Callan Family Office LLC Invests $1.17 Million in Ralliant Corporation $RAL

Key Points

• Callan Family Office LLC invested approximately $1.17 million in Ralliant Corporation by purchasing 24,174 shares in the 2nd quarter of 2023.
• Equity analysts have mixed ratings on Ralliant, with a current consensus rating of "Hold" and a target price around $55.13.
• Ralliant's recent earnings report showed an EPS of $0.67, exceeding estimates, but revenue of $503.30 million fell short of expectations.

Callan Family Office LLC purchased a new position in shares of Ralliant Corporation (NYSE:RAL - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 24,174 shares of the company's stock, valued at approximately $1,172,000.

Several other hedge funds also recently made changes to their positions in RAL. Robeco Institutional Asset Management B.V. bought a new position in shares of Ralliant during the 2nd quarter worth approximately $4,802,000. Blair William & Co. IL bought a new position in shares of Ralliant during the 2nd quarter worth approximately $4,498,000. Mountain Pacific Investment Advisers LLC bought a new position in shares of Ralliant during the 2nd quarter worth approximately $3,455,000. State of Alaska Department of Revenue bought a new position in shares of Ralliant during the 2nd quarter worth approximately $2,788,000. Finally, Louisiana State Employees Retirement System bought a new position in shares of Ralliant during the 2nd quarter worth approximately $2,554,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RAL shares. Melius Research raised shares of Ralliant to a "hold" rating in a research note on Tuesday, July 22nd. Evercore ISI assumed coverage on shares of Ralliant in a research note on Friday, July 18th. They issued an "in-line" rating and a $52.00 target price for the company. Melius assumed coverage on shares of Ralliant in a research note on Tuesday, July 22nd. They issued a "hold" rating and a $56.00 target price for the company. Morgan Stanley assumed coverage on shares of Ralliant in a research note on Tuesday, September 2nd. They issued an "overweight" rating and a $55.00 target price for the company. Finally, Oppenheimer assumed coverage on shares of Ralliant in a research note on Wednesday, September 10th. They issued an "outperform" rating and a $55.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $55.13.

Ralliant Stock Down 4.0%

Shares of Ralliant stock opened at $41.49 on Monday. The firm's fifty day simple moving average is $43.09. Ralliant Corporation has a 1 year low of $40.70 and a 1 year high of $55.08. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.59 and a quick ratio of 1.03.

Ralliant (NYSE:RAL - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07. The business had revenue of $503.30 million for the quarter, compared to analyst estimates of $509.90 million. Ralliant has set its Q3 2025 guidance at 0.540-0.600 EPS.

Ralliant Announces Dividend

The firm also recently declared a -- dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Monday, September 8th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, September 8th.

About Ralliant

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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