Level Four Advisory Services LLC acquired a new stake in Ralliant Corporation (NYSE:RAL – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,068 shares of the company’s stock, valued at approximately $692,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. ST Germain D J Co. Inc. acquired a new stake in Ralliant in the second quarter valued at $27,000. Manchester Capital Management LLC purchased a new stake in shares of Ralliant in the 2nd quarter worth about $29,000. Evermay Wealth Management LLC acquired a new stake in Ralliant in the 2nd quarter valued at about $32,000. SouthState Corp purchased a new position in Ralliant during the 2nd quarter valued at about $35,000. Finally, Nomura Asset Management Co. Ltd. purchased a new position in Ralliant during the 2nd quarter valued at about $38,000.
Ralliant Stock Performance
RAL stock opened at $49.37 on Monday. The stock has a 50 day moving average price of $44.63. 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 stock has a market cap of $5.57 billion and a PE ratio of 38.87. Ralliant Corporation has a one year low of $40.70 and a one year high of $55.08.
Ralliant Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Monday, December 8th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.4%. Ralliant’s dividend payout ratio is currently 15.75%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on RAL shares. Morgan Stanley initiated coverage on shares of Ralliant in a research report on Tuesday, September 2nd. They set an “overweight” rating and a $55.00 target price for the company. Royal Bank Of Canada lifted their price objective on Ralliant from $45.00 to $52.00 and gave the stock a “sector perform” rating in a research report on Friday, November 7th. Oppenheimer started coverage on Ralliant in a report on Wednesday, September 10th. They set an “outperform” rating and a $55.00 target price on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Ralliant in a research report on Wednesday. Finally, Barclays reduced their price objective on Ralliant from $60.00 to $59.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 13th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $55.75.
Read Our Latest Research Report on Ralliant
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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