Public Employees Retirement System of Ohio acquired a new stake in shares of Ralliant Corporation (NYSE:RAL – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 37,096 shares of the company’s stock, valued at approximately $1,799,000.
A number of other institutional investors also recently added to or reduced their stakes in RAL. Farmers & Merchants Investments Inc. acquired a new stake in Ralliant during the second quarter valued at approximately $662,000. GAMMA Investing LLC acquired a new stake in Ralliant during the second quarter valued at approximately $56,000. Finally, Alpha Omega Wealth Management LLC acquired a new stake in Ralliant during the second quarter valued at approximately $213,000.
Ralliant Stock Performance
RAL stock opened at $44.35 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.59 and a quick ratio of 1.03. The stock has a 50 day moving average of $43.39. Ralliant Corporation has a fifty-two week low of $40.70 and a fifty-two week high of $55.08.
Ralliant Dividend Announcement
The business also recently disclosed a — dividend, which was paid on Tuesday, September 23rd. Investors of record on Monday, September 8th were given a $0.05 dividend. The ex-dividend date was Monday, September 8th.
Analysts Set New Price Targets
RAL has been the topic of a number of recent research reports. Barclays decreased their price objective on Ralliant from $60.00 to $59.00 and set an “overweight” rating on the stock in a report on Wednesday, August 13th. TD Cowen initiated coverage on Ralliant in a report on Tuesday, July 15th. They set a “buy” rating and a $64.00 price objective on the stock. Royal Bank Of Canada raised Ralliant to a “hold” rating in a report on Tuesday, August 19th. Seaport Res Ptn raised Ralliant to a “hold” rating in a report on Monday, July 14th. Finally, Citigroup assumed coverage on shares of Ralliant in a research note on Monday, July 21st. They issued a “neutral” rating and a $53.00 target price for the company. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $55.13.
Get Our Latest Stock Report 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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