Ferguson plc distributes plumbing and heating products in the United States, the United Kingdom, Canada, and Central Europe. It offers plumbing and heating solutions to customers in the residential, municipal, civil and industrial markets, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets. The company also distributes pipes, valves, fittings, hydrants, meters, and related water management products, as well as offers related services, such as water line tapping and pipe fusion services. In addition, it distributes heating, ventilation, air conditioning, refrigeration equipment, and parts and supplies to specialist contractors in the residential and commercial markets for repair and replacement; and PVF products to industrial customers. Further, the company fabricates and supplies fire protection systems and bespoke fabrication services to commercial contractors for new construction and renovation projects, as well as offers products, services, and solutions to enable maintenance of facilities across various RMI markets. Additionally, it offers supply chain management solutions for PVF; and industrial maintenance, repair, and operations specializing in delivering automation, instrumentation, engineered products, and turn-key solutions. The company also sells its home improvement products directly to consumers, as well as through a network of online stores. In addition, it operates its B2B business primarily under the Ferguson brand; and B2C business under the Build.com brand. Further, the company provides products and services for maintenance of multi-family properties, government agencies, hospitality, education, healthcare, and other facilities. It operates a network of 2,194 branches and 19 distribution centers. Ferguson plc was founded in 1887 and is headquartered in Wokingham, the United Kingdom.
IPO Year: 2021
Exchange: NYSE
Website: fergusonplc.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/8/2024 | Outperform → Mkt Perform | Raymond James | |
1/4/2024 | $175.00 → $210.00 | Equal Weight → Overweight | Wells Fargo |
10/31/2023 | $160.00 → $138.00 | Neutral → Underperform | BofA Securities |
10/17/2023 | $175.00 | Equal Weight | Wells Fargo |
9/1/2023 | $175.00 | Outperform | Raymond James |
7/7/2023 | $194.00 | Outperform | William Blair |
6/15/2023 | Buy | Redburn | |
6/13/2023 | $178.00 | Buy | Northcoast |
5/9/2023 | $141.19 → $181.00 | Hold → Buy | Jefferies |
5/4/2023 | $165.00 | Buy | UBS |
Ferguson Enterprises Inc. (NYSE:FERG, LSE: FERG))) (the "Company") announces today that it purchased a total of 104,213 of its shares of common stock in the period from September 3, 2024, up to and including September 6, 2024, in connection with its $4.0 billion share repurchase program. Aggregated information about the purchases carried out during this period Trading day Aggregate daily volume (in number of shares) Daily weighted average purchase price of the shares (USD) Trading venue September 3, 2024 700 202.9114 EDGX September 3, 2024 6,500 202.3328 INET September 3, 2024 8,448 202.3035 XDOT September 3, 2024 1,352 202.5
Ferguson Enterprises Inc. (NYSE:FERG, LSE: FERG))) (the "Company") announces today that it purchased a total of 60,300 of its shares of common stock in the period from August 26, 2024, up to and including August 30, 2024, in connection with its $4.0 billion share repurchase program. Aggregated information about the purchases carried out during this period Trading day Aggregate daily volume (in number of shares) Daily weighted average purchase price of the shares (USD) Trading venue August 26, 2024 2,077 216.8795 INET August 26, 2024 261 217.2517 CHX August 26, 2024 4,200 217.1333 XDOT
