Rokos Capital Management LLP purchased a new stake in shares of Ralliant Corporation (NYSE:RAL – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,010,520 shares of the company’s stock, valued at approximately $42,022,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Danske Bank A S acquired a new stake in Ralliant in the 4th quarter worth $25,000. V Square Quantitative Management LLC bought a new stake in shares of Ralliant in the 4th quarter valued at approximately $26,000. Allworth Financial LP raised its holdings in shares of Ralliant by 134.4% in the 4th quarter. Allworth Financial LP now owns 511 shares of the company’s stock worth $26,000 after buying an additional 293 shares in the last quarter. Palisade Asset Management LLC bought a new position in shares of Ralliant during the 3rd quarter worth approximately $26,000. Finally, BOKF NA bought a new position in shares of Ralliant during the 3rd quarter worth approximately $29,000.
Ralliant Stock Up 0.5%
Shares of RAL opened at $69.75 on Tuesday. The company has a market capitalization of $7.81 billion and a P/E ratio of -6.38. Ralliant Corporation has a one year low of $37.27 and a one year high of $75.41. The business’s 50 day simple moving average is $66.65 and its 200-day simple moving average is $53.94. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.61 and a quick ratio of 1.05.
Ralliant Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Monday, June 8th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, June 8th. Ralliant’s dividend payout ratio is presently -1.83%.
Wall Street Analysts Forecast Growth
RAL has been the topic of a number of analyst reports. Evercore initiated coverage on Ralliant in a research report on Tuesday, June 9th. They issued an “outperform” rating and a $80.00 price target on the stock. Truist Financial reissued a “buy” rating and set a $68.00 price objective (up from $53.00) on shares of Ralliant in a report on Wednesday, May 13th. BMO Capital Markets began coverage on shares of Ralliant in a research note on Monday, July 20th. They issued a “market perform” rating and a $78.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ralliant in a report on Monday, May 4th. Finally, Oppenheimer increased their target price on shares of Ralliant from $50.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.00.
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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