Reece Limited (ASX:REH) Insider Gavin Street Purchases 2,237 Shares

Reece Limited (ASX:REH) insider Gavin Street bought 2,237 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was purchased at an average cost of A$18.34 ($11.39) per share, for a total transaction of A$41,026.58 ($25,482.35).

Reece Price Performance

The stock has a market cap of $14.51 billion, a PE ratio of 34.61, a P/E/G ratio of 1.37 and a beta of 0.83. The company has a debt-to-equity ratio of 47.17, a current ratio of 2.17 and a quick ratio of 1.07.

Reece Cuts Dividend

The business also recently disclosed a Interim dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.065 per share. This represents a dividend yield of 0.36%. The ex-dividend date of this dividend is Monday, March 17th. Reece’s dividend payout ratio is currently 40.00%.

Reece Company Profile

Reece Limited engages in the distribution of plumbing, waterworks, bathroom, heating, ventilation, air-conditioning, and refrigeration products to commercial and residential customers in Australia, the United States, and New Zealand. It also distributes irrigation and pools, and kitchen products. The company serves customers in the trade, retail, commercial, and infrastructure markets.