Callan Family Office LLC Purchases Shares of 1,312 Reliance, Inc. $RS

Key Points

• Callan Family Office LLC acquired a new stake in Reliance, Inc., purchasing 1,312 shares valued at approximately $412,000 during Q2.
• Analysts have downgraded Reliance's rating, with JPMorgan cutting the target price from $350.00 to $345.00 and Zacks Research lowering it from "strong-buy" to "hold."
• Reliance has announced a quarterly dividend of $1.20, representing an annualized yield of 1.8% with a payout ratio of 35.04%.

Callan Family Office LLC purchased a new stake in Reliance, Inc. (NYSE:RS - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,312 shares of the industrial products company's stock, valued at approximately $412,000.

Other large investors also recently made changes to their positions in the company. TCTC Holdings LLC grew its holdings in shares of Reliance by 138.9% during the first quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company's stock worth $25,000 after purchasing an additional 50 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Reliance during the first quarter worth $29,000. Wayfinding Financial LLC bought a new stake in shares of Reliance during the first quarter worth $30,000. Transamerica Financial Advisors LLC grew its holdings in shares of Reliance by 595.5% during the first quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company's stock worth $45,000 after purchasing an additional 131 shares during the last quarter. Finally, Hemington Wealth Management grew its holdings in shares of Reliance by 18.0% during the first quarter. Hemington Wealth Management now owns 229 shares of the industrial products company's stock worth $66,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 79.26% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. JPMorgan Chase & Co. decreased their target price on Reliance from $350.00 to $345.00 and set an "overweight" rating on the stock in a report on Monday. Zacks Research lowered Reliance from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Wells Fargo & Company raised Reliance to a "hold" rating in a research note on Thursday, August 14th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Reliance in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $327.80.

Reliance Trading Down 1.3%

NYSE:RS opened at $272.56 on Thursday. Reliance, Inc. has a 1-year low of $250.07 and a 1-year high of $347.43. The business's 50-day moving average price is $287.04 and its two-hundred day moving average price is $295.86. The company has a current ratio of 3.18, a quick ratio of 1.51 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $14.34 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.32 and a beta of 0.87.

Reliance (NYSE:RS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.29). Reliance had a return on equity of 10.48% and a net margin of 5.39%.The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter last year, the company earned $4.65 earnings per share. The firm's revenue was up .5% compared to the same quarter last year. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. On average, equities analysts expect that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, August 15th. Reliance's dividend payout ratio is 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.

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