Yes! The main splitting valve on all RuggedMade splitters has what's called an auto-return detent.
Having auto-return detent is a big time saver because when you've manually extended the rod to split a log, you can put it in reverse and prepare for the next split while the rod retracts on its own.
When you place the valve lever in the retract position, you will not have to hold it there manually. The cylinder rod will automatically move back into the cylinder until it reaches the fully retracted position. Once the rod is fully retracted, the valve lever will pop into neutral by itself.