Reliance, Inc. $RS Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its stake in shares of Reliance, Inc. (NYSE:RS) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,108,090 shares of the industrial products company’s stock after selling 34,461 shares during the quarter. Franklin Resources Inc.’s holdings in Reliance were worth $320,094,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elevation Wealth Partners LLC acquired a new stake in shares of Reliance during the 4th quarter worth approximately $28,000. Quarry LP acquired a new stake in Reliance in the 3rd quarter valued at approximately $32,000. Elyxium Wealth LLC acquired a new stake in Reliance in the 4th quarter valued at approximately $36,000. Advisory Services Network LLC acquired a new stake in Reliance in the 3rd quarter valued at approximately $39,000. Finally, Sound Income Strategies LLC acquired a new stake in Reliance in the 4th quarter valued at approximately $40,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. The Goldman Sachs Group assumed coverage on Reliance in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $300.00 target price on the stock. Bank of America cut Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price on the stock. in a research report on Thursday, April 30th. Wall Street Zen upgraded Reliance from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Seaport Research Partners raised their target price on Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, KeyCorp raised their target price on Reliance from $341.00 to $378.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $352.33.

Reliance Stock Performance

Shares of NYSE RS opened at $396.54 on Tuesday. The stock has a fifty day moving average price of $350.80 and a two-hundred day moving average price of $322.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 4.39. The firm has a market cap of $20.24 billion, a P/E ratio of 25.87, a PEG ratio of 1.22 and a beta of 0.95. Reliance, Inc. has a 1 year low of $260.31 and a 1 year high of $401.41.

Reliance (NYSE:RS) last issued its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.63 by $0.53. The firm had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.89 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The firm’s quarterly revenue 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. Research analysts forecast that Reliance, Inc. will post 18.98 EPS for the current fiscal year.

Reliance Announces Dividend

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

Insider Buying and Selling at Reliance

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

Reliance Company Profile

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.