The Two Industry Leaders Join Forces to Drive Customer Revenue Growth, Solve Procurement Challenges, and Deliver Exceptional Customer Experience Across the Trades ServiceTitan, a software platform built to power the trades, today announced the successful launch of its strategic collaboration with Ferguson, a leading value-added distributor of commercial and residential supplies with approximately 1,500 locations across the United States. With this strategic collaboration, Ferguson's contractor network can leverage ServiceTitan's powerful residential, commercial, HVAC, and construction platform, enabling them to win more business, increase profitability, and maximize the lifetime v
Ferguson (NYSE:FERG, LSE: FERG))) announces today that it will issue its fourth quarter and year end results on Tuesday, September 17, 2024. The results will be available on Ferguson's website at corporate.ferguson.com at 6:45 a.m. ET/11:45 a.m. BST. A conference call and webcast of the analyst and investor presentation will be broadcast at 8:30 a.m. ET/1:30 p.m. BST on the same day. Participants can register for the webcast at corporate.ferguson.com. A slide presentation that accompanies the event will be available 15 minutes prior to the start time at corporate.ferguson.com on the Events, Results and Reports page under the Investors tab. An archived version of the webcast and slide pr
Ferguson Enterprises Inc. (NYSE:FERG, LSE: FERG))) (the "Company") announces today that it purchased a total of 58,527 of its shares of common stock in the period from August 19, 2024, up to and including August 23, 2024, in connection with its $4.0 billion share repurchase program. Aggregated information about the purchases carried out during this period Trading day Aggregate daily volume (in number of shares) Daily weighted average purchase price of the shares (USD) Trading venue August 19, 2024 4,272 206.3051 INET August 19, 2024 5,200 206.2121 XDOT August 19, 2024 753 206.0395 BATS
Ferguson Enterprises Inc. (NYSE:FERG, LSE: FERG))) (the "Company") announces today that it purchased a total of 67,900 of its shares of common stock in the period from August 12, 2024, up to and including August 16, 2024, in connection with its $4.0 billion share repurchase program. Aggregated information about the purchases carried out during this period Trading day Aggregate daily volume (in number of shares) Daily weighted average purchase price of the shares (USD) Trading venue August 12, 2024 6,546 196.7991 XDOT August 12, 2024 1,896 196.2496 EDGX August 12, 2024 3,966 196.7258 INET
Ferguson Enterprises Inc. (NYSE:FERG, LSE: FERG))) (the "Company") announces today that it purchased a total of 82,300 of its common stock in the period from August 5, 2024, up to and including August 9, 2024, in connection with its $4.0 billion share repurchase program. Aggregated information about the purchases carried out during this period Trading day Aggregate daily volume (in number of shares) Daily weighted average purchase price of the shares (USD) Trading venue August 5, 2024 8,538 199.1442 XDOT August 5, 2024 900 199.1144 MEMX August 5, 2024 3,762 198.9677 INET August 5, 2
Adds two acquisitions, expanding both HVAC and Waterworks businesses Ferguson Enterprises Inc. (NYSE:FERG, LSE: FERG))) announces the closing of two acquisitions: Gerster Equipment Co. and United Water Works, Inc. The company closed on ten acquisitions last fiscal year, which ended July 31, 2024. Gerster Equipment Co. Headquartered in Buffalo, NY, with a second location in Syracuse, NY, Gerster Equipment is a distributor of Trane and Mitsubishi HVAC brands. This acquisition allows Ferguson to advance its dual-trade strategy by linking HVAC and plumbing in these regions, making it easier for the dual-trade contractor to do business with Ferguson. United Water Works, Inc. United Wat
