Ralliant Corporation (NYSE:RAL) Stock Has Consensus Target Price of $77.40

by · The Cerbat Gem

Ralliant Corporation (NYSE:RAL – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $77.40.

Several brokerages have weighed in on RAL. Truist Financial reissued a “buy” rating and set a $82.00 price target (up from $68.00) on shares of Ralliant in a research report on Friday, July 31st. Wall Street Zen cut shares of Ralliant from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 30th. Evercore reaffirmed an “outperform” rating on shares of Ralliant in a research note on Tuesday, September 22nd. BMO Capital Markets began coverage on shares of Ralliant in a research note on Monday, July 20th. They set a “market perform” rating and a $78.00 price objective for the company. Finally, Citigroup increased their target price on shares of Ralliant from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, October 12th.

Read Our Latest Analysis on RAL

Trending Headlines about Ralliant

Here are the key news stories impacting Ralliant this week:

Insider Buying and Selling

In other Ralliant news, SVP Karen Bick sold 6,062 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $72.00, for a total transaction of $436,464.00. Following the completion of the transaction, the senior vice president owned 31,668 shares of the company’s stock, valued at $2,280,096. This represents a 16.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Tamara Newcombe sold 12,936 shares of the stock in a transaction that occurred 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 sale, the chief executive officer owned 246,897 shares of the company’s stock, valued at approximately $17,425,990.26. This trade represents a 4.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 44,870 shares of company stock valued at $3,122,883 in the last ninety days. 0.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ralliant

Several hedge funds have recently made changes to their positions in the business. Fulcrum Asset Management LLP purchased a new position in shares of Ralliant during the 3rd quarter worth approximately $54,000. CenterBook Partners LP bought a new position in shares of Ralliant in the 3rd quarter worth approximately $269,000. First Nebraska Trust Co purchased a new position in shares of Ralliant in the 3rd quarter valued at approximately $649,000. Vise Technologies Inc. purchased a new position in shares of Ralliant in the 3rd quarter valued at approximately $202,000. Finally, MGO One Seven LLC purchased a new position in shares of Ralliant in the 3rd quarter valued at approximately $293,000.

Ralliant Stock Performance

NYSE:RAL opened at $71.43 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.00 and a current ratio of 1.52. Ralliant has a fifty-two week low of $37.27 and a fifty-two week high of $75.41. The firm has a market cap of $7.90 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 2.64 and a beta of 1.42. The business has a 50 day moving average price of $68.08 and a 200-day moving average price of $58.88.

Ralliant (NYSE:RAL – Get Free Report) last issued its 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 56.38% and a positive return on equity of 14.97%. The company had revenue of $620.10 million for the quarter. During the same period in the previous year, the firm earned $0.60 earnings per share. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. Equities research analysts predict that Ralliant will post 2.88 earnings per share for the current year.

Ralliant Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 23rd. Investors of record on Tuesday, December 8th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Tuesday, December 8th. Ralliant’s payout ratio is currently -1.84%.

Ralliant Company Profile

(Get Free Report)

Ralliant Corporation (NYSE: RAL) is an industrial technology company that develops and supplies highly engineered products and solutions for customers with demanding measurement, monitoring, sensing and reliability requirements. Its offerings are designed to support the performance, safety and efficiency of industrial equipment and processes.

The company’s portfolio includes test and measurement instruments, sensing and monitoring technologies, power and electrical solutions, and products used to improve the reliability and maintenance of industrial assets.

See Also