Wall Street Zen Upgrades Ralliant (NYSE:RAL) to “Strong-Buy”

Ralliant (NYSE:RAL) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other research firms also recently issued reports on RAL. TD Cowen boosted their target price on shares of Ralliant from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Royal Bank Of Canada lifted their price objective on shares of Ralliant from $72.00 to $73.00 and gave the company a “sector perform” rating in a report on Thursday. Zacks Research cut Ralliant from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 30th. Weiss Ratings downgraded Ralliant from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. Finally, Truist Financial restated a “buy” rating and set a $88.00 price target (up from $82.00) on shares of Ralliant in a report on Thursday. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $78.40.

Ralliant Trading Up 7.1%

RAL opened at $67.32 on Friday. Ralliant has a 52 week low of $37.27 and a 52 week high of $75.41. The stock’s fifty day moving average is $68.12 and its two-hundred day moving average is $59.00. The company has a quick ratio of 1.00, a current ratio of 1.52 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $7.45 billion, a P/E ratio of 26.11, a PEG ratio of 2.45 and a beta of 1.42.

Ralliant (NYSE:RAL) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.16. Ralliant had a positive return on equity of 14.97% and a negative net margin of 56.38%. The business had revenue of $620.10 million for the quarter. During the same quarter in the previous year, the company posted $0.60 EPS. The company’s revenue was up 17.2% compared to the same quarter last year. Analysts forecast that Ralliant will post 3.02 earnings per share for the current year.

Insider Transactions at Ralliant

In related news, SVP Karen M. Bick sold 6,062 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $72.00, for a total value of $436,464.00. Following the completion of the transaction, the senior vice president directly owned 31,668 shares of the company’s stock, valued at approximately $2,280,096. This represents a 16.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Tamara S. Newcombe sold 12,936 shares of the firm’s stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $70.58, for a total value of $913,022.88. Following the sale, the chief executive officer directly owned 246,897 shares in the company, valued at approximately $17,425,990.26. This trade represents a 4.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 44,870 shares of company stock valued at $3,122,883. Corporate insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On Ralliant

Several hedge funds and other institutional investors have recently modified their holdings of RAL. Dunhill Financial LLC purchased a new position in Ralliant during the 2nd quarter worth $25,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Ralliant during the third quarter worth about $25,000. Global Retirement Partners LLC bought a new position in Ralliant during the 2nd quarter valued at $35,000. Group One Trading LLC bought a new stake in shares of Ralliant during the 2nd quarter worth about $36,000. Finally, Persistent Asset Partners Ltd bought a new stake in shares of Ralliant during the second quarter worth $37,000.

Ralliant Company Profile

Ralliant Corporation (NYSE: RAL) is an industrial technology company that develops and supplies highly engineered products and solutions for customers with demanding measurement, monitoring, sensing and reliability requirements. Its offerings are designed to support the performance, safety and efficiency of industrial equipment and processes.

The company’s portfolio includes test and measurement instruments, sensing and monitoring technologies, power and electrical solutions, and products used to improve the reliability and maintenance of industrial assets.