Regal Rexnord Co. (NYSE:RRX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Regal Rexnord Co. (NYSE:RRX) have been given an average recommendation of “Moderate Buy” by the nine research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $170.75.

RRX has been the subject of several recent analyst reports. Citigroup reduced their target price on shares of Regal Rexnord from $170.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday. The Goldman Sachs Group lowered their price objective on Regal Rexnord from $183.00 to $163.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. StockNews.com raised Regal Rexnord from a “hold” rating to a “buy” rating in a research note on Tuesday. Oppenheimer dropped their price objective on Regal Rexnord from $210.00 to $190.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Finally, Barclays reduced their target price on Regal Rexnord from $160.00 to $155.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th.

Regal Rexnord Stock Performance

Shares of RRX stock opened at $96.83 on Friday. The stock’s 50-day moving average price is $123.55 and its 200 day moving average price is $151.26. The company has a quick ratio of 1.25, a current ratio of 2.26 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $6.42 billion, a PE ratio of 32.82, a price-to-earnings-growth ratio of 1.37 and a beta of 1.09. Regal Rexnord has a 52-week low of $90.56 and a 52-week high of $185.28.

Regal Rexnord (NYSE:RRX) last released its earnings results on Wednesday, February 5th. The company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.22). Regal Rexnord had a net margin of 3.25% and a return on equity of 9.57%. As a group, equities research analysts forecast that Regal Rexnord will post 9.95 EPS for the current year.

Regal Rexnord Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.45%. Regal Rexnord’s dividend payout ratio (DPR) is 47.46%.

Institutional Trading of Regal Rexnord

Large investors have recently made changes to their positions in the stock. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Regal Rexnord by 472.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 166 shares of the company’s stock worth $25,000 after purchasing an additional 137 shares during the last quarter. Bernard Wealth Management Corp. acquired a new stake in Regal Rexnord in the 4th quarter worth about $30,000. Aster Capital Management DIFC Ltd acquired a new stake in Regal Rexnord in the 4th quarter worth about $33,000. Tobam purchased a new stake in Regal Rexnord in the 4th quarter valued at about $45,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Regal Rexnord by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 322 shares of the company’s stock valued at $50,000 after acquiring an additional 153 shares during the last quarter. Institutional investors and hedge funds own 99.72% of the company’s stock.

About Regal Rexnord

Regal Rexnord Corporation manufactures and sells industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems worldwide. The Industrial Powertrain Solutions segment provides mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes, gear motors, clutches, brakes, special, and industrial powertrain components and solutions for food and beverage, bulk material handling, eCommerce/warehouse distribution, energy, mining, marine, agricultural machinery, turf and garden, and general industrial markets.