Dearborn Partners LLC Takes $7.35 Million Position in Reliance, Inc. $RS

Dearborn Partners LLC purchased a new stake in Reliance, Inc. (NYSE:RS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,175 shares of the industrial products company’s stock, valued at approximately $7,347,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Costello Asset Management INC purchased a new position in shares of Reliance in the 1st quarter valued at about $30,000. N.E.W. Advisory Services LLC purchased a new position in Reliance in the second quarter valued at about $37,000. Brown Brothers Harriman & Co. increased its holdings in Reliance by 86.2% in the fourth 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 in the last quarter. Greenline Wealth Management LLC acquired a new stake in shares of Reliance during the 4th quarter valued at approximately $32,000. Finally, Quarry LP acquired a new stake in shares of Reliance during the 3rd quarter valued at approximately $32,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RS. Wall Street Zen raised Reliance from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Citigroup reissued a “neutral” rating on shares of Reliance in a report on Wednesday, July 29th. Seaport Research Partners raised their price target on Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Reliance in a research note on Thursday, August 13th. Finally, KeyCorp boosted their price objective on shares of Reliance from $378.00 to $418.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $377.50.

Reliance Trading Down 1.5%

Shares of Reliance stock opened at $382.26 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.30 and a quick ratio of 2.27. Reliance, Inc. has a 1 year low of $260.31 and a 1 year high of $433.02. The company has a market capitalization of $19.52 billion, a P/E ratio of 22.22, a P/E/G ratio of 1.00 and a beta of 0.96. The business has a 50 day moving average price of $398.33 and a 200 day moving average price of $361.18.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.47 by $0.80. The firm had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.26 billion. Reliance had a return on equity of 12.51% and a net margin of 5.65%.Reliance’s revenue was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.43 EPS. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. Sell-side analysts anticipate that Reliance, Inc. will post 22.23 EPS for the current fiscal year.

Reliance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Reliance’s dividend payout ratio (DPR) is presently 29.07%.

Insiders Place Their Bets

In other Reliance news, CFO Arthur Ajemyan sold 2,200 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $410.11, for a total transaction of $902,242.00. Following the sale, the chief financial officer directly owned 14,640 shares of the company’s stock, valued at $6,004,010.40. This trade represents a 13.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP William A. Smith II sold 2,353 shares of Reliance stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $414.21, for a total transaction of $974,636.13. Following the sale, the senior vice president owned 19,394 shares of the company’s stock, valued at approximately $8,033,188.74. This trade represents a 10.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is owned by company insiders.

Reliance 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.