Ferguson Enterprises Inc. (NYSE:FERG, LSE: FERG))) (the "Company") announces today that it purchased a total of 21,419 of its shares of common stock in the period from August 1, 2024, up to and including August 2, 2024, in connection with its $4.0 billion share repurchase program. Aggregated information about the purchases carried out during this period Trading day Aggregate daily volume (in number of shares) Daily weighted average purchase price of the shares (USD) Trading venue August 1, 2024 3,915 218.1046 XDOT August 1, 2024 2,100 216.1933 INET August 1, 2024 100 222.3100 EPRL A
On August 1, 2024, Ferguson Enterprises Inc. (the "Company") filed a Post-Effective Amendment No. 1 to certain Registration Statements on Form S-8 (Reg. Nos. 333-253988, 333-263084 and 333-275849) with the U.S. Securities and Exchange Commission ("SEC"). It is available on the SEC's website at sec.gov and on the SEC Filings page of the Company's website at corporate.ferguson.com/investor/financial-information/sec-filings. August 1, 2024 – Post-Effective Amendment No. 1 to Form S-8 Registration Statement No. 333-253988 August 1, 2024 – Post-Effective Amendment No. 1 to Form S-8 Registration Statement No. 333-263084 August 1, 2024 – Post-Effective Amendment No. 1 to Form S-8 Registratio
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Raymond James downgraded Ferguson plc from Outperform to Mkt Perform
Wells Fargo upgraded Ferguson plc from Equal Weight to Overweight and set a new price target of $210.00 from $175.00 previously
BofA Securities downgraded Ferguson plc from Neutral to Underperform and set a new price target of $138.00 from $160.00 previously
Wells Fargo initiated coverage of Ferguson plc with a rating of Equal Weight and set a new price target of $175.00
Raymond James initiated coverage of Ferguson plc with a rating of Outperform and set a new price target of $175.00
William Blair initiated coverage of Ferguson plc with a rating of Outperform and set a new price target of $194.00
Redburn resumed coverage of Ferguson plc with a rating of Buy
Northcoast initiated coverage of Ferguson plc with a rating of Buy and set a new price target of $178.00
Jefferies upgraded Ferguson plc from Hold to Buy and set a new price target of $181.00 from $141.20 previously
UBS initiated coverage of Ferguson plc with a rating of Buy and set a new price target of $165.00
Ferguson (NYSE:FERG, LSE: FERG))) announces today that it will issue its fourth quarter and year end results on Tuesday, September 17, 2024. The results will be available on Ferguson's website at corporate.ferguson.com at 6:45 a.m. ET/11:45 a.m. BST. A conference call and webcast of the analyst and investor presentation will be broadcast at 8:30 a.m. ET/1:30 p.m. BST on the same day. Participants can register for the webcast at corporate.ferguson.com. A slide presentation that accompanies the event will be available 15 minutes prior to the start time at corporate.ferguson.com on the Events, Results and Reports page under the Investors tab. An archived version of the webcast and slide pr
Third Quarter Dividend 2024 Notice of Dividend Currency Exchange Rate On June 4, 2024, Ferguson plc (NYSE:FERG, LSE: FERG))) (the "Company") announced its intention to pay a quarterly dividend of $0.79 per share ("Q3 Dividend"). The Q3 Dividend will be paid on July 31, 2024, to shareholders who were on the register as at 8:00pm (ET) on June 14, 2024. Eligible shareholders will receive their dividends in US dollars ("USD"), unless an election to receive dividends in pounds sterling ("GBP") is completed and registered with the Company's registrars. The deadline for the currency election in respect of the Q3 Dividend, was July 3, 2024, and was communicated to shareholders on June 4, 2024.
