Ferguson Enterprises Stock Price, News & Analysis

Ferguson plc (NYSE: FERG; LSE: FERG) announced its Q3 2024 dividend of $0.79 per share, payable on July 31, 2024. Shareholders on record as of June 14, 2024, will receive dividends in USD unless they opted to receive GBP by the July 3, 2024 deadline. The exchange rate for GBP is set at 1.2876, translating the dividend to £0.61 per share. The GBP amount is rounded down to the nearest pence.

Ferguson plc (NYSE: FERG, LSE: FERG) announced the purchase of 65,006 ordinary shares from July 1 to July 5, 2024, as part of its $4.0 billion share repurchase program. The aggregate daily volume and daily weighted average purchase price per trading venue were detailed in the press release.

The company plans to hold these shares in treasury. Following these purchases, Ferguson holds 30,634,115 shares in treasury, reducing the total number of ordinary shares in issue to 201,537,067.

This updated figure serves as the denominator for shareholders to determine notification obligations under the Disclosure Guidance and Transparency Rules.

Detailed information can be found on Ferguson's Investor Share Buy-Back Details page.

Ferguson plc (NYSE: FERG, LSE: FERG) has completed the repurchase of 82,121 ordinary shares from June 24 to June 28, 2024, as part of its $4.0 billion share buyback program. The shares were bought at varying daily weighted average prices, with the highest purchase price being $196.3300 and the lowest being $190.2200. The company intends to hold these shares in treasury, raising the total to 30,569,109 treasury shares. After these transactions, Ferguson’s remaining ordinary shares count is 201,602,073. This figure is essential for shareholders and others in determining notification obligations under the Disclosure Guidance and Transparency Rules.

Ferguson plc has announced a new corporate structure, relocating its ultimate parent company to the U.S. via a merger agreement signed on February 29, 2024. This merger, involving newly formed entities New TopCo and Merger Sub, was approved by 99.56% of shareholders on May 30, 2024. The merger completion is expected on August 1, 2024.

As a result, Ferguson's UK listing on the London Stock Exchange (LSE) is set to be replaced by New TopCo's listing. The exact segment of the Official List for New TopCo’s listing will depend on pending FCA reforms. Additionally, Ferguson’s shares will cease trading on the NYSE, and New TopCo’s common stock will start trading on both the NYSE and LSE under the ticker symbol 'FERG' on the Effective Date.

Ferguson plc has announced its total voting rights as of June 30, 2024. The company's issued share capital consists of 232,171,182 ordinary shares, each valued at 10 pence. Out of these, 30,551,865 shares are held in treasury, which means their voting rights are suspended. Therefore, the total number of voting rights in the company is 201,619,317. This figure is important for shareholders who need to calculate their interests or any changes to their interests in accordance with the FCA's Disclosure Guidance and Transparency Rules and the company's Articles of Association.

Connolly Brothers has completed a 234,282 square-foot warehouse for Ferguson Enterprises in Taunton, MA. This new facility includes a high-bay warehouse with specialized floor-to-ceiling racking for over 60,000 products, a 5,743 square-foot retail store, 30,000 square feet of offices and training space, a pro pick-up and will-call area, a 24/7 online ordering pick-up area, and three exterior loading ramps. The project was completed on time and within budget. This new hub will serve the New England region, marking Ferguson's first shipping hub in this area. The project involved an extensive team including Connolly Brothers as Construction Manager and Ware Malcomb as Architect of Record.

Ferguson plc (NYSE: FERG, LSE: FERG) announced that it repurchased 58,185 of its ordinary shares between June 17, 2024, and June 21, 2024, under its $4.0 billion share repurchase program.

The repurchased shares will be held in treasury. Post-purchase, Ferguson now holds 30,487,031 shares in treasury, reducing the total number of ordinary shares in issue to 201,684,151.

This repurchase aligns with the Market Abuse Regulation and the European Union (Withdrawal) Act 2018. Detailed information is available on Ferguson's shareholder center page.

Ferguson plc announced a notification of transactions by Kelly Baker, a Non-Employee Director, involving the purchase of Ordinary Shares. This transaction, compliant with EU Market Abuse Regulation and UK law, details the acquisition of 247 shares at $202.4811 per share, totaling $50,012.83. The transaction occurred on June 18, 2024, at the New York Stock Exchange. The company, listed under ISIN JE00BJVNSS43, disclosed these details to ensure transparency and regulatory compliance.

Ferguson plc (NYSE: FERG, LSE: FERG) announced it purchased 68,419 of its ordinary shares between June 10 and June 14, 2024, as part of its $4.0 billion share repurchase program.

The purchases were made across various trading venues at daily weighted average prices ranging from $198.2411 to $209.7000. The company now holds 30,431,642 shares in treasury, leaving 201,739,540 ordinary shares in issue. The remaining share count will be used by shareholders for interest notifications under applicable regulations.

Detailed information on the purchases is available on Ferguson’s investor relations website.