Reliance, Inc. $RS Shares Sold by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. reduced its stake in Reliance, Inc. by 3.2%, selling 8,672 shares to hold approximately 264,458 shares valued at $76.36 million.
• Reliance reported a quarterly earnings miss with $4.43 EPS compared to an expected $4.72, although revenue met estimates at $3.66 billion.
• The company announced a quarterly dividend of $1.20, set to be paid to shareholders on August 29, reflecting a yield of 1.6% and a payout ratio of 35.04%.

Epoch Investment Partners Inc. decreased its holdings in Reliance, Inc. (NYSE:RS - Free Report) by 3.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 264,458 shares of the industrial products company's stock after selling 8,672 shares during the period. Epoch Investment Partners Inc. owned about 0.50% of Reliance worth $76,362,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in shares of Reliance by 142.6% in the fourth quarter. NewEdge Advisors LLC now owns 1,548 shares of the industrial products company's stock valued at $417,000 after acquiring an additional 910 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of Reliance by 49.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 368 shares of the industrial products company's stock valued at $99,000 after purchasing an additional 121 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its position in shares of Reliance by 9.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,866 shares of the industrial products company's stock worth $1,849,000 after purchasing an additional 608 shares during the period. Aquatic Capital Management LLC purchased a new position in Reliance during the fourth quarter valued at approximately $2,005,000. Finally, Quarry LP raised its stake in Reliance by 83.7% in the fourth quarter. Quarry LP now owns 259 shares of the industrial products company's stock worth $70,000 after buying an additional 118 shares in the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Zacks Research cut Reliance from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Wells Fargo & Company upgraded Reliance to a "hold" rating in a research note on Thursday, August 14th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Reliance currently has an average rating of "Hold" and a consensus target price of $323.50.

Reliance Stock Performance

Shares of Reliance stock traded up $1.31 on Friday, reaching $295.63. 359,909 shares of the stock were exchanged, compared to its average volume of 323,263. The business has a 50 day moving average price of $306.72 and a two-hundred day moving average price of $296.62. The firm has a market capitalization of $15.55 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 1.40 and a beta of 0.89. Reliance, Inc. has a twelve month low of $250.07 and a twelve month high of $347.43. The company has a quick ratio of 1.51, a current ratio of 3.18 and a debt-to-equity ratio of 0.14.

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

Reliance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Reliance's dividend payout ratio (DPR) is currently 35.04%.

Reliance Company Profile

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.