24,065 Shares in Ralliant Corporation $RAL Acquired by Shorepath Capital Management LLC

Shorepath Capital Management LLC purchased a new position in Ralliant Corporation (NYSE:RAL) during the 2nd quarter, HoldingsChannel reports. The firm purchased 24,065 shares of the company’s stock, valued at approximately $1,167,000. Ralliant accounts for about 1.0% of Shorepath Capital Management LLC’s portfolio, making the stock its 21st largest holding.

Several other hedge funds have also made changes to their positions in the stock. ST Germain D J Co. Inc. bought a new stake in shares of Ralliant in the 2nd quarter worth approximately $27,000. Evermay Wealth Management LLC bought a new stake in shares of Ralliant in the 2nd quarter worth approximately $32,000. CX Institutional bought a new stake in shares of Ralliant in the 2nd quarter worth approximately $47,000. Hartford Financial Management Inc. bought a new stake in shares of Ralliant in the 2nd quarter worth approximately $48,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in shares of Ralliant in the 2nd quarter worth approximately $53,000.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. TD Cowen assumed coverage on Ralliant in a report on Tuesday, July 15th. They issued a “buy” rating and a $64.00 price target on the stock. Morgan Stanley initiated coverage on Ralliant in a research note on Tuesday, September 2nd. They set an “overweight” rating and a $55.00 target price on the stock. Royal Bank Of Canada raised Ralliant to a “hold” rating in a research note on Tuesday, August 19th. Melius initiated coverage on Ralliant in a research note on Tuesday, July 22nd. They set a “hold” rating and a $56.00 target price on the stock. Finally, Barclays cut their target price on Ralliant from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 13th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $55.13.

Ralliant Price Performance

Shares of Ralliant stock opened at $43.49 on Thursday. The firm’s fifty day simple moving average is $42.91. The company has a quick ratio of 1.03, a current ratio of 1.59 and a debt-to-equity ratio of 0.38. The company has a market cap of $4.90 billion and a P/E ratio of 64.91. Ralliant Corporation has a 1-year low of $40.70 and a 1-year high of $55.08.

Ralliant (NYSE:RAL) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07. The firm had revenue of $503.30 million for the quarter, compared to analyst estimates of $509.90 million. Ralliant has set its Q3 2025 guidance at 0.540-0.600 EPS.

Ralliant Announces Dividend

The company also recently declared a — dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Monday, September 8th were given a dividend of $0.05 per share. The ex-dividend date was Monday, September 8th. Ralliant’s dividend payout ratio (DPR) is 29.85%.

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.