Groupe la Francaise purchased a new stake in shares of Ralliant Corporation (NYSE:RAL – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 36,792 shares of the company’s stock, valued at approximately $1,776,000.
Several other institutional investors also recently bought and sold shares of RAL. Farmers & Merchants Investments Inc. purchased a new position in shares of Ralliant in the 2nd quarter valued at $662,000. GAMMA Investing LLC acquired a new stake in Ralliant in the 2nd quarter valued at $56,000. Alpha Omega Wealth Management LLC purchased a new position in Ralliant in the second quarter valued at about $213,000. Public Employees Retirement System of Ohio acquired a new position in shares of Ralliant during the second quarter worth about $1,799,000. Finally, TD Private Client Wealth LLC purchased a new stake in shares of Ralliant in the second quarter worth about $284,000.
Ralliant Trading Up 3.3%
Shares of NYSE:RAL opened at $50.37 on Thursday. The company has a market capitalization of $5.68 billion and a price-to-earnings ratio of 39.66. The stock has a fifty day moving average of $44.94. The company has a current ratio of 1.49, a quick ratio of 1.03 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.
Ralliant Announces Dividend
The company 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 $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, December 8th. Ralliant’s payout ratio is currently 15.75%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on RAL shares. Royal Bank Of Canada raised their target price on Ralliant from $45.00 to $52.00 and gave the company a “sector perform” rating in a report on Friday, November 7th. Morgan Stanley initiated coverage on shares of Ralliant in a research report on Tuesday, September 2nd. They issued an “overweight” rating and a $55.00 price objective for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Ralliant in a research report on Tuesday. Barclays lowered their price target on shares of Ralliant from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Wednesday, August 13th. Finally, Oppenheimer assumed coverage on shares of Ralliant in a report on Wednesday, September 10th. They issued an “outperform” rating and a $55.00 price objective on the stock. Four research 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 MarketBeat.com, Ralliant presently has a consensus rating of “Hold” and a consensus target price of $55.75.
Read Our Latest Research Report on RAL
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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