Bull Street Advisors LLC purchased a new stake in Ralliant Corporation (NYSE:RAL – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 6,166 shares of the company’s stock, valued at approximately $299,000.
Several other hedge funds also recently added to or reduced their stakes in RAL. Aberdeen Group plc purchased a new stake in Ralliant in the second quarter valued at $5,042,000. Robeco Institutional Asset Management B.V. purchased a new stake in Ralliant in the second quarter valued at $4,802,000. OFI Invest Asset Management purchased a new stake in Ralliant in the second quarter valued at $4,316,000. Blair William & Co. IL purchased a new stake in Ralliant in the second quarter valued at $4,498,000. Finally, Mountain Pacific Investment Advisers LLC purchased a new stake in Ralliant in the second quarter valued at $3,455,000.
Ralliant Stock Down 4.0%
Shares of Ralliant stock opened at $41.49 on Friday. Ralliant Corporation has a twelve month low of $40.70 and a twelve month high of $55.08. The company has a 50-day moving average of $43.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.59.
Ralliant Dividend Announcement
The firm also recently announced a — dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Monday, September 8th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, September 8th.
Analyst Ratings Changes
RAL has been the topic of several recent analyst reports. Royal Bank Of Canada raised shares of Ralliant to a “hold” rating in a research note on Tuesday, August 19th. Citigroup initiated coverage on shares of Ralliant in a research note on Monday, July 21st. They set a “neutral” rating and a $53.00 target price on the stock. Morgan Stanley initiated coverage on shares of Ralliant in a research note on Tuesday, September 2nd. They set an “overweight” rating and a $55.00 target price on the stock. Oppenheimer initiated coverage on shares of Ralliant in a research note on Wednesday, September 10th. They set an “outperform” rating and a $55.00 target price on the stock. Finally, Melius initiated coverage on shares of Ralliant in a research note on Tuesday, July 22nd. They set a “hold” rating and a $56.00 target price on the stock. Four equities 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 data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $55.13.
Get Our Latest Research Report on Ralliant
About Ralliant
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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