Regal Rexnord Corporation (NYSE:RRX) Stock Has Average Price Target of $230.50 According to Brokerages

Regal Rexnord Corporation (NYSE:RRX) has been given an average recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $230.50.

Several analysts have recently commented on the stock. The Goldman Sachs Group set a $216.00 target price on shares of Regal Rexnord in a report on Wednesday, September 30th. Wall Street Zen lowered shares of Regal Rexnord from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. Citigroup cut their price target on shares of Regal Rexnord from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Monday. KeyCorp cut their price target on shares of Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Finally, Wolfe Research set a $250.00 price objective on shares of Regal Rexnord in a research report on Thursday, July 9th.

Hedge Funds Weigh In On Regal Rexnord

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Regal Rexnord in the second quarter valued at approximately $1,477,356,000. Wellington Management Group LLP lifted its holdings in Regal Rexnord by 75.8% during the second quarter. Wellington Management Group LLP now owns 2,584,056 shares of the company’s stock worth $615,496,000 after acquiring an additional 1,113,888 shares during the period. Bank of New York Mellon Corp bought a new stake in Regal Rexnord during the second quarter worth $449,281,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Regal Rexnord during the second quarter worth $254,637,000. Finally, Bessemer Group Inc. lifted its holdings in Regal Rexnord by 4,155.4% during the first quarter. Bessemer Group Inc. now owns 916,054 shares of the company’s stock worth $171,541,000 after acquiring an additional 894,527 shares during the period. Hedge funds and other institutional investors own 99.72% of the company’s stock.

Regal Rexnord Trading Down 0.6%

NYSE RRX opened at $156.13 on Tuesday. The firm has a market capitalization of $10.40 billion, a P/E ratio of 15.43, a PEG ratio of 1.25 and a beta of 1.09. The business has a fifty day simple moving average of $161.31 and a 200 day simple moving average of $191.70. Regal Rexnord has a 12 month low of $127.96 and a 12 month high of $247.80. The company has a current ratio of 2.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66.

Regal Rexnord (NYSE:RRX) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.41. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $2.48 EPS. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, analysts predict that Regal Rexnord will post 10.64 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.40 annualized dividend and a dividend yield of 0.9%. Regal Rexnord’s dividend payout ratio (DPR) is currently 28.87%.

Regal Rexnord Company Profile

Regal Rexnord Corporation is a global manufacturer of industrial power, motion control and automation products. The company supplies electric motors, generators, gearboxes, bearings, couplings, clutches, brakes and related power-transmission equipment used to move, control and manage energy in industrial and commercial applications.

Its product portfolio also includes automation and motion-control technologies, conveyor and material-handling systems, precision components, and solutions designed to improve the efficiency and reliability of machinery.