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

Key Points

• Analyst consensus is “Moderate Buy”: Eight of 11 analysts rate Regal Rexnord a buy, while three recommend holding it. The average 12-month price target is approximately $244.92.
• Quarterly earnings beat expectations: Regal Rexnord reported $2.99 in EPS versus the $2.58 consensus estimate, while revenue rose 4.2% year over year to $1.56 billion, slightly below forecasts.
• The company declared a quarterly dividend of $0.35 per share, equivalent to $1.40 annually and a 0.8% yield. Institutional investors and hedge funds own approximately 99.72% of the stock.

Regal Rexnord Corporation (NYSE:RRX - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eleven analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $244.9167.

A number of analysts have recently commented on the company. UBS Group set a $260.00 price objective on Regal Rexnord in a research report on Monday, June 15th. DA Davidson assumed coverage on shares of Regal Rexnord in a research report on Tuesday, June 16th. They set a "buy" rating and a $260.00 price target for the company. Wall Street Zen lowered shares of Regal Rexnord from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 18th. KeyCorp lowered their price objective on Regal Rexnord from $265.00 to $240.00 and set an "overweight" rating on the stock in a report on Thursday, August 6th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Regal Rexnord in a research note on Friday, July 17th.

Regal Rexnord Stock Up 0.1%

Shares of RRX opened at $166.36 on Monday. 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 has a 52 week low of $127.96 and a 52 week high of $247.80. The stock's 50-day moving average price is $204.51 and its 200-day moving average price is $203.98. The company has a market capitalization of $11.08 billion, a price-to-earnings ratio of 34.30, a PEG ratio of 1.24 and a beta of 1.09.

Regal Rexnord (NYSE:RRX - Get Free Report) last posted its earnings results 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. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the firm earned $2.48 EPS. The business's quarterly revenue was up 4.2% on a year-over-year basis. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, sell-side analysts predict that Regal Rexnord will post 10.68 EPS for the current year.

Regal Rexnord Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, September 30th. Regal Rexnord's payout ratio is presently 28.87%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RRX. Clearstead Trust LLC acquired a new stake in Regal Rexnord during the 2nd quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Regal Rexnord in the second quarter valued at about $27,000. Covestor Ltd lifted its stake in shares of Regal Rexnord by 81.6% in the fourth quarter. Covestor Ltd now owns 178 shares of the company's stock worth $25,000 after buying an additional 80 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Regal Rexnord in the second quarter worth about $43,000. Finally, FNY Investment Advisers LLC acquired a new position in Regal Rexnord during the second quarter worth about $43,000. 99.72% of the stock is owned by institutional investors and hedge funds.

About Regal Rexnord

Regal Rexnord Corporation NYSE: RRX is a global industrial manufacturer specializing in electric motors, power generation equipment and automated motion control systems. The company designs, engineers and produces a broad portfolio of products that includes energy-efficient electric motors, variable frequency drives, gearboxes, couplings, bearings and power transmission components. These offerings support critical applications in industries such as heating, ventilation and air conditioning (HVAC), refrigeration, data centers, water treatment, food and beverage processing, mining, oil and gas, and material handling.

The company's operations are organized into multiple business segments that address distinct customer needs.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source