Ralliant Corporation (NYSE:RAL) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Ralliant Corporation (NYSE:RAL) has been given an average rating of “Moderate Buy” by the twelve analysts that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $78.40.

A number of research analysts recently weighed in on RAL shares. Seaport Research Partners upgraded shares of Ralliant from a “neutral” rating to a “buy” rating and set a $88.00 price objective on the stock in a research report on Wednesday, October 14th. Wall Street Zen upgraded Ralliant from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Royal Bank Of Canada raised their target price on shares of Ralliant from $72.00 to $73.00 and gave the company a “sector perform” rating in a research note on Thursday. Oppenheimer increased their price objective on Ralliant from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, September 9th. Finally, BMO Capital Markets initiated coverage on shares of Ralliant in a research report on Monday, July 20th. They set a “market perform” rating and a $78.00 price objective on the stock.

Insider Transactions at Ralliant

In other Ralliant news, CEO Tamara Newcombe sold 12,936 shares of the firm’s stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $70.58, for a total value of $913,022.88. Following the sale, the chief executive officer owned 246,897 shares of the company’s stock, valued at approximately $17,425,990.26. This trade represents a 4.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Karen Bick sold 6,062 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $72.00, for a total transaction of $436,464.00. Following the transaction, the senior vice president owned 31,668 shares of the company’s stock, valued at $2,280,096. This represents a 16.07% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 44,870 shares of company stock valued at $3,122,883. Company insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On Ralliant

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dunhill Financial LLC purchased a new position in Ralliant during the 2nd quarter valued at about $25,000. Eurizon Capital SGR S.p.A. purchased a new position in Ralliant during the third quarter worth about $25,000. Global Retirement Partners LLC purchased a new stake in shares of Ralliant in the 2nd quarter valued at $35,000. Group One Trading LLC purchased a new position in shares of Ralliant in the 2nd quarter worth about $36,000. Finally, Persistent Asset Partners Ltd purchased a new position in Ralliant in the second quarter worth about $37,000.

Ralliant Stock Up 7.1%

Shares of RAL opened at $67.32 on Monday. The company has a market capitalization of $7.45 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 2.45 and a beta of 1.42. The company has a quick ratio of 1.00, a current ratio of 1.52 and a debt-to-equity ratio of 0.75. Ralliant has a 52 week low of $37.27 and a 52 week high of $75.41. The stock’s 50-day moving average price is $68.12 and its 200-day moving average price is $59.00.

Ralliant (NYSE:RAL) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.77 by $0.16. The firm had revenue of $620.10 million for the quarter. Ralliant had a positive return on equity of 14.97% and a negative net margin of 56.38%. The business’s revenue was up 17.2% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share. On average, sell-side analysts predict that Ralliant will post 3.02 EPS for the current year.

Ralliant Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Investors of record on Tuesday, December 8th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, December 8th. Ralliant’s payout ratio is presently -1.92%.

About Ralliant

Ralliant Corporation (NYSE: RAL) is an industrial technology company that develops and supplies highly engineered products and solutions for customers with demanding measurement, monitoring, sensing and reliability requirements. Its offerings are designed to support the performance, safety and efficiency of industrial equipment and processes.

The company’s portfolio includes test and measurement instruments, sensing and monitoring technologies, power and electrical solutions, and products used to improve the reliability and maintenance of industrial assets.