Engineers Gate Manager LP Sells 57,602 Shares of Ralliant Corporation $RAL

Key Points

• Engineers Gate Manager LP cut its Ralliant stake by 92.4% in the second quarter, selling 57,602 shares and retaining 4,725 shares valued at approximately $348,000.
• Ralliant reported quarterly EPS of $0.68, beating estimates by $0.05, on revenue of $567.8 million. The company issued fiscal 2026 EPS guidance of $2.76–$2.90 and maintained a quarterly dividend of $0.05 per share.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $77.20 versus the stock’s reported price of $70.08. Several firms recently raised their targets, including Citigroup and Truist Financial.

Engineers Gate Manager LP reduced its stake in shares of Ralliant Corporation (NYSE:RAL - Free Report) by 92.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,725 shares of the company's stock after selling 57,602 shares during the period. Engineers Gate Manager LP's holdings in Ralliant were worth $348,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in RAL. BlackRock Inc. acquired a new position in Ralliant during the second quarter worth about $1,039,481,000. Millennium Management LLC grew its holdings in shares of Ralliant by 172.4% in the 4th quarter. Millennium Management LLC now owns 4,973,001 shares of the company's stock worth $253,175,000 after acquiring an additional 3,147,660 shares during the period. Flossbach Von Storch SE purchased a new position in Ralliant in the 2nd quarter valued at approximately $222,460,000. Norges Bank acquired a new position in Ralliant during the fourth quarter worth $124,687,000. Finally, Geode Capital Management LLC raised its holdings in Ralliant by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,872,647 shares of the company's stock worth $95,357,000 after purchasing an additional 17,893 shares during the last quarter.

Insiders Place Their Bets

In other Ralliant news, CEO Tamara S. Newcombe sold 12,936 shares of the company's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $65.30, for a total transaction of $844,720.80. Following the completion of the sale, the chief executive officer directly owned 246,897 shares in the company, valued at $16,122,374.10. This represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Karen M. Bick sold 6,062 shares of the firm's stock in a transaction dated 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 owned 31,668 shares in the company, valued at approximately $2,280,096. This trade represents a 16.07% 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. Over the last 90 days, insiders have sold 31,934 shares of company stock valued at $2,209,860. Insiders own 0.42% of the company's stock.

Ralliant Stock Up 0.2%

Shares of NYSE:RAL opened at $70.08 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.00 and a debt-to-equity ratio of 0.75. The firm has a market cap of $7.75 billion, a price-to-earnings ratio of -6.46, a PEG ratio of 2.59 and a beta of 1.54. The stock's 50-day moving average price is $66.93 and its two-hundred day moving average price is $59.42. Ralliant Corporation has a 12-month low of $37.27 and a 12-month high of $75.41.

Ralliant (NYSE:RAL - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. 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, research analysts forecast that Ralliant Corporation will post 2.88 EPS for the current year.

Ralliant Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Tuesday, September 8th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Tuesday, September 8th. Ralliant's dividend payout ratio is presently -1.84%.

Analysts Set New Price Targets

RAL has been the topic of several research reports. Citigroup upped their target price on Ralliant from $81.00 to $82.00 and gave the company a "buy" rating in a report on Friday, July 31st. Wall Street Zen downgraded Ralliant from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 30th. Royal Bank Of Canada boosted their price objective on shares of Ralliant from $71.00 to $73.00 and gave the stock a "sector perform" rating in a research report on Friday, July 31st. Truist Financial reissued a "buy" rating and issued a $82.00 price objective (up from $68.00) on shares of Ralliant in a research note on Friday, July 31st. Finally, Zacks Research upgraded shares of Ralliant from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ralliant currently has an average rating of "Moderate Buy" and an average target price of $77.20.

About Ralliant

Ralliant is a global industrial technology company that develops and provides mission-critical products and solutions for customers across industrial, electrical, electronic, utility and related markets. The company focuses on helping customers measure, monitor, test, maintain and improve the performance, safety and reliability of their assets and operations.

Ralliant's portfolio includes electronic test and measurement instruments, industrial condition-monitoring systems, electrical testing equipment, reliability and maintenance software, sensors and related controls.

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