Trust Co. of Toledo NA OH Takes Position in Reliance, Inc. $RS

Trust Co. of Toledo NA OH acquired a new stake in Reliance, Inc. (NYSE:RS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 216 shares of the industrial products company’s stock, valued at approximately $68,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. TCTC Holdings LLC lifted its stake in shares of 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 purchasing an additional 50 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Reliance in the 1st quarter valued at about $29,000. Wayfinding Financial LLC acquired a new position in shares of Reliance in the 1st quarter valued at about $30,000. Transamerica Financial Advisors LLC lifted its stake in shares of 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 purchasing an additional 131 shares in the last quarter. Finally, Hemington Wealth Management lifted its stake in shares of 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 purchasing an additional 35 shares in the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wells Fargo & Company raised Reliance to a “hold” rating in a research note on Thursday, August 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Reliance in a research report on Wednesday, October 8th. JPMorgan Chase & Co. initiated coverage on Reliance in a research report on Tuesday, September 9th. They set an “overweight” rating and a $350.00 price target on the stock. Finally, Zacks Research lowered Reliance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $328.80.

Reliance Stock Performance

Shares of RS opened at $272.00 on Monday. The business’s 50 day moving average is $287.74 and its two-hundred day moving average is $296.24. Reliance, Inc. has a 52-week low of $250.07 and a 52-week high of $347.43. The firm has a market cap of $14.31 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 1.30 and a beta of 0.87. The company has a quick ratio of 1.51, a current ratio of 3.18 and a debt-to-equity ratio of 0.14.

Reliance (NYSE:RS) last announced its earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.29). Reliance had a net margin of 5.39% and a return on equity of 10.48%. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same period in the previous year, the company earned $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. Analysts forecast that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, August 15th. Reliance’s dividend payout ratio is presently 35.04%.

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.