Reece Ltd (ASX: REH) Share Price and News

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Reece Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $15.83 billion
P/E Ratio 43.88
Dividend Yield 0.88%
Shares Outstanding 645.98 million
Earnings per share 0.650
Dividend per share 0.26
Year To Date Return 19.38%
Earnings Yield 2.28%
Franking 100%
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as at 24 Feb 3:44pm

  • Reece Ltd (ASX: REH)
    Latest News

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    The market has spoken today.

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    Why Elixir Energy, Neuren, Reece, and TechnologyOne shares are tumbling today

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    Male hands holding Australian dollar banknotes, symbolising dividends.
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    Share Fallers

    Why A2 Milk, Ampol, PWR, and Reece shares are sinking today

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    Earnings Results

    This ASX 200 stock is tumbling today despite boosting revenue and dividends

    The ASX 200 stock is under selling pressure on Monday. But why?

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    Frequently Asked Questions

    Yes. Traditionally, Reece pays two fully franked dividends a year, in March and October. It does not offer a dividend reinvestment plan (DRP).

    Formed in 1920, Reece listed on the ASX on 1 January 1974.

    Dividend Payment History Data provided by Morningstar.

    Data provided by Morningstar.
    Ex-Date Amount Franking Type Payable
    08 Oct 2024 $0.1775 100.00% Final 23 Oct 2024
    27 Mar 2024 $0.0800 100.00% Interim 10 Apr 2024
    10 Oct 2023 $0.1700 100.00% Final 25 Oct 2023
    21 Mar 2023 $0.0800 100.00% Interim 05 Apr 2023
    11 Oct 2022 $0.1500 100.00% Final 26 Oct 2022
    28 Mar 2022 $0.0750 100.00% Interim 12 Apr 2022
    12 Oct 2021 $0.1200 100.00% Final 27 Oct 2021
    29 Mar 2021 $0.0600 100.00% Interim 15 Apr 2021
    06 Oct 2020 $0.0600 100.00% Final 28 Oct 2020
    17 Mar 2020 $0.0600 100.00% Interim 26 Mar 2020
    08 Oct 2019 $0.1425 100.00% Final 30 Oct 2019
    19 Mar 2019 $0.0600 100.00% Interim 28 Mar 2019
    09 Oct 2018 $0.1425 100.00% Final 25 Oct 2018
    19 Mar 2018 $0.0600 100.00% Interim 29 Mar 2018
    10 Oct 2017 $0.0000 100.00% Final 26 Oct 2017
    15 Mar 2017 $0.2900 100.00% Interim 30 Mar 2017
    10 Oct 2016 $0.6500 100.00% Final 27 Oct 2016
    15 Mar 2016 $0.2700 100.00% Interim 24 Mar 2016
    01 Oct 2013 $0.4100 100.00% Final 24 Oct 2013
    06 Mar 2006 $0.1400 100.00% Interim 24 Mar 2006
    29 Sep 2005 $0.2600 100.00% Final 20 Oct 2005
    04 Mar 2004 $0.0900 100.00% Interim 25 Mar 2004

    REH ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About Reece Ltd

    Reece Ltd (ASX: REH) is a supplier of plumbing, bathroom, heating ventilation, and air-conditioning products. The company's activities include importing, wholesaling, distribution, marketing, and retailing.

    It supplies customers in the trade, retail, professional and commercial markets in Australia, New Zealand, and the US. Its plumbing and bathroom products are sourced both locally and internationally and can be found in more than 600 locations across Australia.

    REH Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    15 Nov 2024 $24.50 $0.44 1.83% 448,055 $24.04 $24.59 $23.94
    14 Nov 2024 $24.06 $0.20 0.84% 272,163 $24.00 $24.20 $23.70
    13 Nov 2024 $23.86 $-0.09 -0.38% 476,257 $23.58 $23.92 $23.46
    12 Nov 2024 $23.95 $0.28 1.18% 392,141 $23.84 $24.55 $23.70
    11 Nov 2024 $23.67 $-0.13 -0.55% 329,139 $23.69 $23.82 $23.53
    08 Nov 2024 $23.80 $0.52 2.23% 719,175 $23.56 $24.06 $23.45
    07 Nov 2024 $23.28 $0.22 0.95% 435,847 $22.90 $23.44 $22.75
    06 Nov 2024 $23.06 $0.43 1.90% 746,483 $22.98 $23.06 $22.63
    05 Nov 2024 $22.63 $-0.27 -1.18% 250,005 $22.68 $22.76 $22.54
    04 Nov 2024 $22.90 $0.22 0.97% 313,009 $22.91 $23.08 $22.60
    01 Nov 2024 $22.68 $-0.13 -0.57% 370,239 $22.76 $22.83 $22.47
    31 Oct 2024 $22.81 $-0.04 -0.18% 480,330 $22.75 $22.86 $22.57
    30 Oct 2024 $22.85 $-0.36 -1.55% 516,657 $23.11 $23.17 $22.60
    29 Oct 2024 $23.21 $-0.29 -1.23% 648,989 $23.87 $23.91 $23.21
    28 Oct 2024 $23.50 $-0.21 -0.89% 455,842 $23.73 $24.03 $23.47
    25 Oct 2024 $23.71 $-0.74 -3.03% 696,561 $24.49 $24.51 $23.49
    24 Oct 2024 $24.45 $-2.11 -7.94% 1,085,124 $25.01 $25.58 $24.13
    23 Oct 2024 $26.56 $0.16 0.61% 304,915 $26.55 $26.70 $26.26
    22 Oct 2024 $26.40 $-0.70 -2.58% 288,801 $26.90 $26.95 $26.18
    21 Oct 2024 $27.10 $0.53 1.99% 283,681 $26.86 $27.25 $26.68
    18 Oct 2024 $26.57 $-0.28 -1.04% 344,965 $27.01 $27.13 $26.41

