Ferguson (OTCQX:FERGY) is a U.K. based distributor of plumbing supplies, appliances, and other products. Activist hedge fund Trian is encouraging management to move its stock listing to the U.S. so the stock will get more coverage and hopefully a higher valuation. Ferguson is extremely profitable and Trian’s theory would probably work. If Ferguson has a U.S. listing instead of an ADR, it would probably trade at a higher valuation.
The stock trades for £60.38, there are 229.48 million shares, and the market cap is £13.85 billion. The dividend is £1.51 and the dividend