Parsons Capital Management Inc. RI acquired a new stake in shares of Ralliant Corporation (NYSE:RAL – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 6,250 shares of the company’s stock, valued at approximately $303,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Farmers & Merchants Investments Inc. acquired a new position in Ralliant in the 2nd quarter worth about $662,000. GAMMA Investing LLC bought a new stake in shares of Ralliant during the second quarter worth about $56,000. Alpha Omega Wealth Management LLC acquired a new position in shares of Ralliant in the second quarter valued at approximately $213,000. Public Employees Retirement System of Ohio acquired a new stake in Ralliant during the 2nd quarter worth approximately $1,799,000. Finally, TD Private Client Wealth LLC acquired a new stake in Ralliant during the 2nd quarter worth approximately $284,000.
Ralliant Stock Performance
Ralliant stock opened at $44.35 on Friday. Ralliant Corporation has a 52-week low of $40.70 and a 52-week high of $55.08. The company has a current ratio of 1.59, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38. The stock’s 50 day simple moving average is $43.39.
Ralliant Announces Dividend
The business also recently disclosed a — dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Monday, September 8th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, September 8th.
Analyst Upgrades and Downgrades
RAL has been the topic of a number of research reports. TD Cowen initiated coverage on shares of Ralliant in a report on Tuesday, July 15th. They set a “buy” rating and a $64.00 target price on the stock. Oppenheimer started coverage on shares of Ralliant in a research note on Wednesday, September 10th. They issued an “outperform” rating and a $55.00 price objective on the stock. Wall Street Zen upgraded Ralliant to a “hold” rating in a report on Sunday, July 13th. Citigroup began coverage on Ralliant in a report on Monday, July 21st. They set a “neutral” rating and a $53.00 target price on the stock. Finally, Melius assumed coverage on Ralliant in a research report on Tuesday, July 22nd. They issued a “hold” rating and a $56.00 price target on the stock. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ralliant presently has an average rating of “Hold” and an average price target of $55.13.
Check Out Our Latest Report on RAL
Ralliant Company Profile
Ralliant Corporation is a provider of precision technologies which specializes in designing, developing, manufacturing and servicing precision instruments and engineered products. Ralliant Corporation is based in RALEIGH, N.C.
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