Return to Volume Growth Driven by Continued Execution Third quarter highlights Sales grew 2.4% driven by volume improvement despite continued deflation of approximately 2%. Operating margin of 8.6% (9.2% on an adjusted basis). Diluted earnings per share of $2.18 ($2.32 on an adjusted basis) grew by 33.7% over the prior year (up 5.5% on an adjusted basis). Operating cash flow of $1,507 million on a fiscal year to date basis. Declared quarterly dividend of $0.79, reflecting a 5% increase over the prior year. Completed three acquisitions during the quarter and two subsequent to the quarter. We have now made eight acquisitions on a fiscal year to date basis with aggregate an
Ferguson plc (NYSE:FERG, LSE: FERG))) announces today that it will issue its third quarter results on Tuesday, June 4, 2024. The results will be available on Ferguson's website at corporate.ferguson.com at 6:45 a.m. ET/11:45 a.m. BST. A conference call and webcast of the analyst and investor presentation will be broadcast at 8:30 a.m. ET/1:30 p.m. BST on the same day. Participants can register for the webcast at corporate.ferguson.com. A slide presentation that accompanies the event will be available 15 minutes prior to the start time at corporate.ferguson.com on the Events, Results and Reports page under the Investors tab. An archived version of the webcast and slide presentation will
Second Quarter Dividend 2024 Notice of Dividend Currency Exchange Rate On March 5, 2024, Ferguson plc (NYSE:FERG, LSE: FERG))) (the "Company") announced its intention to pay a quarterly dividend of $0.79 per share ("Q2 Dividend"). The Q2 Dividend will be paid on May 7, 2024, to shareholders who were on the register as at 8:00pm (ET) on March 15, 2024. Eligible shareholders will receive their dividends in US dollars ("USD"), unless an election to receive dividends in pounds sterling ("GBP") is completed and registered with the Company's registrars. The deadline for the currency election in respect of the Q2 Dividend, was April 8, 2024, and was communicated to shareholders on March 5, 202
Continued Execution with Full Year Guidance Unchanged Second quarter highlights Sales decline of 2.2%, largely driven by deflation of approximately 2%. Operating margin of 7.1% (7.8% on an adjusted basis) in our seasonally lightest quarter with fiscal year to date operating margin of 8.5% (9.0% on an adjusted basis). Diluted earnings per share of $1.58 ($1.74 on an adjusted basis). Operating cash flow of $863 million on a fiscal year to date basis. Declared quarterly dividend of $0.79, reflecting a 5% increase over the prior year. Completed two acquisitions during the quarter and one subsequent to the quarter with aggregate annualized revenues of approximately $220 milli
Ferguson plc (NYSE:FERG, LSE: FERG))) announces today that it will issue its second quarter results on Tuesday, March 5, 2024. The results will be available on Ferguson's website at corporate.ferguson.com at 6:45 a.m. ET/11:45 a.m. GMT. A conference call and webcast of the analyst and investor presentation will be broadcast at 8:30 a.m. ET/1:30 p.m. GMT on the same day. Participants can register for the webcast at corporate.ferguson.com. A slide presentation that accompanies the event will be available 15 minutes prior to the start time at corporate.ferguson.com on the Events, Results and Reports page under the Investors tab. An archived version of the webcast and slide presentation wil
On December 5, 2023, Ferguson plc (the "Company") announced that it was considering a new corporate structure to domicile the Group's ultimate parent company in the United States, which would better align the Company's headquarters and governance with its operations and leadership. Having now fully considered the merits and associated steps needed to achieve such an outcome, the Company's Board of Directors (the "Board") has concluded that it would be in the best interests of the Company and its shareholders as a whole to proceed with establishing this new corporate structure. Transaction Process & Timeline The new corporate structure would be accomplished through a merger process by wh
FIRST QUARTER DIVIDEND 2024 NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE On December 5, 2023, Ferguson plc (NYSE:FERG, LSE: FERG))) (the "Company") announced its intention to pay a quarterly dividend of $0.79 per share ("Q1 Dividend"). The Q1 Dividend will be paid on February 6, 2024, to shareholders who were on the register as at 8:00pm (ET) on December 15, 2023. Eligible shareholders will receive their dividends in US dollars ("USD"), unless an election to receive dividends in pounds sterling ("GBP") is completed and registered with the Company's registrars. The deadline for the currency election in respect of the Q1 Dividend, was January 9, 2024, and was communicated to shareholders o
Solid Performance with Full Year Guidance Unchanged First quarter highlights Sales decline of 2.8%, against a 16.6% prior year growth comparable. Operating margin of 9.6% (10.0% on an adjusted basis) in the quarter. Diluted earnings per share of $2.54 ($2.65 on an adjusted basis). Operating cash flow of $557 million, an increase of $59 million over the prior year. Declared quarterly dividend of $0.79, reflecting a 5% increase over the prior year. Completed one acquisition during the quarter. Share repurchases of $108 million during the quarter with an outstanding balance of approximately $400 million remaining under the current share repurchase program at October 31,
