Strs Ohio Acquires 2,016 Shares of Reliance, Inc. $RS

Strs Ohio lifted its holdings in Reliance, Inc. (NYSE:RS) by 39.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,067 shares of the industrial products company’s stock after buying an additional 2,016 shares during the quarter. Strs Ohio’s holdings in Reliance were worth $2,218,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. TCTC Holdings LLC raised its holdings in Reliance by 138.9% during the 1st quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 50 shares during the last quarter. Private Trust Co. NA raised its holdings in Reliance by 417.6% during the 2nd quarter. Private Trust Co. NA now owns 88 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 71 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in Reliance during the 1st quarter worth about $29,000. Wayfinding Financial LLC bought a new stake in Reliance during the 1st quarter worth about $30,000. Finally, Transamerica Financial Advisors LLC raised its holdings in Reliance by 595.5% during the 1st quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 131 shares during the last quarter. 79.26% of the stock is owned by institutional investors.

Reliance Stock Down 0.5%

Shares of NYSE:RS opened at $280.89 on Tuesday. Reliance, Inc. has a 52 week low of $250.07 and a 52 week high of $347.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.08 and a current ratio of 4.43. The company has a market capitalization of $14.69 billion, a PE ratio of 20.53, a PEG ratio of 1.46 and a beta of 0.87. The company has a 50 day moving average price of $284.38 and a two-hundred day moving average price of $296.36.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). Reliance had a return on equity of 10.37% and a net margin of 5.23%.The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the previous year, the company posted $3.64 earnings per share. Reliance’s revenue for the quarter was up 6.8% compared to the same quarter last year. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. Analysts forecast that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, November 21st. Reliance’s dividend payout ratio is presently 35.09%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wells Fargo & Company dropped their price objective on Reliance from $296.00 to $284.00 and set an “equal weight” rating for the company in a report on Friday, October 24th. Zacks Research cut Reliance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Reliance in a report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price objective on Reliance from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Monday, October 13th. Finally, BMO Capital Markets lowered their price target on Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. Three equities research 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, Reliance presently has an average rating of “Hold” and a consensus price target of $322.40.

Reliance 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.