AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Ralliant Corporation (NYSE:RAL – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,567 shares of the company’s stock, valued at approximately $270,000.
A number of other hedge funds have also recently added to or reduced their stakes in RAL. State of New Jersey Common Pension Fund D acquired a new stake in Ralliant during the 2nd quarter worth approximately $1,785,000. AlphaQuest LLC acquired a new position in shares of Ralliant during the second quarter worth about $405,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Ralliant in the second quarter worth about $1,556,000. Asset Management One Co. Ltd. bought a new stake in Ralliant in the second quarter valued at about $2,462,000. Finally, Paralel Advisors LLC bought a new position in shares of Ralliant during the second quarter valued at approximately $590,000.
Ralliant Stock Down 0.1%
Ralliant stock opened at $43.43 on Monday. Ralliant Corporation has a twelve month low of $40.70 and a twelve month high of $55.08. The firm has a 50-day moving average of $42.87. The company has a market cap of $4.90 billion and a PE ratio of 64.82. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.59.
Ralliant Announces Dividend
The company also recently announced a — dividend, which was paid on Tuesday, September 23rd. Investors of record on Monday, September 8th were issued a $0.05 dividend. The ex-dividend date was Monday, September 8th. Ralliant’s payout ratio is presently 29.85%.
Analyst Ratings Changes
RAL has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ralliant in a research report on Wednesday, October 8th. Melius began coverage on shares of Ralliant in a research note on Tuesday, July 22nd. They issued a “hold” rating and a $56.00 target price for the company. Evercore ISI initiated coverage on shares of Ralliant in a research note on Friday, July 18th. They set an “in-line” rating and a $52.00 price target for the company. Morgan Stanley began coverage on shares of Ralliant in a research note on Tuesday, September 2nd. They issued an “overweight” rating and a $55.00 target price for the company. Finally, Wall Street Zen upgraded shares of Ralliant to a “hold” rating in a research report on Sunday, July 13th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Ralliant currently has an average rating of “Hold” and a consensus target price of $55.13.
Get 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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