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Ferguson Enterprises Inc. (the "Company") today announces that it will hold its first annual meeting of stockholders (the "Annual Meeting") on December 5, 2024 as the successor registrant of Ferguson plc, subject to the consummation of the Merger (as defined below), and announces the appointment of Rekha Agrawal and Richard ("Rick") Beckwitt to the Company's board as non-employee directors ("NEDs"). "We are delighted to welcome Rekha and Rick to the Board," said Geoff Drabble, Board Chair of Ferguson Enterprises Inc. "They bring significant operational and leadership experience, creating value for large publicly listed companies operating in the U.S. Their industry knowledge and experienc
BURLINGTON, Ontario, March 18, 2024 (GLOBE NEWSWIRE) -- Wolseley Canada is pleased to announce the appointment of Jeffrey Gallanty, as VP Supply Chain, effective March 18, 2024. Jeffrey joins us from Ferguson where he managed the distribution and logistics network in the Northeastern US region for the past five years. Jeffrey managed the flow of $8 billion in inventory and has an impressive track record of driving improvement and process efficiencies throughout supply chain operations. "I am personally looking forward to the perspective and approach Jeffrey will bring to Wolseley," says Sébastien Laforge, President, Wolseley Canada. "His focus on customers and strengthening our supply ch
Burlington, ON, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Wolseley Canada is pleased to announce the appointment of Brad Rutledge as Vice President, Waterworks, effective February 1, 2024. Brad joined Wolseley in 2018 and led the National Quotations team. He's held progressive leadership roles since then, including Branch Area Manager in Alberta and eventually Director for Wolseley Industrial. He is extremely supportive of Diversity and Inclusion initiatives and is specifically focused on Indigenous Investment. "Brad has approached each role with enthusiasm and a passion toward finding profitable growth," says Sébastien Laforge, President, Wolseley Canada. "I am confident he is the right lead
Ferguson Appoints James S. Metcalf as a Non-Executive DirectorWOKINGHAM, UK / ACCESSWIRE / January 31, 2023 / Ferguson plc(NYSE:FERG)(LSE:FERG) announces today the appointment of James S. Metcalf to the Board as a Non-Executive Director effective February 1, 2023. Mr. Metcalf will join the Board's Compensation Committee and Nominations & Governance Committee.Mr. Metcalf, a U.S. citizen, previously served as Chairman and Chief Executive Officer of Cornerstone Building Brands from 2018 until his retirement as CEO in September 2021 and as Chairman in March 2022. Prior to joining Cornerstone Building Brands, he held various roles at USG Corporation. At the time of his retirement from USG in Nove
BURLINGTON, ON, Aug. 18, 2022 /CNW/ - Wolseley Canada is pleased to announce the appointment of Candace Woods as Vice President, Marketing & Digital. Candace joins Wolseley on September 7, 2022, bringing more than 20 years of experience in Consumer-Packaged Goods and Retail Marketing. "Candace will bring a vast array of marketing experience to Wolseley and will be instrumental in helping to build customer value and delivering results through research and analytics," says Sébastien Laforge, President, Wolseley Canada. "Her focus on relationships and collaboration will streng
WOKINGHAM, UK / ACCESSWIRE / August 24, 2021 / Ferguson plc ('Company') confirms the appointment of Nadia Shouraboura, Non Executive Director of the Company, as an independent non executive director of Ocado Group plc with effect from September 1, 2021.This announcement is made in accordance with Listing Rule 9.6.14R.For further information, please contact:Graham Middlemiss0118 927 3800Notes to announcementFerguson plc is a leading value added distributor of plumbing and heating products to professional contractors operating in North America. Revenue for the year ended 31 July 2020 was $19.9 billion and trading profit was $1.6 billion. Ferguson plc is listed on the London Stock Exchange (LSE
WOKINGHAM, UK / ACCESSWIRE / April 16, 2021 / Ferguson plc announces the appointment of Kelly Baker to the Board as a Non-Executive Director effective May 1, 2021.Kelly, a US citizen, has extensive human resources ("HR") and operational experience having led the people, organizational and cultural development across a number of US based, global public companies. Kelly is currently Executive Vice President ("EVP"), Chief Human Resources Officer ("CHRO") of Pentair plc (NYSE:PNR), a leading manufacturer of water products, a role she has held since December 2017. Prior to this, Kelly was EVP, CHRO at Patterson Companies Inc. (NASDAQ:PDCO), a value-added distributor serving dental and animal hea
Ferguson (NYSE:FERG) has outperformed the market over the past 5 years by 9.88% on an annualized basis producing an average annual return of 22.69%. Currently, Ferguson has a market capitalization of $41.89 billion. Buying $100 In FERG: If an investor had bought $100 of FERG stock 5 years ago, it would be worth $279.55 today based on a price of $207.95 for FERG at the time of writing. Ferguson's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed
Jefferies analyst Philip Ng maintains Ferguson (NYSE:FERG) with a Buy and raises the price target from $238 to $250.
