Regal Rexnord Corporation (NYSE:RRX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Regal Rexnord Corporation (NYSE:RRX) have earned an average recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $244.92.

A number of brokerages recently issued reports on RRX. Oppenheimer reiterated an “outperform” rating on shares of Regal Rexnord in a research note on Friday, July 10th. UBS Group set a $260.00 price objective on shares of Regal Rexnord in a research note on Monday, June 15th. Wall Street Zen cut shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Deutsche Bank Aktiengesellschaft began coverage on shares of Regal Rexnord in a research note on Monday, July 20th. They issued a “buy” rating and a $286.00 target price on the stock. Finally, Wolfe Research set a $250.00 price target on shares of Regal Rexnord in a report on Thursday, July 9th.

Institutional Trading of Regal Rexnord

A number of institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd lifted its holdings in shares of Regal Rexnord by 81.6% during the fourth quarter. Covestor Ltd now owns 178 shares of the company’s stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Clearstead Trust LLC purchased a new position in Regal Rexnord in the 2nd quarter worth about $25,000. IFP Advisors Inc lifted its stake in Regal Rexnord by 34.0% during the 4th quarter. IFP Advisors Inc now owns 193 shares of the company’s stock valued at $27,000 after acquiring an additional 49 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Regal Rexnord during the 2nd quarter valued at about $27,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Regal Rexnord during the 2nd quarter valued at about $43,000. Institutional investors own 99.72% of the company’s stock.

Regal Rexnord Stock Down 1.0%

RRX stock opened at $150.95 on Friday. The business has a 50 day moving average of $174.81 and a 200 day moving average of $194.79. The firm has a market cap of $10.05 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 1.14 and a beta of 1.06. Regal Rexnord has a twelve month low of $127.96 and a twelve month high of $247.80. The company has a quick ratio of 1.16, a current ratio of 2.28 and a debt-to-equity ratio of 0.66.

Regal Rexnord (NYSE:RRX) last released its earnings results on Wednesday, August 5th. The company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.58 by $0.41. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%.The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the company posted $2.48 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, research analysts forecast that Regal Rexnord will post 10.68 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be given a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.40 annualized dividend and a yield of 0.9%. Regal Rexnord’s dividend payout ratio is 28.87%.

Regal Rexnord Company Profile

Regal Rexnord Corporation (NYSE: RRX) is a global manufacturer of industrial powertrain, motion control, automation and air-management products. The company develops technologies that help customers operate equipment more efficiently, reliably and safely across a range of industrial and commercial applications.

Its product portfolio includes electric motors and generators, gearboxes and geared motors, bearings, couplings, clutches, brakes, conveyor components, belting, automation systems, power-transmission products, fans and blowers.