BlackRock Inc. Buys Shares of 14,117,630 Ralliant Corporation $RAL

BlackRock Inc. bought a new position in Ralliant Corporation (NYSE:RAL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 14,117,630 shares of the company's stock, valued at approximately $1,039,481,000. BlackRock Inc. owned approximately 12.76% of Ralliant as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in RAL. Viking Global Investors LP bought a new stake in shares of Ralliant in the 2nd quarter valued at about $257,200,000. State Street Corp purchased a new position in Ralliant in the 2nd quarter worth approximately $213,096,000. Millennium Management LLC lifted its position in Ralliant by 172.4% in the fourth quarter. Millennium Management LLC now owns 4,973,001 shares of the company's stock valued at $253,175,000 after purchasing an additional 3,147,660 shares during the last quarter. Norges Bank purchased a new stake in shares of Ralliant during the fourth quarter valued at approximately $124,687,000. Finally, Invesco Ltd. boosted its stake in shares of Ralliant by 90.1% during the third quarter. Invesco Ltd. now owns 3,871,690 shares of the company's stock valued at $169,309,000 after purchasing an additional 1,835,128 shares during the period.

Ralliant Price Performance

Shares of RAL opened at $63.72 on Friday. The firm has a fifty day simple moving average of $68.94 and a two-hundred day simple moving average of $55.92. The firm has a market cap of $7.05 billion, a PE ratio of -5.87, a P/E/G ratio of 2.37 and a beta of 1.60. The company has a current ratio of 1.52, a quick ratio of 1.00 and a debt-to-equity ratio of 0.75. Ralliant Corporation has a 1-year low of $37.27 and a 1-year high of $75.41.

Ralliant (NYSE:RAL - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.05. Ralliant had a negative net margin of 56.38% and a positive return on equity of 14.97%. The firm had revenue of $567.80 million for the quarter. Ralliant has set its FY 2026 guidance at 2.760-2.900 EPS and its Q3 2026 guidance at 0.720-0.780 EPS. On average, equities analysts anticipate that Ralliant Corporation will post 2.87 EPS for the current year.

Ralliant Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 8th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.3%. The ex-dividend date is Tuesday, September 8th. Ralliant's dividend payout ratio is presently -1.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RAL shares. Zacks Research raised shares of Ralliant from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 30th. Wall Street Zen raised shares of Ralliant from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Morgan Stanley raised their target price on Ralliant from $68.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 23rd. Citigroup boosted their price target on Ralliant from $81.00 to $82.00 and gave the company a "buy" rating in a report on Friday, July 31st. Finally, Barclays upped their price target on Ralliant from $52.00 to $67.00 and gave the company an "overweight" rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ralliant has an average rating of "Moderate Buy" and a consensus target price of $75.70.

Insider Buying and Selling

In other Ralliant news, SVP Karen M. Bick sold 6,062 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $72.00, for a total transaction of $436,464.00. Following the completion of the transaction, the senior vice president owned 31,668 shares in the company, valued at $2,280,096. This trade represents a 16.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Tamara S. Newcombe sold 12,936 shares of the company's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $71.79, for a total transaction of $928,675.44. Following the sale, the chief executive officer directly owned 251,967 shares in the company, valued at approximately $18,088,710.93. The trade was a 4.88% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.42% of the company's stock.

Ralliant Company Profile

Ralliant, Inc NYSE: RAL is a medical technology company focused on enabling point-of-care cell therapy solutions in the field of regenerative medicine. The company develops and markets systems that isolate, concentrate and store adipose-derived stromal vascular fraction (SVF) cells directly from a patient's own fat tissue, facilitating same-day, autologous treatments without the need for extensive laboratory infrastructure.

The company's core product portfolio includes proprietary device platforms and single-use processing kits engineered to streamline the workflow for clinicians.

Want to see what other hedge funds are holding RAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ralliant Corporation (NYSE:RAL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source