Johnson Investment Counsel Inc. Raises Stock Position in Reliance, Inc. $RS

Johnson Investment Counsel Inc. boosted its position in shares of Reliance, Inc. (NYSE:RS) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 12,685 shares of the industrial products company’s stock after purchasing an additional 75 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Reliance were worth $3,982,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RS. TCTC Holdings LLC grew its position in Reliance by 138.9% during 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 during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Reliance during the 1st quarter valued at about $29,000. Wayfinding Financial LLC purchased a new stake in Reliance during the 1st quarter valued at about $30,000. Transamerica Financial Advisors LLC grew its position in 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 grew its position in 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. 79.26% of the stock is owned by hedge funds and other institutional investors.

Reliance Price Performance

RS opened at $272.00 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.51 and a current ratio of 3.18. The stock has a market capitalization of $14.31 billion, a P/E ratio of 19.85, a P/E/G ratio of 1.30 and a beta of 0.87. The company’s 50-day simple moving average is $287.74 and its two-hundred day simple moving average is $296.24. Reliance, Inc. has a 52-week low of $250.07 and a 52-week high of $347.43.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.29). The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.66 billion. Reliance had a net margin of 5.39% and a return on equity of 10.48%. Reliance’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.65 EPS. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. As a group, analysts predict that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Reliance Company 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.