Ferguson Enterprises CLO Ian Graham sells $284,180 in shares

Ferguson Enterprises Inc. (NYSE: FERG) saw CLO and Corporate Secretary Ian T. Graham sell 1,093 shares of the company's common stock on November 9, 2026. The transaction amounted to $284,180, with each share priced at $260.0. The sale was carried out under a Rule 10b5-1 trading plan set up by Graham on May 27, 2026. After the sale, Graham still owns 8,781 shares of Ferguson Enterprises common stock.

Ferguson shares have risen about 10% over the past week and are currently trading at $256.47 with a market capitalization of $49.4 billion. An analysis suggests the stock is overvalued, placing it among companies on the Most Overvalued list. This sale comes at a time when Ferguson reported strong third-quarter 2026 results with revenue up by 9.5% to $9.03 billion, driven by 7% growth from organic sources and 2.7% from acquisitions.

Despite EPS coming in at $3.43, below the projected $3.54, Ferguson raised its full-year guidance. Analysts remain optimistic, with RBC Capital raising its price target to $288, Bernstein SocGen Group maintaining an Outperform rating with a $325 target, and emphasizing Ferguson's growth in non-residential construction, especially data centers.