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Reliance Worldwide Corp. ( (AU:RWC) ) has provided an update.
Perpetual Limited and its related entities have notified Reliance Worldwide Corporation that they have ceased to be substantial holders in the company as of 7 April 2026. The change, detailed in a regulatory disclosure, indicates Perpetual’s voting interest has fallen below the substantial holding threshold, potentially altering the company’s share register composition and reducing Perpetual’s influence in shareholder decisions.
The notice, lodged by Reliance Worldwide’s company secretary, documents that the previous substantial holding notice from Perpetual dated 17 February 2026 has now been superseded. While the filing does not specify the underlying transactions, the exit of a substantial institutional holder may signal portfolio rebalancing by Perpetual and could prompt other investors to reassess the ownership dynamics and liquidity of Reliance Worldwide’s stock.
The most recent analyst rating on (AU:RWC) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Reliance Worldwide Corp. stock, see the AU:RWC Stock Forecast page.
More about Reliance Worldwide Corp.
Reliance Worldwide Corporation Limited is an Australian-listed company in the manufacturing sector, focused on plumbing and water control products. The company serves residential and commercial building markets, supplying fittings and related systems to customers in Australia and internationally.
Average Trading Volume: 3,483,240
Technical Sentiment Signal: Sell
Current Market Cap: A$2.32B
For detailed information about RWC stock, go to TipRanks’ Stock Analysis page.