Barclays analyst Matthew Bouley maintains Ferguson (NYSE:FERG) with a Overweight and lowers the price target from $232 to $229.
On CNBC's “Mad Money Lightning Round,” Jim Cramer said Ferguson plc (NYSE:FERG) is a “very, very good” company. However, he recommends Trane Technologies plc (NYSE:TT) or Carrier Global Corporation (NYSE:CARR) ‘in case you want HVAC (heating, ventilating, and air conditioning).’ On June 4, Ferguson reported third-quarter net sales of $7.308 billion. That’s 2.4% higher year over year, driven by volume improvement despite continued deflation of approximately 2%. KKR & Co. Inc. (NYSE:KKR) is the “foremost, the other one that I would recommend is Blackstone (NYSE:BX),” Cramer said. On July 8, TD Cowen analyst Bill Katz maintained KKR with a Buy and lowered the price target from $157 to
Ferguson (NYSE:FERG) has outperformed the market over the past 5 years by 8.52% on an annualized basis producing an average annual return of 21.58%. Currently, Ferguson has a market capitalization of $38.44 billion. Buying $100 In FERG: If an investor had bought $100 of FERG stock 5 years ago, it would be worth $265.62 today based on a price of $190.66 for FERG at the time of writing. Ferguson's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed
Ferguson (NYSE:FERG) has outperformed the market over the past 5 years by 9.03% on an annualized basis producing an average annual return of 22.57%. Currently, Ferguson has a market capitalization of $40.81 billion. Buying $100 In FERG: If an investor had bought $100 of FERG stock 5 years ago, it would be worth $276.60 today based on a price of $202.22 for FERG at the time of writing. Ferguson's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed
Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks just under the surface and warrant attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance to uncover new information. This index layers editorial commentary to help make sense of why these stocks should be of interest and whether investors or casual readers should watch them. Related Link: The ‘Mag 7 Bench' – Josh Brown Picks The Next Magnificent 7 Stocks Here’s a look at the Benzinga Stock Whisper I
Pest control company Rentokil Initial Plc (NYSE:RTO) shares are trading higher after activist investor Nelson Peltz’s Trian Fund Management LP has reportedly increased its stake, making it one of the top ten shareholders of the U.K.-based company. This move has notably revived Rentokil’s shares, which had previously suffered due to a post-COVID market slump. As of mid-morning trading in London, the company’s shares were up by about 12%, valuing Rentokil at approximately £11.8 billion ($15 billion), reported Bloomberg. This boost comes after a challenging year where Rentokil’s stock value declined significantly, affected by reduced demand in the post-pandemic period, the report highl
Barclays analyst Matthew Bouley maintains Ferguson (NYSE:FERG) with a Overweight and lowers the price target from $236 to $232.
RBC Capital analyst Mike Dahl maintains Ferguson (NYSE:FERG) with a Outperform and lowers the price target from $217 to $211.