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.
Ferguson PLC has announced its total voting rights and capital as of January 31, 2023. The company holds 232,171,182 ordinary shares of 10 pence each, with 25,619,935 shares kept in treasury. Consequently, the total voting rights available to shareholders are 206,551,247. This figure is essential for shareholders to determine whether they need to disclose any changes to their interests in the company.
Ferguson plc filed a Form 8-K with the U.S. SEC on January 31, 2023. This filing is accessible on the SEC's website and through Ferguson's SEC Filings page. Ferguson serves as a prominent value-added distributor in North America, specializing in infrastructure, plumbing, appliances, HVAC, and fire solutions. The company aims to simplify and enhance its customers' complex projects. Headquartered in the U.K., all operations are concentrated in North America, managed from Virginia. For more details, stakeholders can visit Ferguson's corporate website or its LinkedIn page.
Ferguson plc has appointed James S. Metcalf as a non-executive director, effective February 1, 2023. Metcalf brings extensive experience, having served as CEO and Chairman of Cornerstone Building Brands, and held multiple roles at USG Corporation. His background includes expertise in balance sheet management, strategic planning, and operational excellence. Ferguson's chairman, Geoff Drabble, expressed confidence that Metcalf's leadership will aid in Ferguson's goal to enhance project success. Ferguson is a leading distributor in North America, focusing on simplifying complex projects through a range of services.
Ferguson plc announced on January 31, 2023, its purchase of 125,964 ordinary shares from January 23 to January 27, 2023, as part of its $2.5 billion share repurchase program. The purchases took place on the XLON trading venue with varying weighted average prices, recorded as follows:
- January 23: 21,303 shares at 11,127.66
- January 24: 25,609 shares at 11,210.41
- January 25: 38,229 shares at 11,095.98
- January 26: 16,088 shares at 11,200.00
- January 27: 24,735 shares at 11,217.25
After these transactions, the total shares held in treasury will amount to 25,572,850, with 206,598,332 ordinary shares remaining in circulation.
Greyter Water Systems Inc has completed a $10 million Series B funding round, led by Ferguson Ventures and LENX, aimed at scaling its innovative greywater reuse system, The Greyter HOME. This appliance can reduce indoor water consumption by up to 25%, capturing water from showers and baths for toilet flushing. The investment reflects growing demand for sustainable water solutions amid rising freshwater resource pressures. Greyter has seen momentum since its Series A in early 2020, integrating its system into residential homes. Collaborations with Ferguson and Lennar continue to advance eco-friendly homebuilding practices.
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.