Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $1.13 Million Stock Position in Reliance, Inc. $RS

Empirical Financial Services LLC d.b.a. Empirical Wealth Management reduced its stake in Reliance, Inc. (NYSE:RS) by 34.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,596 shares of the industrial products company’s stock after selling 1,863 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Reliance were worth $1,129,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in RS. TCTC Holdings LLC lifted its position in Reliance by 138.9% in the 1st quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 50 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Reliance in the 1st quarter valued at $29,000. Wayfinding Financial LLC bought a new stake in Reliance in the 1st quarter valued at $30,000. Transamerica Financial Advisors LLC lifted its position in Reliance by 595.5% in the 1st quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 131 shares in the last quarter. Finally, Hemington Wealth Management lifted its position in Reliance by 18.0% in the 1st quarter. Hemington Wealth Management now owns 229 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 35 shares in the last quarter. 79.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RS shares. Wells Fargo & Company raised shares of Reliance to a “hold” rating in a research report on Thursday, August 14th. Zacks Research cut shares of Reliance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Reliance in a research report on Saturday, September 27th. Finally, JPMorgan Chase & Co. began coverage on shares of Reliance in a research report on Tuesday, September 9th. They set an “overweight” rating and a $350.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $328.80.

Reliance Stock Down 0.7%

Reliance stock opened at $283.48 on Friday. The company’s 50-day moving average price is $289.24 and its two-hundred day moving average price is $296.50. The company has a quick ratio of 1.51, a current ratio of 3.18 and a debt-to-equity ratio of 0.14. The stock has a market cap of $14.91 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.35 and a beta of 0.87. Reliance, Inc. has a twelve month low of $250.07 and a twelve month high of $347.43.

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

Reliance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid 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 payout ratio is 35.04%.

Reliance Company Profile

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.