Reliance Worldwide (ASX:RWC) Insider Purchases A$251,274.62 in Stock

Reliance Worldwide Co. Limited (ASX:RWC) insider Heath Sharp acquired 62,662 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The shares were purchased at an average price of A$4.01 per share, with a total value of A$251,274.62.

Reliance Worldwide Stock Performance

The firm has a market cap of $2.53 billion, a P/E ratio of 27.48, a P/E/G ratio of 1.42 and a beta of 1.05. The company has a debt-to-equity ratio of 44.35, a current ratio of 2.77 and a quick ratio of 1.51.

Reliance Worldwide Cuts Dividend

The business also recently declared a Final dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, October 2nd were issued a dividend of $0.038 per share. The ex-dividend date was Wednesday, September 3rd. This represents a yield of 91.0%. Reliance Worldwide’s dividend payout ratio is 33.33%.

Reliance Worldwide Company Profile

Reliance Worldwide Corporation Limited, together with its subsidiaries, engages in the design, manufacture, and supply of water flow, control, and monitoring products and solutions for plumbing and heating industries. It offers plumbing solutions comprising brass and plastic push-to-connect plumbing fittings, other fittings, pipes, valves, and integrated installation solutions; appliance installations solutions, such as fluid tech and appliance installation and repair services; and other products.