Drake & Associates LLC Purchases Shares of 8,513 Ralliant Corporation $RAL

Key Points

• Drake & Associates LLC acquired a total of 8,513 shares of Ralliant Corporation, representing a stake valued at approximately $413,000.
• Ralliant has received mixed ratings from analysts, with a consensus rating of "Hold" and an average price target of $55.13.
• The company reported quarterly earnings of $0.67 per share, surpassing analyst expectations, while also announcing a dividend of $0.05 per share paid to shareholders on September 23rd.

Drake & Associates LLC acquired a new stake in Ralliant Corporation (NYSE:RAL - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,513 shares of the company's stock, valued at approximately $413,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Ralliant in the 2nd quarter worth about $4,802,000. Mountain Pacific Investment Advisers LLC purchased a new stake in shares of Ralliant in the second quarter worth approximately $3,455,000. State of Alaska Department of Revenue bought a new position in shares of Ralliant in the second quarter valued at approximately $2,788,000. Public Employees Retirement System of Ohio purchased a new position in shares of Ralliant during the second quarter valued at approximately $1,799,000. Finally, Truist Financial Corp bought a new stake in Ralliant during the second quarter worth $1,409,000.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RAL. Evercore ISI began 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. Oppenheimer assumed coverage on shares of Ralliant in a research note on Wednesday, September 10th. They issued an "outperform" rating and a $55.00 price objective for the company. Barclays cut their target price on Ralliant from $60.00 to $59.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 13th. Melius Research raised Ralliant to a "hold" rating in a research report on Tuesday, July 22nd. Finally, Seaport Res Ptn upgraded Ralliant to a "hold" rating in a report on Monday, July 14th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $55.13.

Ralliant Stock Performance

Shares of RAL stock opened at $44.05 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.59 and a debt-to-equity ratio of 0.38. The business's 50 day moving average is $43.31. Ralliant Corporation has a 12-month low of $40.70 and a 12-month high of $55.08.

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

Ralliant Announces Dividend

The firm also recently disclosed 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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