Regal Rexnord (NYSE:RRX) Price Target Lowered to $199.00 at Barclays

Regal Rexnord (NYSE:RRX - Get Free Report) had its price objective reduced by Barclays from $203.00 to $199.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price objective would indicate a potential upside of 26.47% from the stock's previous close.

Other research analysts also recently issued research reports about the stock. KeyCorp boosted their target price on shares of Regal Rexnord from $180.00 to $210.00 and gave the company an "overweight" rating in a research note on Monday, March 25th. Robert W. Baird boosted their price objective on shares of Regal Rexnord from $205.00 to $208.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Oppenheimer raised their target price on shares of Regal Rexnord from $185.00 to $210.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 13th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $195.60.

Regal Rexnord Price Performance

Shares of RRX stock traded up $0.16 during trading hours on Wednesday, hitting $157.35. The company's stock had a trading volume of 426,257 shares, compared to its average volume of 464,655. The company has a current ratio of 2.55, a quick ratio of 1.59 and a debt-to-equity ratio of 1.00. Regal Rexnord has a twelve month low of $97.18 and a twelve month high of $183.85. The stock has a market cap of $10.46 billion, a price-to-earnings ratio of -180.86, a P/E/G ratio of 1.64 and a beta of 1.16. The business has a fifty day moving average of $169.44 and a 200-day moving average of $146.68.

Regal Rexnord (NYSE:RRX - Get Free Report) last announced its earnings results on Monday, May 6th. The company reported $2.00 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $0.02. Regal Rexnord had a positive return on equity of 9.58% and a negative net margin of 0.92%. The firm had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.56 billion. During the same quarter in the prior year, the firm earned $2.22 EPS. Regal Rexnord's quarterly revenue was up 26.4% on a year-over-year basis. As a group, equities research analysts anticipate that Regal Rexnord will post 10.05 EPS for the current year.

Insider Activity at Regal Rexnord

In other Regal Rexnord news, EVP Thomas E. Valentyn sold 647 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $169.70, for a total transaction of $109,795.90. Following the transaction, the executive vice president now owns 28,412 shares of the company's stock, valued at $4,821,516.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Regal Rexnord news, EVP Thomas E. Valentyn sold 647 shares of the business's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $169.70, for a total transaction of $109,795.90. Following the completion of the sale, the executive vice president now owns 28,412 shares of the company's stock, valued at $4,821,516.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Thomas E. Valentyn sold 1,931 shares of the firm's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $166.09, for a total value of $320,719.79. Following the completion of the transaction, the executive vice president now owns 27,180 shares in the company, valued at $4,514,326.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,570 shares of company stock worth $892,301. 0.82% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cary Street Partners Investment Advisory LLC boosted its holdings in Regal Rexnord by 652.2% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 173 shares of the company's stock worth $25,000 after acquiring an additional 150 shares during the period. Rise Advisors LLC purchased a new position in shares of Regal Rexnord in the first quarter valued at $33,000. GAMMA Investing LLC purchased a new position in shares of Regal Rexnord in the fourth quarter valued at $58,000. ICA Group Wealth Management LLC acquired a new stake in Regal Rexnord during the 4th quarter valued at $70,000. Finally, Riverview Trust Co purchased a new stake in Regal Rexnord during the 1st quarter worth $75,000. 99.72% of the stock is owned by institutional investors and hedge funds.

Regal Rexnord Company Profile

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.