Louisiana State Employees Retirement System purchased a new stake in Ralliant Corporation (NYSE:RAL – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 50,000 shares of the company’s stock, valued at approximately $2,080,000.
Other institutional investors have also recently made changes to their positions in the company. Danske Bank A S purchased a new position in Ralliant during the fourth quarter worth about $25,000. V Square Quantitative Management LLC purchased a new stake in shares of Ralliant in the 4th quarter valued at about $26,000. Allworth Financial LP boosted its position in shares of Ralliant by 134.4% during the 4th quarter. Allworth Financial LP now owns 511 shares of the company’s stock valued at $26,000 after acquiring an additional 293 shares during the last quarter. Palisade Asset Management LLC purchased a new position in shares of Ralliant during the third quarter worth about $26,000. Finally, BOKF NA purchased a new position in shares of Ralliant during the third quarter worth about $29,000.
Ralliant Price Performance
Shares of Ralliant stock opened at $73.72 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.61 and a quick ratio of 1.05. The business’s 50 day simple moving average is $59.20 and its two-hundred day simple moving average is $51.56. The stock has a market capitalization of $8.25 billion and a P/E ratio of -6.74. Ralliant Corporation has a one year low of $37.27 and a one year high of $75.41.
Ralliant Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Monday, June 8th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, June 8th. Ralliant’s dividend payout ratio (DPR) is -1.83%.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. Oppenheimer lifted their target price on shares of Ralliant from $50.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. TD Cowen raised their price objective on shares of Ralliant from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Evercore started coverage on shares of Ralliant in a report on Tuesday, June 9th. They set an “outperform” rating and a $80.00 price objective for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Ralliant in a research report on Monday, May 4th. Finally, Royal Bank Of Canada increased their target price on Ralliant from $47.00 to $64.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 13th. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.00.
Check Out Our Latest Analysis on Ralliant
About Ralliant
Ralliant, Inc (NYSE: RAL) is a medical technology company focused on enabling point-of-care cell therapy solutions in the field of regenerative medicine. The company develops and markets systems that isolate, concentrate and store adipose-derived stromal vascular fraction (SVF) cells directly from a patient’s own fat tissue, facilitating same-day, autologous treatments without the need for extensive laboratory infrastructure.
The company’s core product portfolio includes proprietary device platforms and single-use processing kits engineered to streamline the workflow for clinicians.
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