US Bancorp DE Purchases 192 Shares of Reliance, Inc. $RS

US Bancorp DE boosted its position in Reliance, Inc. (NYSE:RS) by 9.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,267 shares of the industrial products company’s stock after purchasing an additional 192 shares during the quarter. US Bancorp DE’s holdings in Reliance were worth $712,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Shell Asset Management Co. raised its holdings in Reliance by 38.0% in the second quarter. Shell Asset Management Co. now owns 14,462 shares of the industrial products company’s stock worth $4,540,000 after purchasing an additional 3,981 shares in the last quarter. KLP Kapitalforvaltning AS raised its holdings in Reliance by 21.8% in the second quarter. KLP Kapitalforvaltning AS now owns 38,600 shares of the industrial products company’s stock worth $12,117,000 after purchasing an additional 6,900 shares in the last quarter. Pure Financial Advisors LLC raised its holdings in Reliance by 3.7% in the second quarter. Pure Financial Advisors LLC now owns 9,677 shares of the industrial products company’s stock worth $3,038,000 after purchasing an additional 349 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Reliance by 378.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 34,167 shares of the industrial products company’s stock worth $10,725,000 after purchasing an additional 27,033 shares in the last quarter. Finally, Woodward Diversified Capital LLC raised its holdings in Reliance by 0.4% in the second quarter. Woodward Diversified Capital LLC now owns 78,350 shares of the industrial products company’s stock worth $24,594,000 after purchasing an additional 302 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RS shares. Weiss Ratings restated a “hold (c+)” rating on shares of Reliance in a report on Wednesday, October 8th. Wells Fargo & Company upgraded shares of Reliance to a “hold” rating in a report on Thursday, August 14th. Zacks Research downgraded shares of Reliance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Reliance from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Monday, October 13th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $327.80.

Reliance Price Performance

Shares of NYSE RS opened at $272.10 on Friday. The business’s 50 day moving average price is $286.45 and its 200 day moving average price is $295.61. The firm has a market cap of $14.31 billion, a P/E ratio of 19.86, a P/E/G ratio of 1.30 and a beta of 0.87. Reliance, Inc. has a 52 week low of $250.07 and a 52 week high of $347.43. 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 issued its earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 EPS for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.29). The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.66 billion. Reliance had a net margin of 5.39% and a return on equity of 10.48%. Reliance’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.65 EPS. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. On average, sell-side analysts expect that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Dividend Announcement

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

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.