Universal Beteiligungs und Servicegesellschaft mbH acquired 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 firm acquired 188,490 shares of the company’s stock, valued at approximately $9,140,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.17% of Ralliant at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Flossbach Von Storch SE purchased a new stake in Ralliant during the 2nd quarter valued at $198,077,000. Geode Capital Management LLC bought a new position in shares of Ralliant during the second quarter valued at about $97,090,000. Boston Partners purchased a new stake in shares of Ralliant during the second quarter worth about $63,525,000. Bank of New York Mellon Corp purchased a new stake in shares of Ralliant during the second quarter worth about $32,655,000. Finally, Nordea Investment Management AB bought a new stake in shares of Ralliant in the second quarter worth about $29,477,000.
Ralliant Trading Down 3.2%
Shares of Ralliant stock opened at $44.57 on Friday. Ralliant Corporation has a 12 month low of $40.70 and a 12 month high of $55.08. The stock has a market capitalization of $5.03 billion and a price-to-earnings ratio of 35.09. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.49 and a quick ratio of 1.03. The firm’s fifty day moving average price is $43.95.
Ralliant Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Monday, December 8th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.4%. Ralliant’s dividend payout ratio (DPR) is currently 15.75%.
Analysts Set New Price Targets
A number of brokerages recently commented on RAL. Morgan Stanley initiated coverage on Ralliant in a research note on Tuesday, September 2nd. They issued an “overweight” rating and a $55.00 price target for the company. Oppenheimer began coverage on shares of Ralliant in a report on Wednesday, September 10th. They issued an “outperform” rating and a $55.00 price objective for the company. Royal Bank Of Canada lifted their target price on shares of Ralliant from $45.00 to $52.00 and gave the company a “sector perform” rating in a research note on Friday, November 7th. Barclays reduced their price target on shares of Ralliant from $60.00 to $59.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 13th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Ralliant in a report on Friday, October 31st. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ralliant presently has a consensus rating of “Hold” and a consensus target price of $55.75.
Check Out Our Latest Report on Ralliant
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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