Oak Thistle LLC acquired a new position in shares of Ralliant Corporation (NYSE:RAL – Free Report) during the 3rd quarter, Holdings Channel reports. The firm acquired 27,429 shares of the company’s stock, valued at approximately $1,199,000.
Other institutional investors also recently made changes to their positions in the company. Dodge & Cox acquired a new stake in shares of Ralliant during the second quarter worth approximately $523,571,000. Viking Global Investors LP bought a new position in Ralliant during the 2nd quarter valued at $257,200,000. State Street Corp acquired a new position in Ralliant during the 2nd quarter worth $213,096,000. Flossbach Von Storch SE bought a new stake in shares of Ralliant in the 2nd quarter worth about $198,077,000. Finally, Norges Bank bought a new stake in shares of Ralliant in the 2nd quarter worth about $108,453,000.
Ralliant Trading Up 1.9%
Shares of Ralliant stock opened at $50.85 on Friday. The firm has a market cap of $5.74 billion and a PE ratio of 40.04. Ralliant Corporation has a twelve month low of $40.70 and a twelve month high of $55.08. 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 business’s 50 day moving average is $46.54.
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 given a $0.05 dividend. The ex-dividend date is Monday, December 8th. This represents a $0.20 annualized dividend and a yield of 0.4%. Ralliant’s dividend payout ratio (DPR) is currently 15.75%.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. Royal Bank Of Canada increased their price target on shares of Ralliant from $45.00 to $52.00 and gave the stock a “sector perform” rating in a research report on Friday, November 7th. Truist Financial assumed coverage on Ralliant in a research report on Friday, December 12th. They issued a “buy” rating and a $62.00 target price for the company. Oppenheimer boosted their price target on Ralliant from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Monday. Citigroup upgraded Ralliant from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $53.00 to $61.00 in a research note on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ralliant in a report on Monday. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.89.
Ralliant Company 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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