Ferguson PLC Advances Stock Buyback Plan

Ferguson PLC (FERG) has released an update.

Ferguson PLC has announced the repurchase of 167,825 shares as part of its $4.0 billion share buyback initiative, aimed at reducing the outstanding share count and returning value to shareholders. The shares bought between September 9 and September 13, 2024, will be held in treasury, bringing the total treasury-held shares to 562,031 and leaving 200,781,222 shares of common stock issued and outstanding. This stock movement could be significant for shareholders tracking the company’s market activity and ownership changes.

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