Ralliant (NYSE:RAL) Shares Cross Below Fifty Day Moving Average - Here's Why

Key Points

• Ralliant shares slipped below their 50-day moving average of $68.95, trading as low as $68.39 and last changing hands at $68.61.
• The company reported quarterly EPS of $0.93, beating the $0.77 consensus estimate; revenue rose 17.2% year over year to $620.1 million.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $78.40; seven analysts rate the stock Buy and five rate it Hold.

Shares of Ralliant Corporation (NYSE:RAL - Get Free Report) passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $68.95 and traded as low as $68.39. Ralliant shares last traded at $68.6060, with a volume of 1,345,057 shares trading hands.

Analyst Upgrades and Downgrades

RAL has been the topic of several research reports. BMO Capital Markets initiated coverage on Ralliant in a research note on Monday, July 20th. They set a "market perform" rating and a $78.00 target price on the stock. Truist Financial reaffirmed a "buy" rating and issued a $88.00 target price (up from $82.00) on shares of Ralliant in a research report on Thursday, November 5th. Oppenheimer lifted their target price on Ralliant from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, September 9th. TD Cowen boosted their price target on shares of Ralliant from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Finally, Weiss Ratings raised shares of Ralliant from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, November 4th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $78.40.

Ralliant Price Performance

The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.65. The company has a market cap of $7.59 billion, a PE ratio of -6.58, a PEG ratio of 1.44 and a beta of 1.42. The company's 50-day simple moving average is $68.95 and its 200 day simple moving average is $59.40.

Ralliant (NYSE:RAL - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.77 by $0.16. Ralliant had a negative net margin of 52.10% and a positive return on equity of 20.40%. The business had revenue of $620.10 million during the quarter. During the same quarter last year, the firm earned $0.60 EPS. The business's revenue was up 17.2% on a year-over-year basis. On average, sell-side analysts predict that Ralliant Corporation will post 3.15 earnings per share for the current fiscal year.

Ralliant Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Stockholders of record on Tuesday, December 8th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Tuesday, December 8th. Ralliant's dividend payout ratio (DPR) is presently -1.92%.

Insiders Place Their Bets

In related news, CEO Tamara Newcombe sold 12,936 shares of Ralliant stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 246,897 shares in the company, valued at approximately $17,425,990.26. This trade represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Karen Bick sold 6,062 shares of the business's 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 transaction, the senior vice president directly owned 31,668 shares of the company's stock, valued at $2,280,096. The trade was a 16.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 31,934 shares of company stock valued at $2,194,208. 0.42% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ralliant

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dunhill Financial LLC acquired a new position in shares of Ralliant during the second quarter worth about $25,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Ralliant during the third quarter worth approximately $25,000. Global Retirement Partners LLC purchased a new stake in shares of Ralliant during the second quarter worth approximately $35,000. Group One Trading LLC purchased a new stake in shares of Ralliant during the second quarter worth approximately $36,000. Finally, Persistent Asset Partners Ltd acquired a new stake in Ralliant in the second quarter valued at approximately $37,000.

Ralliant Company Profile

Ralliant Corporation is an industrial technology company that develops precision instrumentation and engineered products for customers in sectors such as aerospace and defense, electronics, semiconductor manufacturing, energy, and industrial markets. Its offerings include electronic test and measurement instruments, automated test systems, programmable power supplies, and monitoring and protection technologies for electrical equipment. The company's portfolio includes established brands such as Tektronix, Keithley, EA Elektro-Automatik, and Qualitrol.

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