Reliance, Inc. $RS Stake Lifted by TD Private Client Wealth LLC

TD Private Client Wealth LLC increased its stake in Reliance, Inc. (NYSE:RS) by 24.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 4,643 shares of the industrial products company’s stock after acquiring an additional 915 shares during the period. TD Private Client Wealth LLC’s holdings in Reliance were worth $1,457,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its holdings in shares of Reliance by 2.0% in the second quarter. Public Employees Retirement System of Ohio now owns 23,129 shares of the industrial products company’s stock valued at $7,260,000 after acquiring an additional 462 shares in the last quarter. Occidental Asset Management LLC boosted its holdings in shares of Reliance by 1.3% in the second quarter. Occidental Asset Management LLC now owns 17,659 shares of the industrial products company’s stock valued at $5,543,000 after acquiring an additional 233 shares in the last quarter. Oliver Luxxe Assets LLC boosted its holdings in shares of Reliance by 3.4% in the second quarter. Oliver Luxxe Assets LLC now owns 21,859 shares of the industrial products company’s stock valued at $6,862,000 after acquiring an additional 715 shares in the last quarter. Masso Torrence Wealth Management Inc. boosted its holdings in shares of Reliance by 5.8% in the second quarter. Masso Torrence Wealth Management Inc. now owns 1,111 shares of the industrial products company’s stock valued at $349,000 after acquiring an additional 61 shares in the last quarter. Finally, Sowell Financial Services LLC bought a new position in shares of Reliance in the second quarter valued at approximately $397,000. 79.26% of the stock is currently owned by institutional investors.

Reliance Stock Down 1.2%

Shares of NYSE:RS opened at $280.90 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.51 and a current ratio of 3.18. The company has a market cap of $14.77 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.36 and a beta of 0.89. Reliance, Inc. has a 52 week low of $250.07 and a 52 week high of $347.43. The firm has a 50 day simple moving average of $294.69 and a 200 day simple moving average of $296.32.

Reliance (NYSE:RS) last issued its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.29). The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.66 billion. Reliance had a net margin of 5.39% and a return on equity of 10.48%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $4.65 EPS. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. As a group, research analysts expect that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, August 15th. Reliance’s dividend payout ratio is 35.04%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RS. JPMorgan Chase & Co. began coverage on shares of Reliance in a report on Tuesday, September 9th. They set an “overweight” rating and a $350.00 target price for the company. Zacks Research cut shares of Reliance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, Wells Fargo & Company upgraded shares of Reliance to a “hold” rating in a report on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $328.80.

About Reliance

Reliance, Inc operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.