Ralliant (NYSE:RAL) Hits New 52-Week Low - Time to Sell?

Key Points

• Ralliant Corporation's shares reached a new 52-week low of $42.00, prompting discussions about whether investors should consider selling.
• Multiple analysts have recently issued ratings on Ralliant, with a consensus rating of "Hold" and an average price target of $57.00.
• The company declared a dividend of $0.05 per share, which will be paid on September 23rd, with an ex-dividend date of September 8th.

Ralliant Corporation (NYSE:RAL - Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $42.00 and last traded at $42.05, with a volume of 1354446 shares traded. The stock had previously closed at $43.52.

Analyst Upgrades and Downgrades

RAL has been the subject of a number of analyst reports. Melius Research raised shares of Ralliant to a "hold" rating in a research report on Tuesday, July 22nd. Wall Street Zen raised shares of Ralliant to a "hold" rating in a report on Sunday, July 13th. Citigroup began coverage on Ralliant in a report on Monday, July 21st. They set a "neutral" rating and a $53.00 price objective for the company. TD Cowen began coverage on Ralliant in a research report on Tuesday, July 15th. They issued a "buy" rating and a $64.00 target price on the stock. Finally, Melius started coverage on shares of Ralliant in a report on Tuesday, July 22nd. They set a "hold" rating and a $56.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $57.00.

Ralliant Trading Down 3.4%

Ralliant Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RAL. Farmers & Merchants Investments Inc. bought a new stake in shares of Ralliant during the second quarter worth about $662,000. GAMMA Investing LLC acquired a new position in shares of Ralliant during the second quarter worth $56,000. Alpha Omega Wealth Management LLC bought a new stake in shares of Ralliant in the second quarter worth $213,000. Public Employees Retirement System of Ohio bought a new stake in shares of Ralliant in the second quarter worth $1,799,000. Finally, TD Private Client Wealth LLC acquired a new stake in Ralliant in the second quarter valued at $284,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.