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    24 Oct 2024 Peter Wilson Issued 234,699 $5,738,390
    Issue of securities. 818,361 Rights, As per announcement on 24-10-2024
    24 Oct 2024 Sasha Nikolic Issued 84,491 $2,065,804
    Issue of securities. 84,491 Rights
    13 Sep 2024 Sasha Nikolic Buy 350 $9,569
    On-market trade.
    16 Apr 2024 Karen Penrose Buy 1,110 $29,859
    On-market trade.
    24 Nov 2023 Leslie Wilson Transfer 1,000,000 $18,831,000
    Off-market transfer.

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr Ross Maxwell McEwan Non-Executive Director Oct 2024
    Mr McEwan has more than 30 years of experience, holding executive roles in the financial services industry including as the CEO and Managing Director of National Australia Bank from 2019 until April 2024 and Group CEO of the Royal Bank of Scotland (RBS) from 2013 to 2019. Prior to this, he held executive roles at Commonwealth Bank of Australia, First NZ Capital Securities and National Mutual Life Association of Australasia / AXA New Zealand. He is currently a Non-Executive Director of BHP. Ross is also on the Board of QinetiQ Group plc, Ruminant Biotech Corp Limited, and Ruminant Biotech Australia Pty Ltd. Ross is also a Director of the Massey University Foundation Board.
    Mr Leslie Alan Wilson Executive Director Jun 1969
    Mr LWilson has had nearly 61 years of experience working in plumbing distribution and is has worked 51 years at Reece as General Manager, Deputy Chairman and Managing Director.
    Mr Peter John Wilson Executive DirectorChief Executive OfficerExecutive Chairman Feb 1997
    Mr Wilson has more than 26 years of experience working with Reece, commencing his career in branch before being Marketing Manager, General Manager Operations and then Chief Operating Officer in 2005.
    Ms Megan Louise Quinn Non-Executive Director Sep 2017
    Ms Quinn has more than 26 years of experience in retail, advertising, marketing, publishing, supply chain and finance, having worked in senior executive and consulting roles in Australia and internationally. She has held a senior executive and Non-Executive Director roles, including at Harrods and zipMoney Limited. She is also a member of the Risk Committee.
    Mr Bruce C Wilson Non-Executive Director Sep 2016
    Mr Wilson has more than 20 years of experience in the plumbing industry working at Wilson Sheet Metals, a manufacturer of rainwater products and accessories for trade customers.
    Mr Andrew William Wilson Non-Executive Director Sep 2018
    Mr Wilson has more than 21 years of experience in finance with national and multi-national companies in Australia and abroad including senior roles in the fields of audit and risk management, tax and treasury. He is also member of the Risk Committee.
    Ms Sasha Nikolic Managing DirectorPresident Jul 2024
    --
    Ms Angela Mentis Non-Executive Director Nov 2024
    Ms Mentis has more than 30 years experience in executive roles in the financial services industry, including being responsible for the digital and data strategy at National Australia Bank from 2021 to 2023, and as Chief Executive Officer of the Bank of New Zealand from 2018 to 2021. Angela brings strategic expertise in large scale customer and culture transformations, with a focus on digital, data, technology, innovation, people and culture. Angela is currently a Director and Chair of the Audit, Risk and Compliance Committee at FirstCape Group Limited, based in New Zealand. Angela has also held previous directorship roles including Bank of New Zealand.
    Ms Chantelle Duffy Company Secretary Jul 2020
    -
    Andrew Young Chief Financial Officer (CFO) and Chief Financial Officer Australia and New Zealand (ANZ CFO)
    -
    Chantelle Duffy Company Secretary
    -
    Chip Hornsby Executive Chair United States
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    L.T. Wilson Pty Ltd 157,200,000 24.33%
    J P Morgan Nominees Australia Limited 72,668,414 11.25%
    L.T.W. Holdings Pty Ltd 60,000,000 9.29%
    HSBC Custody Nominees (Australia) Limited 57,908,931 8.96%
    Warramunda Investments Pty Ltd 48,645,000 7.53%
    Geronimo Custodian Pty Ltd 26,580,080 4.11%
    Glentemp Custodian Pty Ltd 25,820,366 4.00%
    Citicorp Nominees Pty Ltd 18,715,916 2.90%
    W.A.L. Investments Pty Ltd 16,801,600 2.60%
    HSBC Custody Nominees (Australia) Limited Florizel Investments Pty Ltd 16,801,600 2.60%
    J.G.W. Investments Pty Ltd 16,801,600 2.60%
    Austral Hardware Pty Ltd 14,925,000 2.31%
    Austral Hardware (Healesville) Pty Ltd 12,000,000 1.86%
    Addawarra Nominees Pty Ltd 11,550,000 1.79%
    Wilaust Holdings Pty Ltd 8,730,000 1.35%
    Australian Foundation Investment Company Limited 5,940,000 0.92%
    BNP Paribas Nominees Pty Ltd (Agency Lending DRP A/C) 5,875,591 0.91%
    Argo Investments Ltd 5,114,741 0.79%
    John G. Wilson 4,671,819 0.72%
    BNP Paribas Nominees Pty Ltd 3,480,611 0.55%

    Profile

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