Reliance, Inc. $RS Stock Position Increased by Vise Technologies Inc.

Vise Technologies Inc. lifted its holdings in shares of Reliance, Inc. (NYSE:RS) by 36.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,832 shares of the industrial products company’s stock after buying an additional 1,293 shares during the quarter. Vise Technologies Inc.’s holdings in Reliance were worth $1,859,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. MGO One Seven LLC raised its position in Reliance by 34.5% during the third quarter. MGO One Seven LLC now owns 4,765 shares of the industrial products company’s stock worth $1,833,000 after acquiring an additional 1,221 shares during the period. Choreo LLC lifted its holdings in Reliance by 6.1% during the third quarter. Choreo LLC now owns 1,502 shares of the industrial products company’s stock valued at $578,000 after purchasing an additional 86 shares in the last quarter. Childress Capital Advisors LLC grew its position in shares of Reliance by 4.9% in the third quarter. Childress Capital Advisors LLC now owns 600 shares of the industrial products company’s stock valued at $231,000 after purchasing an additional 28 shares during the period. Generali Asset Management SPA SGR grew its position in shares of Reliance by 739.1% in the third quarter. Generali Asset Management SPA SGR now owns 1,460 shares of the industrial products company’s stock valued at $562,000 after purchasing an additional 1,286 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in shares of Reliance by 9.3% during the third quarter. Asset Management One Co. Ltd. now owns 41,580 shares of the industrial products company’s stock worth $16,001,000 after purchasing an additional 3,522 shares in the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Key Headlines Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Zacks Research raised several future earnings forecasts, including FY2028 EPS to $19.13 from $18.09, and kept its “Strong-Buy” rating. Estimates also increased for Q2 and Q3 2027 and Q1 and Q3 2028, suggesting improved expectations across much of the forecast period. Reliance analyst coverage
• Positive Sentiment: Recent results provide additional support: Reliance reported quarterly EPS of $8.02, above the $6.83 consensus, while revenue also topped estimates and rose 42.8% year over year.
• Neutral Sentiment: Reports about Reliance Jio’s ₹15 unlimited 5G data pack concern Jio and its parent, Reliance Industries—not the U.S.-listed Reliance, Inc. (RS)—so they are not a direct business catalyst for RS. Jio data-pack article
• Negative Sentiment: Zacks lowered its Q2 2028 EPS estimate to $4.45 from $4.66, a counterpoint to its other upward revisions. Reliance analyst coverage

Analysts Set New Price Targets

RS has been the topic of a number of research reports. Barclays raised their price target on shares of Reliance from $420.00 to $445.00 and gave the company an “equal weight” rating in a research note on Monday, October 26th. JPMorgan Chase & Co. increased their target price on Reliance from $400.00 to $420.00 and gave the company a “neutral” rating in a report on Wednesday, October 28th. BMO Capital Markets raised their target price on Reliance from $390.00 to $415.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Citigroup restated a “neutral” rating on shares of Reliance in a research report on Wednesday, July 29th. Finally, KeyCorp lifted their price target on Reliance from $421.00 to $437.00 and gave the stock an “overweight” rating in a research note on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $400.29.

Reliance Stock Performance

NYSE:RS opened at $413.42 on Friday. The company has a fifty day simple moving average of $404.39 and a two-hundred day simple moving average of $370.58. The company has a market cap of $21.06 billion, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 0.91 and a beta of 0.95. The company has a quick ratio of 2.22, a current ratio of 4.12 and a debt-to-equity ratio of 0.21. Reliance, Inc. has a 52 week low of $263.12 and a 52 week high of $454.93.

Reliance (NYSE:RS) last released its quarterly earnings results on Wednesday, October 21st. The industrial products company reported $8.02 EPS for the quarter, beating the consensus estimate of $6.83 by $1.19. Reliance had a net margin of 6.38% and a return on equity of 15.31%. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter in the prior year, the firm earned $3.64 EPS. Reliance’s revenue for the quarter was up 42.8% on a year-over-year basis. As a group, equities analysts anticipate that Reliance, Inc. will post 25.68 earnings per share for the current fiscal year.

Reliance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 20th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 20th. Reliance’s payout ratio is 23.31%.

Insider Transactions at Reliance

In other news, COO Stephen Koch sold 8,334 shares of the stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $430.87, for a total value of $3,590,870.58. Following the completion of the sale, the chief operating officer owned 8,209 shares of the company’s stock, valued at $3,537,011.83. This represents a 50.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

About Reliance

Reliance, Inc (NYSE: RS) is a diversified metals service center company that supplies processed metal products and related services to industrial manufacturers, fabricators, and other commercial customers. Its product offerings include carbon steel, stainless steel, aluminum, copper, brass, and other specialty metals.

The company provides value-added processing services such as cutting, slitting, leveling, blanking, machining, forming, and precision sawing. These services allow customers to purchase metals in customized sizes and specifications, helping reduce their need for in-house processing and inventory management.

Founded in 1939, Reliance serves a broad range of industries, including nonresidential construction, transportation, aerospace and defense, energy, electronics, machinery, and general manufacturing.