Crawford Investment Counsel Inc. acquired a new position in shares of Ralliant Corporation (NYSE:RAL – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 18,080 shares of the company’s stock, valued at approximately $791,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dodge & Cox bought a new position in Ralliant during the second quarter worth about $523,571,000. Viking Global Investors LP bought a new stake in shares of Ralliant in the 2nd quarter valued at about $257,200,000. State Street Corp acquired a new stake in shares of Ralliant in the 2nd quarter valued at approximately $213,096,000. Norges Bank acquired a new stake in shares of Ralliant in the 2nd quarter valued at approximately $108,453,000. Finally, Invesco Ltd. bought a new position in Ralliant during the 2nd quarter worth approximately $98,753,000.
Ralliant Price Performance
Shares of RAL opened at $42.34 on Monday. The stock has a 50 day simple moving average of $48.24 and a 200 day simple moving average of $46.76. Ralliant Corporation has a 52-week low of $37.27 and a 52-week high of $57.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.58 and a current ratio of 0.84. The firm has a market capitalization of $4.73 billion and a PE ratio of 21.60.
Ralliant Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, March 9th. Ralliant’s dividend payout ratio (DPR) is presently 10.20%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on RAL shares. Weiss Ratings cut shares of Ralliant from a “hold (c)” rating to a “sell (d)” rating in a report on Thursday, February 5th. Royal Bank Of Canada reduced their price target on shares of Ralliant from $52.00 to $41.00 and set a “sector perform” rating on the stock in a research report on Friday, February 6th. Zacks Research lowered shares of Ralliant from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Vertical Research upgraded shares of Ralliant from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Friday, February 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $45.00 price objective on shares of Ralliant in a research note on Friday, February 6th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $50.50.
Check Out Our Latest Report on RAL
Insiders Place Their Bets
In other Ralliant news, SVP Karen M. Bick sold 2,530 shares of Ralliant stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $46.50, for a total value of $117,645.00. Following the sale, the senior vice president owned 42,652 shares of the company’s stock, valued at $1,983,318. This trade represents a 5.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kevin E. Bryant purchased 1,250 shares of the company’s stock in a transaction on Friday, February 6th. The stock was purchased at an average cost of $39.97 per share, for a total transaction of $49,962.50. Following the purchase, the director directly owned 4,653 shares in the company, valued at approximately $185,980.41. This trade represents a 36.73% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 8,145 shares of company stock worth $332,233 in the last ninety days.
Ralliant 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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