Reliance, Inc. $RS Shares Sold by TD Asset Management Inc

TD Asset Management Inc lessened its stake in Reliance, Inc. (NYSE:RS) by 11.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 109,940 shares of the industrial products company’s stock after selling 14,115 shares during the quarter. TD Asset Management Inc owned approximately 0.21% of Reliance worth $30,874,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Guerra Advisors Inc bought a new stake in shares of Reliance in the 3rd quarter valued at approximately $34,000. Root Financial Partners LLC bought a new stake in Reliance during the third quarter valued at $38,000. Allworth Financial LP increased its stake in Reliance by 46.3% during the second quarter. Allworth Financial LP now owns 139 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 44 shares during the last quarter. Caldwell Trust Co acquired a new stake in shares of Reliance during the second quarter worth $58,000. Finally, Transamerica Financial Advisors LLC lifted its position in shares of Reliance by 31.4% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 201 shares of the industrial products company’s stock worth $63,000 after buying an additional 48 shares during the last quarter. Institutional investors own 79.26% of the company’s stock.

Reliance Stock Performance

RS opened at $315.25 on Friday. The stock’s 50 day simple moving average is $320.25 and its 200-day simple moving average is $296.14. The company has a current ratio of 4.88, a quick ratio of 2.30 and a debt-to-equity ratio of 0.20. The stock has a market cap of $16.48 billion, a PE ratio of 22.57, a P/E/G ratio of 1.89 and a beta of 0.92. Reliance, Inc. has a 1 year low of $250.07 and a 1 year high of $365.59.

Reliance (NYSE:RS) last announced its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.80 by ($0.40). The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.45 billion. Reliance had a net margin of 5.17% and a return on equity of 10.45%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the firm earned $2.22 EPS. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. Sell-side analysts forecast that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be paid a $1.25 dividend. The ex-dividend date is Friday, March 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. This is an increase from Reliance’s previous quarterly dividend of $1.20. Reliance’s dividend payout ratio is currently 34.36%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of Reliance from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $340.00 to $330.00 in a research note on Friday, February 20th. Zacks Research upgraded Reliance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Wells Fargo & Company raised their price target on Reliance from $287.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. BMO Capital Markets lowered Reliance from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $340.00 to $320.00 in a research report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reliance in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $321.67.

Insider Buying and Selling

In other Reliance news, CEO Karla R. Lewis sold 5,809 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $283.50, for a total transaction of $1,646,851.50. Following the completion of the transaction, the chief executive officer directly owned 84,421 shares in the company, valued at $23,933,353.50. This represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Stephen Paul Koch sold 24,060 shares of Reliance stock in a transaction 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 transaction, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at approximately $4,509,434.02. The trade was a 63.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 32,935 shares of company stock valued at $10,254,424. 0.35% of the stock is currently owned by 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.