Mutual Advisors LLC Sells 470 Shares of Reliance, Inc. $RS

Mutual Advisors LLC decreased its position in Reliance, Inc. (NYSE:RS) by 16.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,419 shares of the industrial products company’s stock after selling 470 shares during the quarter. Mutual Advisors LLC’s holdings in Reliance were worth $741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RS shares. Zacks Research downgraded Reliance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. cut their target price on Reliance from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Monday, October 13th. Wells Fargo & Company raised Reliance to a “hold” rating in a research report on Thursday, August 14th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Reliance in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $327.80.

Reliance Stock Up 1.1%

NYSE:RS opened at $272.10 on Friday. Reliance, Inc. has a twelve month low of $250.07 and a twelve month high of $347.43. The company has a market cap of $14.31 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 1.30 and a beta of 0.87. The stock has a fifty day simple moving average of $286.45 and a 200-day simple moving average of $295.61. The company has a current ratio of 3.18, a quick ratio of 1.51 and a debt-to-equity ratio of 0.14.

Reliance (NYSE:RS) last released its 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 business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter last year, the business posted $4.65 earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. Analysts anticipate that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, August 15th. Reliance’s dividend payout ratio (DPR) is 35.04%.

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.