Chesley Taft & Associates LLC Lowers Holdings in Ralliant Corporation $RAL

Chesley Taft & Associates LLC reduced its stake in shares of Ralliant Corporation (NYSE:RAL) by 49.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,224 shares of the company’s stock after selling 12,784 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Ralliant were worth $578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. ST Germain D J Co. Inc. bought a new position in shares of Ralliant during the second quarter worth $27,000. Manchester Capital Management LLC purchased a new stake in Ralliant in the 2nd quarter worth $29,000. Evermay Wealth Management LLC bought a new position in shares of Ralliant during the 2nd quarter valued at about $32,000. SouthState Corp purchased a new position in shares of Ralliant during the second quarter valued at about $35,000. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of Ralliant during the second quarter valued at about $39,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on RAL shares. Truist Financial initiated coverage on Ralliant in a research note on Friday, December 12th. They set a “buy” rating and a $62.00 price target for the company. Morgan Stanley assumed coverage on Ralliant in a research report on Tuesday, September 2nd. They set an “overweight” rating and a $55.00 target price for the company. Citigroup raised shares of Ralliant from a “neutral” rating to a “buy” rating and raised their target price for the company from $53.00 to $61.00 in a report on Monday, December 8th. Royal Bank Of Canada upped their price target on shares of Ralliant from $45.00 to $52.00 and gave the company a “sector perform” rating in a research note on Friday, November 7th. Finally, Oppenheimer increased their price objective on shares of Ralliant from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $57.89.

Ralliant Stock Performance

Shares of Ralliant stock opened at $50.85 on Friday. The stock has a market cap of $5.74 billion and a PE ratio of 40.04. The company has a current ratio of 1.49, a quick ratio of 1.03 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average of $46.54. Ralliant Corporation has a one year low of $40.70 and a one year high of $55.08.

Ralliant (NYSE:RAL) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. The company had revenue of $529.10 million for the quarter, compared to analysts’ expectations of $519.14 million. Ralliant has set its Q4 2025 guidance at 0.620-0.680 EPS.

Ralliant Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Monday, December 8th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, December 8th. Ralliant’s dividend payout ratio (DPR) is 15.75%.

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.