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 Inc. distributes essential water and air products to specialized professionals in North American residential and non-residential construction markets. Its product categories include plumbing, HVAC, appliances, lighting, PVF, and water and wastewater solutions, supported by branch, showroom, phone, and digital customer channels.
Recurring Ferguson news covers operating results, organic and acquisition-driven growth, non-residential project demand, cash returns through dividends, and acquisitions used to consolidate fragmented distribution markets. Company updates also include strategic alliances for contractor e-commerce, SEC filing notices, annual-meeting matters, and Director/PDMR shareholding notifications tied to restricted stock units under the 2023 Omnibus Equity Incentive Plan.
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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.