062 shares during its Annual General Meeting on November 30, 2022.
Ferguson PLC has issued a notification regarding a major holding change initiated by Trian Fund Management, L.P.. As of January 6, 2023, Trian has decreased its voting rights in Ferguson to below 5%, down from 4.94%. This shift was triggered by the distribution of 3,795,799 ordinary shares from Trian Investors 1, L.P. to Trian Investors 1, Ltd. in anticipation of a mandatory redemption. The notification was submitted to the company and made public on January 11, 2023.
Ferguson plc (NYSE:FERG) announced the repurchase of 100,000 ordinary shares from December 26 to December 30, 2022, as part of its $2.5 billion share repurchase program. The repurchase included 50,000 shares on December 28 at an average price of 10,455.0000 and 50,000 shares on December 29 at 10,455.5907. Following these transactions, the total number of shares held in treasury will be 24,936,019, leaving 207,235,163 ordinary shares in issue.
Ferguson PLC has announced its total voting rights as of December 31, 2022, in compliance with DTR 5.6.1 regulations. The company has an issued share capital of 232,171,182 ordinary shares, with 24,936,019 treasury shares suspended. This results in 207,235,163 total voting rights, which shareholders need for compliance with the FCA's Disclosure Guidance and Transparency Rules. The announcement was made on January 3, 2023.
Ferguson plc (NYSE: FERG) reported the purchase of 260,000 ordinary shares from December 19 to December 23, 2022, under its $2.5 billion share repurchase program. The daily purchase details included:
- December 19: 60,000 shares at £10,236.15
- December 20: 70,000 shares at £10,175.00
- December 21: 80,000 shares at £10,276.40
- December 22: 50,000 shares at £10,250.00
After this purchase, the total shares held in treasury will be 24,836,019, leaving 207,335,163 ordinary shares in issue.
Ferguson plc has initiated a $2.5 billion share repurchase program, with a £110 million tranche commencing December 19, 2022. The independent broker Barclays will manage this non-discretionary arrangement until January 12, 2023. Shareholder approval allows for the purchase of up to 20,845,062 ordinary shares. This program aims to reduce company capital and may utilize repurchased shares for future awards. Transactions will occur on the London Stock Exchange and New York Stock Exchange, adhering to regulatory guidelines.
Ferguson plc filed its Form 10-Q with the SEC on December 8, 2022, which can be accessed on both the SEC's website and Ferguson's investor relations page. As a top distributor in North America, Ferguson focuses on providing solutions in various sectors including infrastructure, plumbing, and HVAC. The company aims to simplify customer projects while ensuring sustainability. For detailed information about the filing, interested parties can visit Ferguson's official site or the SEC's portal.
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