Ralliant (NYSE:RAL) Earns Hold Rating from Analysts at Melius

Equities researchers at Melius initiated coverage on shares of Ralliant (NYSE:RAL - Get Free Report) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage set a "hold" rating and a $56.00 price target on the stock. Melius' price objective points to a potential upside of 18.74% from the stock's current price.

Several other research analysts also recently weighed in on the stock. Citigroup started coverage on shares of Ralliant in a research report on Monday. They set a "neutral" rating and a $53.00 price target for the company. Seaport Res Ptn raised shares of Ralliant to a "hold" rating in a research note on Monday, July 14th. Evercore ISI started coverage on shares of Ralliant in a research note on Friday. They set an "in-line" rating and a $52.00 price objective for the company. Wall Street Zen raised shares of Ralliant to a "hold" rating in a research note on Sunday, July 13th. Finally, Barclays started coverage on shares of Ralliant in a research note on Tuesday, July 15th. They set an "overweight" rating and a $60.00 price objective for the company. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $57.00.

Ralliant Stock Performance

Shares of RAL traded up $0.64 during mid-day trading on Tuesday, hitting $47.16. 306,860 shares of the company were exchanged, compared to its average volume of 3,986,751. Ralliant has a 1-year low of $43.75 and a 1-year high of $55.08.

Hedge Funds Weigh In On Ralliant

Hedge funds have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. purchased a new position in Ralliant in the 2nd quarter valued at approximately $4,802,000. Mountain Pacific Investment Advisers LLC purchased a new position in Ralliant in the 2nd quarter valued at approximately $3,455,000. State of Alaska Department of Revenue purchased a new position in Ralliant in the 2nd quarter valued at approximately $2,788,000. Public Employees Retirement System of Ohio purchased a new position in Ralliant in the 2nd quarter valued at approximately $1,799,000. Finally, Truist Financial Corp purchased a new position in Ralliant in the 2nd quarter valued at approximately $1,409,000.

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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