Cullen Frost Bankers Inc. purchased a new position in shares of Ralliant Corporation (NYSE:RAL – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,972 shares of the company’s stock, valued at approximately $144,000.
Several other hedge funds have also modified their holdings of the stock. Nordea Investment Management AB acquired a new stake in Ralliant in the second quarter valued at $29,477,000. TD Asset Management Inc acquired a new position in Ralliant in the 2nd quarter valued at about $13,190,000. New York State Teachers Retirement System purchased a new stake in Ralliant in the 2nd quarter valued at approximately $5,094,000. Aberdeen Group plc purchased a new stake in Ralliant in the 2nd quarter valued at approximately $5,042,000. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Ralliant in the 2nd quarter valued at approximately $4,802,000.
Ralliant Trading Down 0.1%
Ralliant stock opened at $43.43 on Friday. The company has a market cap of $4.90 billion and a P/E ratio of 64.82. The firm’s fifty day simple moving average is $42.87. The company has a quick ratio of 1.03, a current ratio of 1.59 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 Dividend Announcement
The firm also recently disclosed 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 dividend payout ratio is currently 29.85%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on RAL shares. Morgan Stanley started coverage on Ralliant in a research note on Tuesday, September 2nd. They issued an “overweight” rating and a $55.00 target price on the stock. Melius Research upgraded Ralliant to a “hold” rating in a report on Tuesday, July 22nd. Oppenheimer initiated coverage on shares of Ralliant in a research report on Wednesday, September 10th. They set an “outperform” rating and a $55.00 price target for the company. Wall Street Zen raised shares of Ralliant to a “hold” rating in a research report on Sunday, July 13th. Finally, Melius began coverage on shares of Ralliant in a research report on Tuesday, July 22nd. They set a “hold” rating and a $56.00 price target on the stock. 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’s stock. Based on data from MarketBeat, Ralliant presently has an average rating of “Hold” and an average price target of $55.13.
Get Our Latest Research Report on RAL
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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