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

Regal Rexnord Co. (NYSE:RRX) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $195.75.

A number of equities research analysts have issued reports on the company. Oppenheimer decreased their target price on Regal Rexnord from $210.00 to $190.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. The Goldman Sachs Group upped their target price on Regal Rexnord from $191.00 to $213.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Barclays decreased their target price on Regal Rexnord from $176.00 to $160.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Jefferies Financial Group assumed coverage on Regal Rexnord in a research report on Thursday, December 12th. They issued a “buy” rating and a $215.00 price objective for the company. Finally, StockNews.com cut Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 16th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in Regal Rexnord by 11.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,478 shares of the company’s stock worth $540,000 after purchasing an additional 346 shares during the period. Jefferies Financial Group Inc. acquired a new position in Regal Rexnord during the fourth quarter worth $1,427,000. Bernard Wealth Management Corp. acquired a new position in Regal Rexnord during the fourth quarter worth $31,000. B. Riley Wealth Advisors Inc. raised its stake in Regal Rexnord by 12.5% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 2,369 shares of the company’s stock worth $368,000 after acquiring an additional 264 shares in the last quarter. Finally, Integrated Advisors Network LLC acquired a new position in Regal Rexnord during the fourth quarter worth $319,000. 99.72% of the stock is owned by institutional investors.

Regal Rexnord Trading Down 2.2 %

NYSE:RRX opened at $120.82 on Monday. The company has a market capitalization of $8.01 billion, a P/E ratio of 40.96, a P/E/G ratio of 1.37 and a beta of 1.11. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 2.26. The stock’s 50 day moving average price is $139.44 and its 200 day moving average price is $156.57. Regal Rexnord has a 52 week low of $113.73 and a 52 week high of $185.28.

Regal Rexnord (NYSE:RRX) last announced 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 return on equity of 9.57% and a net margin of 3.25%. On average, research analysts forecast that Regal Rexnord will post 9.95 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a $0.35 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.40 annualized dividend and a yield of 1.16%. Regal Rexnord’s dividend payout ratio (DPR) is currently 47.46%.

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.