Whittier Trust Co. purchased a new stake in Ralliant Corporation (NYSE:RAL – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 21,979 shares of the company’s stock, valued at approximately $1,066,000.
Several other large investors have also modified their holdings of the business. ST Germain D J Co. Inc. acquired a new position in shares of Ralliant in the 2nd quarter valued at $27,000. Evermay Wealth Management LLC acquired a new position in shares of Ralliant in the 2nd quarter valued at $32,000. CX Institutional acquired a new position in Ralliant during the 2nd quarter worth about $47,000. Hazlett Burt & Watson Inc. acquired a new position in Ralliant during the 2nd quarter worth about $53,000. Finally, GAMMA Investing LLC acquired a new position in Ralliant during the 2nd quarter worth about $56,000.
Ralliant Stock Performance
Shares of NYSE RAL opened at $42.34 on Thursday. The business’s 50-day moving average is $42.88. The company has a current ratio of 1.59, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38. Ralliant Corporation has a 1-year low of $40.70 and a 1-year high of $55.08.
Ralliant Announces Dividend
The business also recently disclosed a — dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Monday, September 8th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, September 8th.
Analysts Set New Price Targets
RAL has been the topic of several research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Ralliant in a research note on Wednesday, October 8th. Seaport Res Ptn raised Ralliant to a “hold” rating in a research note on Monday, July 14th. TD Cowen initiated coverage on Ralliant in a research note on Tuesday, July 15th. They set a “buy” rating and a $64.00 target price on the stock. Evercore ISI initiated coverage on Ralliant in a research note on Friday, July 18th. They set an “in-line” rating and a $52.00 target price on the stock. Finally, Wall Street Zen raised Ralliant to a “hold” rating in a research note on Sunday, July 13th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Ralliant currently has an average rating of “Hold” and a consensus price target of $55.13.
View Our Latest Analysis 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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