Regal Rexnord Corporation (NYSE:RRX) Receives $185.25 Average Target Price from Brokerages

Shares of Regal Rexnord Corporation (NYSE:RRX - Get Free Report) have earned an average recommendation of "Buy" from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have covered the stock in the last year is $185.25.

RRX has been the topic of several research reports. Barclays upped their price target on Regal Rexnord from $160.00 to $165.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. The Goldman Sachs Group boosted their target price on Regal Rexnord from $173.00 to $195.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Citigroup reiterated a "buy" rating and issued a $165.00 price target (up previously from $145.00) on shares of Regal Rexnord in a research report on Tuesday, June 24th. KeyCorp set a $180.00 price objective on Regal Rexnord and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, Wall Street Zen lowered shares of Regal Rexnord from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 5th.

Institutional Trading of Regal Rexnord

A number of hedge funds have recently modified their holdings of RRX. Cetera Investment Advisers boosted its holdings in shares of Regal Rexnord by 7.1% during the fourth quarter. Cetera Investment Advisers now owns 2,818 shares of the company's stock worth $437,000 after purchasing an additional 187 shares during the period. D. E. Shaw & Co. Inc. lifted its position in Regal Rexnord by 1,869.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 97,912 shares of the company's stock worth $15,189,000 after buying an additional 92,940 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Regal Rexnord during the 4th quarter valued at $7,601,000. Jefferies Financial Group Inc. purchased a new position in shares of Regal Rexnord during the 4th quarter valued at $1,427,000. Finally, Lighthouse Investment Partners LLC increased its stake in shares of Regal Rexnord by 1,089.4% in the fourth quarter. Lighthouse Investment Partners LLC now owns 39,000 shares of the company's stock worth $6,050,000 after acquiring an additional 35,721 shares during the last quarter. Hedge funds and other institutional investors own 99.72% of the company's stock.

Regal Rexnord Price Performance

NYSE RRX traded down $6.25 on Monday, reaching $138.68. The company's stock had a trading volume of 1,039,851 shares, compared to its average volume of 639,079. Regal Rexnord has a twelve month low of $90.56 and a twelve month high of $185.28. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 2.00. The firm's 50 day moving average is $148.38 and its two-hundred day moving average is $133.08. The stock has a market cap of $9.20 billion, a PE ratio of 36.88, a PEG ratio of 1.46 and a beta of 1.18.

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

Regal Rexnord Announces Dividend

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

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.