State of Michigan Retirement System Makes New Investment in Ralliant Corporation $RAL

State of Michigan Retirement System purchased a new position in Ralliant Corporation (NYSE:RAL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 32,418 shares of the company’s stock, valued at approximately $1,572,000.

Other institutional investors also recently bought and sold shares of the company. ST Germain D J Co. Inc. acquired a new position in Ralliant during the second quarter valued at $27,000. Evermay Wealth Management LLC purchased a new stake in shares of Ralliant in the second quarter valued at approximately $32,000. CX Institutional acquired a new position in Ralliant during the second quarter worth $47,000. Hartford Financial Management Inc. acquired a new position in Ralliant during the second quarter worth $48,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in Ralliant during the second quarter valued at $53,000.

Ralliant Trading Up 5.5%

Shares of NYSE RAL opened at $46.84 on Friday. The stock has a market cap of $5.28 billion and a PE ratio of 69.91. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.59. Ralliant Corporation has a 12-month low of $40.70 and a 12-month high of $55.08. The company’s 50-day simple moving average is $43.14.

Ralliant (NYSE:RAL) last released its earnings results on Wednesday, November 5th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $529.10 million during the quarter, compared to analysts’ expectations of $519.14 million. Ralliant has set its Q4 2025 guidance at 0.620-0.680 EPS.

Ralliant Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Monday, December 8th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, December 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.4%. Ralliant’s dividend payout ratio (DPR) is presently 29.85%.

Wall Street Analysts Forecast Growth

RAL has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Ralliant in a research note on Friday, October 31st. Barclays cut their price objective on Ralliant from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Wednesday, August 13th. Seaport Res Ptn raised Ralliant to a “hold” rating in a report on Monday, July 14th. Wall Street Zen raised Ralliant to a “hold” rating in a research note on Sunday, July 13th. Finally, Citigroup began coverage on Ralliant in a research report on Monday, July 21st. They set a “neutral” rating and a $53.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.13.

Ralliant 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.