Regal Rexnord (NYSE:RRX) Downgraded by Wall Street Zen to Hold

Key Points

• Wall Street Zen downgraded Regal Rexnord from “buy” to “hold,” though broader analyst sentiment remains “Moderate Buy,” with eight Buy ratings and three Hold ratings.
• Analysts’ consensus price target is $243.75, compared with the stock’s reported opening price of $159.87; individual targets ranged from $250 to $286.
• Regal Rexnord exceeded quarterly earnings expectations, reporting $2.99 in EPS versus the $2.58 consensus, while revenue reached $1.56 billion and increased 4.2% year over year.

Regal Rexnord (NYSE:RRX - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday, Wall Street Zen reports.

Other analysts have also issued research reports about the stock. Wolfe Research set a $250.00 price objective on shares of Regal Rexnord in a research note on Thursday, July 9th. Oppenheimer restated an "outperform" rating on shares of Regal Rexnord in a research note on Friday, July 10th. DA Davidson began coverage on shares of Regal Rexnord in a report on Tuesday, June 16th. They set a "buy" rating and a $260.00 price target for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Regal Rexnord in a research note on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Regal Rexnord in a report on Monday, July 20th. They issued a "buy" rating and a $286.00 price objective on the stock. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $243.75.

Regal Rexnord Stock Up 2.1%

Shares of NYSE RRX opened at $159.87 on Friday. Regal Rexnord has a 12-month low of $127.96 and a 12-month high of $247.80. The company has a market cap of $10.65 billion, a P/E ratio of 32.96, a P/E/G ratio of 1.25 and a beta of 1.09. The company has a current ratio of 2.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average price of $168.25 and a 200 day moving average price of $193.20.

Regal Rexnord (NYSE:RRX - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.58 by $0.41. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.58 billion. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%.The firm's revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $2.48 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. Research analysts anticipate that Regal Rexnord will post 10.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Regal Rexnord in the 2nd quarter valued at approximately $1,477,356,000. Victory Capital Management Inc. lifted its stake in Regal Rexnord by 42.6% during the fourth quarter. Victory Capital Management Inc. now owns 5,658,365 shares of the company's stock worth $793,983,000 after purchasing an additional 1,690,264 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Regal Rexnord by 75.8% in the second quarter. Wellington Management Group LLP now owns 2,584,056 shares of the company's stock worth $615,496,000 after purchasing an additional 1,113,888 shares during the period. Bank of New York Mellon Corp acquired a new position in Regal Rexnord in the second quarter worth $449,281,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Regal Rexnord in the second quarter worth $254,637,000. Institutional investors and hedge funds own 99.72% of the company's stock.

About Regal Rexnord

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.

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