First Nebraska Trust Co acquired a new position in shares of Ralliant Corporation (NYSE:RAL – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,323 shares of the company’s stock, valued at approximately $760,000.
A number of other large investors also recently added to or reduced their stakes in RAL. BlackRock Inc. bought a new position in shares of Ralliant in the 2nd quarter valued at about $1,039,481,000. Dodge & Cox raised its stake in shares of Ralliant by 13.3% during the fourth quarter. Dodge & Cox now owns 12,214,679 shares of the company’s stock worth $621,849,000 after buying an additional 1,434,376 shares during the last quarter. Viking Global Investors LP acquired a new position in Ralliant in the second quarter valued at approximately $257,200,000. Millennium Management LLC lifted its holdings in Ralliant by 172.4% in the fourth quarter. Millennium Management LLC now owns 4,973,001 shares of the company’s stock valued at $253,175,000 after buying an additional 3,147,660 shares during the period. Finally, State Street Corp acquired a new position in Ralliant in the second quarter valued at approximately $213,096,000.
Ralliant Stock Down 0.3%
Ralliant stock opened at $63.72 on Friday. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of -5.87, a PEG ratio of 2.36 and a beta of 1.60. The company’s 50 day simple moving average is $68.94 and its 200 day simple moving average is $55.92. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.52 and a quick ratio of 1.00. Ralliant Corporation has a fifty-two week low of $37.27 and a fifty-two week high of $75.41.
Ralliant Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Tuesday, September 8th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, September 8th. Ralliant’s dividend payout ratio (DPR) is presently -1.84%.
Insider Buying and Selling at Ralliant
In related news, SVP Karen M. Bick sold 6,062 shares of the firm’s stock in a transaction 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 sale, the senior vice president owned 31,668 shares of the company’s stock, valued at approximately $2,280,096. This trade represents a 16.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Tamara S. Newcombe sold 12,936 shares of Ralliant stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $71.79, for a total value of $928,675.44. Following the transaction, the chief executive officer owned 251,967 shares in the company, valued at approximately $18,088,710.93. This represents a 4.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.42% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have commented on RAL. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ralliant in a report on Friday, July 31st. Royal Bank Of Canada increased their price target on Ralliant from $71.00 to $73.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. Citigroup raised their price target on Ralliant from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Morgan Stanley lifted their price objective on Ralliant from $68.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 23rd. Finally, Wall Street Zen upgraded Ralliant from a “buy” rating to a “strong-buy” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $75.70.
Get Our Latest Research Report on Ralliant
Ralliant Company Profile
Ralliant, Inc (NYSE: RAL) is a medical technology company focused on enabling point-of-care cell therapy solutions in the field of regenerative medicine. The company develops and markets systems that isolate, concentrate and store adipose-derived stromal vascular fraction (SVF) cells directly from a patient’s own fat tissue, facilitating same-day, autologous treatments without the need for extensive laboratory infrastructure.
The company’s core product portfolio includes proprietary device platforms and single-use processing kits engineered to streamline the workflow for clinicians.
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