Envestnet Asset Management Inc. Takes $4.92 Million Position in Ralliant Corporation $RAL

Envestnet Asset Management Inc. acquired a new position in shares of Ralliant Corporation (NYSE:RAL) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 101,497 shares of the company’s stock, valued at approximately $4,922,000.

Other institutional investors have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. acquired a new position in Ralliant during the second quarter worth $27,000. Evermay Wealth Management LLC purchased a new stake in shares of Ralliant in the 2nd quarter valued at $32,000. CX Institutional acquired a new position in Ralliant during the 2nd quarter worth about $47,000. Hartford Financial Management Inc. purchased a new position in Ralliant during the 2nd quarter valued at about $48,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in Ralliant during the 2nd quarter valued at about $53,000.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Citigroup started coverage on shares of Ralliant in a research report on Monday, July 21st. They set a “neutral” rating and a $53.00 price target on the stock. Morgan Stanley began coverage on shares of Ralliant in a research note on Tuesday, September 2nd. They set an “overweight” rating and a $55.00 target price on the stock. Melius began 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. Royal Bank Of Canada boosted their price target on shares of Ralliant from $45.00 to $52.00 and gave the stock a “sector perform” rating in a research note on Friday, November 7th. Finally, Oppenheimer started coverage on Ralliant in a research report on Wednesday, September 10th. They set an “outperform” rating and a $55.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Ralliant currently has a consensus rating of “Hold” and an average target price of $55.75.

Ralliant Stock Down 0.7%

Shares of Ralliant stock opened at $47.44 on Friday. Ralliant Corporation has a 52-week low of $40.70 and a 52-week high of $55.08. The business has a 50 day moving average price of $43.60. The company has a quick ratio of 1.03, a current ratio of 1.49 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $5.35 billion and a P/E ratio of 37.35.

Ralliant (NYSE:RAL) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $529.10 million during the quarter, compared to analysts’ expectations of $519.14 million. Ralliant has set its Q4 2025 guidance at 0.620-0.680 EPS.

Ralliant Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Monday, December 8th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, December 8th. Ralliant’s dividend payout ratio is 15.75%.

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.