Ralliant Corporation (NYSE:RAL) Given Consensus Rating of "Hold" by Analysts

Key Points

• Ralliant Corporation (NYSE:RAL) has received an average rating of "Hold" from analysts, with five holding and two buying ratings.
• The company's average 1-year target price set by brokerages is $57.00, with price targets ranging from $52.00 to $64.00.
• Ralliant recently declared a $0.05 dividend, payable to investors of record on September 8th, with an ex-dividend date also set for September 8th.

Shares of Ralliant Corporation (NYSE:RAL - Get Free Report) have been given a consensus recommendation of "Hold" by the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $57.00.

A number of equities research analysts recently weighed in on RAL shares. Evercore ISI started coverage on shares of Ralliant in a report on Friday, July 18th. They issued an "in-line" rating and a $52.00 target price on the stock. Seaport Res Ptn raised Ralliant to a "hold" rating in a research note on Monday, July 14th. Citigroup assumed coverage on Ralliant in a report on Monday, July 21st. They issued a "neutral" rating and a $53.00 target price on the stock. Wall Street Zen raised Ralliant to a "hold" rating in a research report on Sunday, July 13th. Finally, TD Cowen started coverage on Ralliant in a research report on Tuesday, July 15th. They issued a "buy" rating and a $64.00 price target for the company.

Hedge Funds Weigh In On Ralliant

Several institutional investors have recently modified their holdings of RAL. ST Germain D J Co. Inc. purchased a new position in Ralliant in the second quarter worth $27,000. Manchester Capital Management LLC bought a new stake in shares of Ralliant during the 2nd quarter worth $29,000. Evermay Wealth Management LLC purchased a new position in shares of Ralliant in the 2nd quarter worth about $32,000. SouthState Corp bought a new position in Ralliant during the second quarter valued at about $35,000. Finally, Nomura Asset Management Co. Ltd. bought a new position in Ralliant during the second quarter valued at about $38,000.

Ralliant Trading Up 5.7%

Shares of RAL traded up $2.52 during trading hours on Friday, reaching $47.05. The stock had a trading volume of 631,606 shares, compared to its average volume of 2,760,521. Ralliant has a 12 month low of $42.00 and a 12 month high of $55.08.

Ralliant (NYSE:RAL - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported $0.67 earnings per share for the quarter, topping 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 Announces Dividend

The firm also recently announced a -- dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Monday, September 8th will be paid a $0.05 dividend. The ex-dividend date is Monday, September 8th.

Ralliant Company Profile

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.