Ferguson Enterprises Stock Price, News & Analysis

Ferguson plc completed a share repurchase on May 17, 2022, acquiring 22,853 ordinary shares at a price of £98.765860 each, as part of its $2 billion share repurchase program. The total number of shares held in treasury now amounts to 16,976,491, while 215,194,691 ordinary shares are still in circulation. This transaction allows shareholders to calculate their interests under the Disclosure and Transparency Rules. The share buyback is a strategic move aimed at enhancing shareholder value.

Ferguson plc announced a share repurchase transaction on May 16, 2022, as part of its $2 billion program. The company repurchased 40,516 ordinary shares at a price of £96.96 per share through Barclays Capital Securities Limited. Following this transaction, Ferguson holds a total of 16,953,638 shares in treasury, leaving 215,217,544 shares outstanding. This repurchase aims to optimize shareholder value and may impact the share price positively.

Ferguson plc (LSE: FERG, NYSE: FERG) reported a notification of major holdings from BlackRock, Inc. on May 12, 2022, indicating an increase in voting rights following the threshold crossing on May 11, 2022. BlackRock now holds 7.58% of Ferguson's voting rights, comprising 7.38% through direct shares and 0.20% via financial instruments. The previous position was reported at 10.02%. This shift reflects BlackRock's ongoing investment strategy and market positions in Ferguson.

Ferguson plc announced the repurchase of 59,893 ordinary shares at a price of £95.162764 per share on May 12, 2022, as part of its $2 billion share repurchase program. Following this transaction, the total number of shares held in Treasury amounts to 16,913,122. The total shares outstanding after this repurchase will be 215,258,060. This announcement is in compliance with the Market Abuse Regulation, and further details can be accessed through the link provided.

Ferguson plc announced that on May 11, 2022, it repurchased 33,401 ordinary shares at a price of £93.34 per share as part of its $2 billion share repurchase program. Following this transaction, the total number of shares in Treasury is 16,853,229, while the remaining shares outstanding will be 215,317,953. This buyback aligns with the company's strategy to enhance shareholder value. Further details can be found in the attached announcement and the company plans to retain these shares in Treasury.

The press release highlights transactions by Ferguson's managerial personnel involving ordinary shares under dividend reinvestment plans. Key points include:

• William Brundage, Group CFO, purchased shares at $114.27 for a total of $773.26.
• Jake Schlicher, Senior VP, purchased shares at £90.99 for a total of £3,002.93.
• William Thees, Senior VP, made two purchases: one at £90.99 for £8,098.82 and another at $114.27 for $962.68.

This information complies with EU Market Abuse Regulation requirements.

Ferguson plc has officially transferred its primary listing to the New York Stock Exchange (NYSE) as of May 12, 2022. This follows a shareholder resolution on March 10, 2022, which changed its listing category on the London Stock Exchange from Premium to Standard. Ferguson, now entirely focused on North America, believes this aligns better with its growth opportunities. CEO Kevin Murphy highlighted that the new listing structure supports their strategy to enhance shareholder value amid evolving market dynamics.

Ferguson plc announced the repurchase of 60,000 of its ordinary shares at a price of £91.74 as part of its $2 billion share repurchase program on May 10, 2022. Following this transaction, Ferguson holds a total of 16,819,828 shares in treasury, leaving 215,351,354 shares in circulation. This number represents the denominator for shareholders to calculate their interests under the Disclosure and Transparency Rules.

Ferguson plc announced the purchase of 177,434 ordinary shares at £91.10 each on May 9, 2022, as part of its $2 billion share repurchase program. Following this transaction, the company holds a total of 16,759,828 shares in Treasury, with 215,411,354 ordinary shares remaining in issue. This figure serves as a denominator for shareholders to assess their interests under the Disclosure and Transparency Rules. The repurchase aims to enhance shareholder value despite the uncertain market conditions. Detailed purchase information is available in the announcement.