Montag A & Associates Inc. bought a new position in Ralliant Corporation (NYSE:RAL – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 2,314 shares of the company’s stock, valued at approximately $112,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. ST Germain D J Co. Inc. acquired a new position in Ralliant during the second quarter worth $27,000. Evermay Wealth Management LLC bought a new stake in shares of Ralliant during the second quarter worth about $32,000. SouthState Corp acquired a new stake in shares of Ralliant in the 2nd quarter worth about $35,000. CX Institutional acquired a new stake in shares of Ralliant in the 2nd quarter worth about $47,000. Finally, Hartford Financial Management Inc. bought a new position in Ralliant in the 2nd quarter valued at about $48,000.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on RAL. Melius Research raised Ralliant to a “hold” rating in a report on Tuesday, July 22nd. Melius began coverage on Ralliant in a research report on Tuesday, July 22nd. They set a “hold” rating and a $56.00 target price on the stock. Barclays decreased their price target on Ralliant from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Wednesday, August 13th. Weiss Ratings restated a “sell (d)” rating on shares of Ralliant in a research note on Friday, October 31st. Finally, Morgan Stanley assumed coverage on shares of Ralliant in a report on Tuesday, September 2nd. They set an “overweight” rating and a $55.00 price objective on the stock. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $55.75.
Ralliant Trading Up 2.3%
Shares of Ralliant stock opened at $47.81 on Thursday. The stock’s fifty day simple moving average is $43.50. The company has a quick ratio of 1.03, a current ratio of 1.49 and a debt-to-equity ratio of 0.39. Ralliant Corporation has a 12 month low of $40.70 and a 12 month high of $55.08. The company has a market capitalization of $5.39 billion and a price-to-earnings ratio of 37.64.
Ralliant (NYSE:RAL – Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $529.10 million during the quarter, compared to the consensus estimate of $519.14 million. Ralliant has set its Q4 2025 guidance at 0.620-0.680 EPS.
Ralliant Announces Dividend
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 issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, December 8th. Ralliant’s dividend payout ratio (DPR) is 15.75%.
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.
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