
Principal Financial Group Inc. Trims Holdings in Ralliant Corporation $RAL

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Principal Financial Group Inc. reduced its holdings in Ralliant Corporation (NYSE:RAL) by 20.5% in Q3, owning 540,932 shares after selling 139,242 shares. Ralliant's market cap is $4.46 billion, with a recent stock price of $39.50. Analysts have mixed ratings, with seven recommending a buy and three a hold. Ralliant's Q4 EPS was $0.69, beating estimates, but the company faced a $1.4 billion goodwill impairment, leading to a significant selloff. The average target price for Ralliant is $51.30, reflecting a moderate buy consensus.
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