Flossbach Von Storch SE purchased a new position in Ralliant Corporation (NYSE:RAL – Free Report) in the second quarter, Holdings Channel.com reports. The firm purchased 4,084,903 shares of the company’s stock, valued at approximately $198,077,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Ralliant in the second quarter worth approximately $10,375,000. Aviva PLC bought a new position in shares of Ralliant during the 2nd quarter valued at $4,241,000. Paradigm Asset Management Co. LLC bought a new position in shares of Ralliant during the 2nd quarter valued at $241,000. Metis Global Partners LLC purchased a new position in shares of Ralliant in the 2nd quarter worth $633,000. Finally, Savant Capital LLC bought a new stake in shares of Ralliant in the second quarter worth $410,000.
Wall Street Analysts Forecast Growth
RAL has been the topic of a number of recent research reports. Citigroup initiated coverage on Ralliant in a report on Monday, July 21st. They issued a “neutral” rating and a $53.00 target price on the stock. Barclays reduced their price target on shares of Ralliant from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Wednesday, August 13th. Oppenheimer assumed 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. Royal Bank Of Canada boosted their target price on shares of Ralliant from $45.00 to $52.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, Melius assumed coverage on shares of Ralliant in a report on Tuesday, July 22nd. They set a “hold” rating and a $56.00 target price for the company. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ralliant currently has a consensus rating of “Hold” and an average target price of $55.75.
Ralliant Stock Down 0.4%
NYSE RAL opened at $46.67 on Friday. The stock has a 50-day moving average of $43.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.49 and a quick ratio of 1.03. Ralliant Corporation has a 52 week low of $40.70 and a 52 week high of $55.08. The company has a market capitalization of $5.26 billion and a P/E ratio of 69.65.
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 company had revenue of $529.10 million for 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Monday, December 8th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.4%. Ralliant’s dividend payout ratio is 29.85%.
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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