Regal Rexnord Corporation (NYSE:RRX) Given Average Rating of "Buy" by Brokerages

Key Points

• Regal Rexnord Corporation (NYSE:RRX) has received an average rating of "Buy" from eight brokerages, with a consensus target price of $181.63.
• Recent analysts' reports included a downgrade by Wall Street Zen and varying target price adjustments by firms like Barclays and Goldman Sachs, highlighting ongoing fluctuations in investment sentiment.
• The company announced a quarterly dividend of $0.35 per share, representing an annualized yield of 1.0% and a payout ratio of 37.23%.

Shares of Regal Rexnord Corporation (NYSE:RRX - Get Free Report) have been assigned a consensus recommendation of "Buy" from the eight ratings firms that are covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $181.6250.

A number of research firms recently commented on RRX. KeyCorp set a $180.00 price objective on shares of Regal Rexnord and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Wall Street Zen downgraded Regal Rexnord from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 21st. Barclays reduced their price objective on Regal Rexnord from $163.00 to $161.00 and set an "overweight" rating for the company in a research note on Tuesday, September 16th. JPMorgan Chase & Co. began coverage on Regal Rexnord in a research note on Monday, September 15th. They set an "overweight" rating and a $200.00 target price on the stock. Finally, The Goldman Sachs Group dropped their target price on Regal Rexnord from $192.00 to $170.00 and set a "buy" rating on the stock in a report on Tuesday, September 16th.

Hedge Funds Weigh In On Regal Rexnord

A number of hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in shares of Regal Rexnord by 5.7% during the third quarter. GAMMA Investing LLC now owns 1,900 shares of the company's stock worth $273,000 after acquiring an additional 103 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of Regal Rexnord by 59.5% during the 2nd quarter. Corient Private Wealth LLC now owns 4,278 shares of the company's stock worth $620,000 after purchasing an additional 1,596 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Regal Rexnord by 29.0% during the 2nd quarter. Osaic Holdings Inc. now owns 5,216 shares of the company's stock worth $750,000 after purchasing an additional 1,172 shares in the last quarter. American Trust acquired a new stake in shares of Regal Rexnord during the 2nd quarter valued at about $285,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Regal Rexnord in the 2nd quarter valued at approximately $1,277,000. 99.72% of the stock is owned by institutional investors and hedge funds.

Regal Rexnord Trading Up 0.3%

Shares of RRX opened at $143.56 on Friday. The business's 50-day moving average price is $146.37 and its 200 day moving average price is $135.08. The company has a current ratio of 2.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $9.53 billion, a P/E ratio of 38.18, a P/E/G ratio of 1.44 and a beta of 1.16. Regal Rexnord has a 1-year low of $90.56 and a 1-year high of $185.28.

Regal Rexnord (NYSE:RRX - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.42 by $0.06. The company had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.50 billion. Regal Rexnord had a net margin of 4.28% and a return on equity of 9.73%. The business's revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the company posted $2.29 earnings per share. Regal Rexnord has set its FY 2025 guidance at 9.700-10.300 EPS. Analysts expect that Regal Rexnord will post 9.95 earnings per share for the current year.

Regal Rexnord Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a $0.35 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.40 dividend on an annualized basis and a yield of 1.0%. Regal Rexnord's dividend payout ratio is presently 37.23%.

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.

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