Creative Planning Raises Stock Holdings in Reliance, Inc. $RS

Creative Planning raised its holdings in Reliance, Inc. (NYSE:RS) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,838 shares of the industrial products company’s stock after purchasing an additional 718 shares during the period. Creative Planning owned about 0.13% of Reliance worth $21,294,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in RS. TCTC Holdings LLC grew 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 valued at $25,000 after acquiring an additional 50 shares during the period. Private Trust Co. NA lifted its holdings in Reliance by 417.6% during the second quarter. Private Trust Co. NA now owns 88 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 71 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Reliance in the first quarter valued at about $29,000. Allworth Financial LP increased its stake in shares of Reliance by 46.3% during the second quarter. Allworth Financial LP now owns 139 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 44 shares in the last quarter. Finally, Transamerica Financial Advisors LLC raised 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 worth $45,000 after purchasing an additional 131 shares during the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RS. BMO Capital Markets lowered their price objective on Reliance from $340.00 to $315.00 and set an “outperform” rating on the stock in a report on Friday, October 24th. Zacks Research lowered Reliance from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Reliance in a research report on Thursday. JPMorgan Chase & Co. decreased their price objective on Reliance from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Monday, October 13th. Finally, Wells Fargo & Company upped their target price on shares of Reliance from $284.00 to $287.00 and gave the stock an “equal weight” rating in a report on Friday. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $323.00.

Reliance Trading Down 1.3%

Shares of RS opened at $269.82 on Monday. Reliance, Inc. has a 12-month low of $250.07 and a 12-month high of $347.43. The firm has a market capitalization of $14.11 billion, a P/E ratio of 19.72, a P/E/G ratio of 1.46 and a beta of 0.90. The firm has a 50-day moving average price of $280.67 and a 200 day moving average price of $295.80. The company has a current ratio of 4.43, a quick ratio of 2.08 and a debt-to-equity ratio of 0.19.

Reliance (NYSE:RS) last announced its quarterly 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 firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the prior year, the business earned $3.64 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. Sell-side analysts forecast that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 21st will be issued a dividend of $1.20 per share. The ex-dividend date is Friday, November 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.8%. Reliance’s dividend payout ratio is currently 35.09%.

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.