Panagora Asset Management Inc. Takes Position in Ralliant Corporation $RAL

Panagora Asset Management Inc. bought a new stake in Ralliant Corporation (NYSE:RAL) in the second quarter, HoldingsChannel.com reports. The firm bought 123,128 shares of the company’s stock, valued at approximately $5,970,000.

Several other large investors also recently bought and sold shares of the stock. New York State Common Retirement Fund acquired a new stake in Ralliant in the 2nd quarter valued at about $3,024,000. Loomis Sayles & Co. L P acquired a new position in shares of Ralliant during the second quarter worth about $2,326,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Ralliant during the second quarter worth approximately $411,000. Norges Bank acquired a new stake in Ralliant in the second quarter valued at approximately $108,453,000. Finally, Level Four Advisory Services LLC purchased a new position in Ralliant in the second quarter worth approximately $692,000.

Ralliant Stock Down 0.3%

NYSE:RAL opened at $48.65 on Wednesday. The stock has a market cap of $5.49 billion and a P/E ratio of 38.30. Ralliant Corporation has a 52-week low of $40.70 and a 52-week high of $55.08. The stock’s 50 day moving average price is $44.81. The company has a quick ratio of 1.03, a current ratio of 1.49 and a debt-to-equity ratio of 0.39.

Ralliant (NYSE:RAL) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.60 earnings per share 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 declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Monday, December 8th will be given a $0.05 dividend. The ex-dividend date is Monday, December 8th. This represents a $0.20 annualized dividend and a yield of 0.4%. Ralliant’s dividend payout ratio is 15.75%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Morgan Stanley started coverage on Ralliant in a research report on Tuesday, September 2nd. They set an “overweight” rating and a $55.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ralliant in a report on Wednesday, November 26th. Royal Bank Of Canada increased their price target on shares of Ralliant from $45.00 to $52.00 and gave the company a “sector perform” rating in a research note on Friday, November 7th. Barclays reduced their price objective on shares of Ralliant from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Wednesday, August 13th. Finally, Oppenheimer started coverage on shares of Ralliant in a report on Wednesday, September 10th. They issued an “outperform” rating and a $55.00 target price for the company. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $55.75.

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.