Ralliant Corporation (NYSE:RAL) Stock Has Average Price Target of $77.40

Key Points

• Analysts remain moderately bullish on Ralliant: Seven of 12 analysts rate the stock a buy and five recommend holding it, with an average 12-month price target of $77.40 versus its recent $67.25 price.
• Recent analyst actions were mixed but generally supportive, including higher targets from Oppenheimer, Citigroup and Truist, while Royal Bank of Canada lowered its target to $72 and maintained a sector-perform rating.
• Ralliant exceeded quarterly earnings expectations, reporting $0.68 in EPS versus a $0.63 consensus estimate on $567.8 million in revenue. Insiders sold $3.1 million of stock over the past 90 days, while the company maintains a $0.05 quarterly dividend.

Shares of Ralliant Corporation (NYSE:RAL - Get Free Report) have received an average rating of "Moderate Buy" from the twelve research firms that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $77.40.

Several equities analysts recently weighed in on RAL shares. Royal Bank Of Canada reduced their target price on Ralliant from $73.00 to $72.00 and set a "sector perform" rating on the stock in a research report on Wednesday, October 14th. Wall Street Zen cut Ralliant from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 30th. Oppenheimer raised their price target on shares of Ralliant from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 9th. Citigroup lifted their price objective on Ralliant from $82.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, October 12th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $82.00 target price (up from $68.00) on shares of Ralliant in a research report on Friday, July 31st.

Insider Buying and Selling

In other news, SVP Karen Bick sold 6,062 shares of Ralliant stock in a transaction on Monday, August 17th. The stock was sold at an average price of $72.00, for a total value of $436,464.00. Following the completion of the transaction, the senior vice president directly owned 31,668 shares in the company, valued at approximately $2,280,096. The trade was a 16.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Tamara Newcombe sold 12,936 shares of the firm's stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $70.58, for a total value of $913,022.88. Following the transaction, the chief executive officer owned 246,897 shares in the company, valued at approximately $17,425,990.26. The trade was a 4.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 44,870 shares of company stock valued at $3,122,883 over the last ninety days. 0.42% of the stock is currently owned by company insiders.

Institutional Trading of Ralliant

A number of hedge funds have recently added to or reduced their stakes in RAL. First Nebraska Trust Co acquired a new position in shares of Ralliant in the 3rd quarter valued at about $649,000. Vise Technologies Inc. acquired a new stake in Ralliant during the third quarter worth about $202,000. MGO One Seven LLC acquired a new stake in shares of Ralliant during the third quarter valued at about $293,000. Asset Management One Co. Ltd. acquired a new position in Ralliant during the 3rd quarter worth $508,000. Finally, Citizens Financial Group Inc. RI acquired a new stake in shares of Ralliant during the 3rd quarter worth about $219,000.

Ralliant Trading Up 0.1%

RAL opened at $67.25 on Monday. The business's 50 day moving average is $67.67 and its two-hundred day moving average is $58.62. Ralliant has a 52 week low of $37.27 and a 52 week high of $75.41. The company has a quick ratio of 1.00, a current ratio of 1.52 and a debt-to-equity ratio of 0.75. The firm has a market cap of $7.44 billion, a price-to-earnings ratio of -6.20, a price-to-earnings-growth ratio of 2.49 and a beta of 1.42.

Ralliant (NYSE:RAL - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.05. The business had revenue of $567.80 million for the quarter. Ralliant had a negative net margin of 56.38% and a positive return on equity of 14.97%. On average, research analysts predict that Ralliant will post 2.88 EPS for the current year.

Ralliant Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Tuesday, September 8th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. Ralliant's dividend payout ratio (DPR) is -1.84%.

About Ralliant

Ralliant Corporation NYSE: RAL is an industrial technology company that develops and supplies highly engineered products and solutions for customers with demanding measurement, monitoring, sensing and reliability requirements. Its offerings are designed to support the performance, safety and efficiency of industrial equipment and processes.

The company's portfolio includes test and measurement instruments, sensing and monitoring technologies, power and electrical solutions, and products used to improve the reliability and maintenance of industrial assets.

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