FERG

In the past six months, Ferguson's stock has been impacted by several events. The company reported strong second-quarter 2026 net sales of $8.8 billion, a 4.6% year-over-year increase, with diluted earnings per share (EPS) rising by 6.9% to $3.43. Ferguson completed five acquisitions in the second quarter of 2026 and agreed to acquire FloWorks, contributing approximately $1.4 billion in aggregate annualized revenue from eight deals in 2026. The acquisition of FloWorks was completed on September 1, 2026. Ferguson declared a quarterly dividend of $0.89 per share, payable on October 7, 2026. The company also priced a public offering of $1.2 billion in senior unsecured notes in August 2026. A significant corporate development was Ferguson joining the S&P 500 index. Despite positive company-specific news, Ferguson's stock price experienced declines due to a broader industrials sector selloff, surging Treasury yields, and rising oil prices, which pressured cyclical stocks tied to construction. Analysts from RBC and Deutsche Bank trimmed their price targets, while Melius initiated coverage with a "Hold" rating. Additionally, Ferguson completed the cancellation of its secondary listing on the London Stock Exchange on July 20, 2026, maintaining its primary listing on the New York Stock Exchange.