Northwestern Mutual Wealth Management Co. Increases Stock Position in Reliance, Inc. $RS

Posted by Geri Gentry on May 18th, 2026

Northwestern Mutual Wealth Management Co. increased its holdings in Reliance, Inc. (NYSE:RS – Free Report) by 4,419.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 274,206 shares of the industrial products company’s stock after acquiring an additional 268,139 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Reliance were worth $79,210,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Foundations Investment Advisors LLC bought a new stake in Reliance during the 3rd quarter worth about $1,576,000. CWA Asset Management Group LLC bought a new position in Reliance in the 4th quarter worth approximately $10,297,000. Principal Financial Group Inc. raised its position in Reliance by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 755,756 shares of the industrial products company’s stock worth $212,243,000 after purchasing an additional 30,765 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Reliance in the 3rd quarter valued at $873,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of Reliance by 24.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 24,284 shares of the industrial products company’s stock valued at $7,015,000 after buying an additional 4,817 shares during the period. Institutional investors and hedge funds own 79.26% of the company’s stock.

Insider Activity at Reliance

In related news, COO Stephen Paul Koch sold 24,060 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $321.62, for a total value of $7,738,177.20. Following the sale, the chief operating officer directly owned 14,021 shares in the company, valued at $4,509,434.02. This trade represents a 63.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP William A. Smith II sold 6,615 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $298.61, for a total transaction of $1,975,305.15. Following the completion of the sale, the senior vice president owned 21,747 shares in the company, valued at $6,493,871.67. This represents a 23.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 34,175 shares of company stock worth $10,966,902 in the last ninety days. Company insiders own 0.40% of the company’s stock.

Reliance Stock Performance

Shares of NYSE:RS opened at $361.35 on Monday. The company has a market capitalization of $18.45 billion, a price-to-earnings ratio of 23.57, a P/E/G ratio of 1.12 and a beta of 0.95. The firm’s 50 day simple moving average is $325.73 and its 200 day simple moving average is $311.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24. Reliance, Inc. has a fifty-two week low of $260.31 and a fifty-two week high of $381.00.

Reliance (NYSE:RS – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.63 by $0.53. The business had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.89 billion. Reliance had a net margin of 5.42% and a return on equity of 11.37%. Reliance’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period last year, the company posted $3.77 EPS. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. As a group, sell-side analysts forecast that Reliance, Inc. will post 18.98 earnings per share for the current year.

Reliance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, May 22nd. Reliance’s dividend payout ratio (DPR) is currently 32.62%.

Wall Street Analyst Weigh In

Several research firms have recently commented on RS. BMO Capital Markets lifted their target price on Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a research note on Monday, April 27th. Wells Fargo & Company upped their target price on shares of Reliance from $323.00 to $330.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. KeyCorp upped their target price on shares of Reliance from $341.00 to $378.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Zacks Research upgraded shares of Reliance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Finally, The Goldman Sachs Group began coverage on shares of Reliance in a research report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $344.67.

Read Our Latest Stock Analysis on RS

Reliance 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.