Principal Financial Group Inc. Has $219.04 Million Position in Reliance, Inc. $RS

Posted by Brenda Bartman on Jul 15th, 2026

Principal Financial Group Inc. lessened its holdings in Reliance, Inc. (NYSE:RS – Free Report) by 0.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 720,702 shares of the industrial products company’s stock after selling 4,146 shares during the period. Principal Financial Group Inc.’s holdings in Reliance were worth $219,040,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Elevation Wealth Partners LLC acquired a new stake in shares of Reliance during the 4th quarter worth about $28,000. Costello Asset Management INC acquired a new position in Reliance in the 1st quarter valued at about $30,000. Brown Brothers Harriman & Co. grew its stake in Reliance by 86.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock valued at $31,000 after buying an additional 50 shares during the last quarter. Quarry LP bought a new position in Reliance in the 3rd quarter valued at about $32,000. Finally, Greenline Wealth Management LLC bought a new position in Reliance in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

Reliance Stock Performance

NYSE RS opened at $388.39 on Wednesday. The firm has a 50-day moving average price of $383.04 and a two-hundred day moving average price of $342.13. Reliance, Inc. has a 12-month low of $260.31 and a 12-month high of $419.83. The company has a market capitalization of $19.83 billion, a P/E ratio of 25.34, a P/E/G ratio of 1.19 and a beta of 0.97. The company has a quick ratio of 2.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.24.

Reliance (NYSE:RS – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, topping the consensus estimate of $4.63 by $0.53. Reliance had a net margin of 5.42% and a return on equity of 11.37%. The company had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the firm earned $3.77 earnings per share. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Analysts anticipate that Reliance, Inc. will post 19.24 earnings per share for the current year.

Reliance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, May 22nd. Reliance’s dividend payout ratio (DPR) is 32.62%.

Insiders Place Their Bets

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of Reliance stock in a transaction on Monday, April 27th. The stock was sold at an average price of $358.12, for a total value of $1,253,420.00. Following the completion of the transaction, the chief financial officer directly owned 16,840 shares of the company’s stock, valued at $6,030,740.80. The trade was a 17.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

RS has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price objective on Reliance from $376.00 to $372.00 and set an “equal weight” rating for the company in a report on Thursday, July 9th. KeyCorp increased their target price on Reliance from $378.00 to $418.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Wall Street Zen upgraded Reliance from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Weiss Ratings upgraded Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Finally, JPMorgan Chase & Co. upped their price objective on Reliance from $345.00 to $378.00 and gave the company a “neutral” rating in a report on Wednesday, June 10th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $363.83.

Read Our Latest Stock Report on Reliance

Reliance Company Profile

(Free Report)

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.