Copeland Capital Management LLC Sells 94,186 Shares of Reliance, Inc. $RS

Key Points

• Copeland Capital Management cut its Reliance stake by 96.1%, selling 94,186 shares and retaining 3,838 shares worth approximately $1.48 million. Institutional investors and hedge funds still own 79.26% of the company.
• Reliance’s latest quarterly results exceeded expectations, with EPS of $6.27 versus the $5.47 consensus and revenue up 26.5% year over year. The company guided to third-quarter EPS of $6.40–$6.60, while analysts maintain a consensus “Hold” rating and a $387.43 price target.
• RS shares opened at $406.76, near the upper end of their 52-week range, and the company pays a quarterly dividend of $1.25, equivalent to a 1.2% yield and $5.00 annualized payout.

Copeland Capital Management LLC cut its stake in shares of Reliance, Inc. (NYSE:RS - Free Report) by 96.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,838 shares of the industrial products company's stock after selling 94,186 shares during the period. Copeland Capital Management LLC's holdings in Reliance were worth $1,477,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RS. BlackRock Inc. acquired a new stake in Reliance during the 2nd quarter worth $2,171,081,000. Bank of New York Mellon Corp acquired a new position in shares of Reliance in the 2nd quarter valued at approximately $176,913,000. William Blair Investment Management LLC bought a new stake in shares of Reliance during the second quarter worth $142,900,000. Corient Private Wealth LP acquired a new position in Reliance in the 2nd quarter worth $129,799,000. Finally, XXEC Inc. acquired a new position in Reliance in the 2nd quarter worth $127,493,000. 79.26% of the stock is owned by institutional investors and hedge funds.

More Reliance News

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Analysts expect Reliance, Inc. to deliver solid earnings in its upcoming report, with Zacks citing favorable conditions for a potential earnings beat. The company previously reported quarterly EPS of $6.27, ahead of the $5.47 consensus estimate, while revenue rose 26.5% year over year. Reliance earnings expectations
• Positive Sentiment: Reliance, Inc. is projected to release earnings on Wednesday. Investors will focus on whether results and forward guidance support the company’s current valuation and its expected full-year EPS of approximately $23.70. Reliance projected earnings release
• Neutral Sentiment: Reliance Industries’ Jio Platforms set a ₹1,065–₹1,119 IPO price band and plans to open the offering on October 21. Reports describe a potential record-sized issue, strong investor demand, and a reservation for Reliance Industries shareholders. These developments may affect Reliance Industries, but they do not directly change the fundamentals of Reliance, Inc. (RS). Jio Platforms IPO prospectus
• Neutral Sentiment: Reliance Consumer, another Reliance Industries business, launched ₹20 Joyland flavored milk in Tamil Nadu. The new product expands its competition with ITC, Amul, and other beverage brands, but it has no direct connection to RS. Reliance Consumer Joyland launch
• Neutral Sentiment: Reports about an enforcement action involving ₹2,027 crore of Sasan Power shares concern Reliance Power, not Reliance, Inc. (RS), and should not be treated as a direct catalyst for the U.S.-listed stock. Reliance Power enforcement action

Wall Street Analysts Forecast Growth

RS has been the topic of several recent research reports. Citigroup reissued a "neutral" rating on shares of Reliance in a research note on Wednesday, July 29th. Barclays assumed coverage on shares of Reliance in a report on Wednesday. They set an "equal weight" rating and a $420.00 target price for the company. Wells Fargo & Company decreased their target price on shares of Reliance from $398.00 to $391.00 and set an "equal weight" rating for the company in a research report on Monday, August 24th. Wall Street Zen downgraded shares of Reliance from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Finally, BMO Capital Markets lifted their price target on shares of Reliance from $390.00 to $415.00 and gave the company a "market perform" rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Reliance currently has a consensus rating of "Hold" and a consensus target price of $387.43.

Insider Buying and Selling at Reliance

In other news, CFO Arthur Ajemyan sold 2,200 shares of the business's stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $410.11, for a total transaction of $902,242.00. Following the completion of the sale, the chief financial officer owned 14,640 shares in the company, valued at $6,004,010.40. The trade was a 13.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP William A. Smith II sold 2,353 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $414.21, for a total value 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 represents a 10.82% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is owned by insiders.

Reliance Stock Up 0.7%

Shares of RS stock opened at $406.76 on Thursday. Reliance, Inc. has a 52-week low of $260.31 and a 52-week high of $433.02. The stock has a market cap of $20.77 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 0.93 and a beta of 0.95. The firm's 50-day moving average is $398.87 and its 200-day moving average is $380.70. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.27 and a current ratio of 4.30.

Reliance (NYSE:RS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 EPS for the quarter, topping analysts' consensus estimates of $5.47 by $0.80. The business had revenue of $4.63 billion during the quarter, compared to analysts' expectations of $4.26 billion. Reliance had a return on equity of 12.51% and a net margin of 5.65%. Reliance's quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter last year, the company posted $4.43 earnings per share. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. Sell-side analysts predict that Reliance, Inc. will post 23.70 EPS for the current year.

Reliance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, August 14th. Reliance's payout ratio is currently 29.07%.

About Reliance

Reliance, operating as Reliance Steel & Aluminum Co NYSE: RS, is a diversified metals service center company. It distributes a broad range of metals, including carbon steel, stainless steel, aluminum, copper, brass, titanium and specialty steel products, serving manufacturers, fabricators, construction companies and other industrial customers.

The company provides value-added services designed to prepare metals for customer use. These services include cutting, leveling, slitting, sawing, machining, forming, coating, welding and other fabrication processes.

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