Rep. Lisa C. McClain Sells Reliance, Inc. (NYSE:RS) Stock

Key Points

• Representative Lisa C. McClain sold shares of Reliance, Inc. (NYSE:RS) worth between $1,001 and $15,000 on September 25, 2023.
• Reliance reported $3.64 EPS for its most recent quarter, missing expectations by four cents, but showing a revenue increase of 6.8% year-over-year.
• The company declared a quarterly dividend of $1.20 per share, to be paid on December 5, 2023, reflecting a dividend yield of 1.8%.

Representative Lisa C. McClain (R-Michigan) recently sold shares of Reliance, Inc. NYSE: RS. In a filing disclosed on October 22nd, the Representative disclosed that they had sold between $1,001 and $15,000 in Reliance stock on September 25th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of FMC NYSE: FMC on 9/25/2025.
• Sold $1,001 - $15,000 in shares of Merit Medical Systems NASDAQ: MMSI on 9/25/2025.
• Purchased $1,001 - $15,000 in shares of Darden Restaurants NYSE: DRI on 9/25/2025.
• Purchased $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 9/25/2025.
• Purchased $1,001 - $15,000 in shares of Kenvue NYSE: KVUE on 9/25/2025.
• Sold $1,001 - $15,000 in shares of Beacon Financial NYSE: BBT on 9/25/2025.
• Sold $1,001 - $15,000 in shares of British American Tobacco NYSE: BTI on 9/25/2025.
• Purchased $1,001 - $15,000 in shares of Rollins NYSE: ROL on 9/25/2025.
• Purchased $1,001 - $15,000 in shares of SAP NYSE: SAP on 9/25/2025.
• Purchased $1,001 - $15,000 in shares of MGP Ingredients NASDAQ: MGPI on 9/25/2025.

Reliance Stock Performance

Shares of Reliance stock opened at $273.81 on Friday. The business's fifty day simple moving average is $285.48 and its 200 day simple moving average is $295.65. The firm has a market capitalization of $14.40 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 1.31 and a beta of 0.87. Reliance, Inc. has a 12 month low of $250.07 and a 12 month high of $347.43. The company has a current ratio of 3.18, a quick ratio of 1.51 and a debt-to-equity ratio of 0.14.

Reliance (NYSE:RS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 EPS for the quarter, missing analysts' consensus estimates of $3.68 by ($0.04). The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.54 billion. Reliance had a return on equity of 10.41% and a net margin of 5.23%.The business's revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.64 earnings per share. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. As a group, analysts anticipate that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, November 21st. Reliance's dividend payout ratio (DPR) is 35.04%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Reliance

Several hedge funds have recently made changes to their positions in RS. Boston Partners raised its stake in shares of Reliance by 72.6% in the second quarter. Boston Partners now owns 1,763,317 shares of the industrial products company's stock valued at $552,461,000 after buying an additional 741,417 shares during the period. Norges Bank bought a new stake in shares of Reliance in the second quarter valued at $207,741,000. Nuveen LLC purchased a new position in shares of Reliance in the first quarter valued at $144,089,000. William Blair Investment Management LLC purchased a new position in shares of Reliance in the second quarter valued at $72,373,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Reliance in the first quarter valued at $55,004,000. 79.26% of the stock is currently owned by institutional investors.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.