Regal Rexnord's (RRX) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Regal Rexnord's stock received a "hold (c)" rating from Weiss Ratings, indicating a cautious outlook on the company's performance.
• Multiple brokerages have adjusted their target prices on Regal Rexnord, with Barclays lowering its target to $161.00, while Citigroup increased its target to $165.00.
• Regal Rexnord reported earnings of $2.48 per share for the last quarter, exceeding estimates and showing a slight decline in revenue of 3.3% year-over-year.

Regal Rexnord (NYSE:RRX - Get Free Report)'s stock had its "hold (c)" rating restated by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other brokerages have also weighed in on RRX. Barclays lowered their target price on Regal Rexnord from $163.00 to $161.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 16th. Citigroup reiterated a "buy" rating and set a $165.00 target price (up previously from $145.00) on shares of Regal Rexnord in a research note on Tuesday, June 24th. The Goldman Sachs Group lowered their price objective on Regal Rexnord from $192.00 to $170.00 and set a "buy" rating on the stock in a research note on Tuesday, September 16th. KeyCorp set a $180.00 price objective on Regal Rexnord and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Finally, Wall Street Zen lowered Regal Rexnord from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 21st. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Regal Rexnord has an average rating of "Moderate Buy" and an average target price of $181.63.

Regal Rexnord Stock Performance

RRX opened at $147.58 on Wednesday. Regal Rexnord has a 12-month low of $90.56 and a 12-month high of $185.28. The stock has a market cap of $9.79 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 1.45 and a beta of 1.16. The business has a 50 day moving average of $145.63 and a 200-day moving average of $135.80. The company has a quick ratio of 0.93, a current ratio of 2.00 and a debt-to-equity ratio of 0.72.

Regal Rexnord (NYSE:RRX - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $2.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 9.73% and a net margin of 4.28%.The business's revenue was down 3.3% on a year-over-year basis. During the same period last year, the firm posted $2.29 earnings per share. Regal Rexnord has set its FY 2025 guidance at 9.700-10.300 EPS. On average, equities research analysts expect that Regal Rexnord will post 9.95 earnings per share for the current year.

Institutional Investors Weigh In On Regal Rexnord

Several hedge funds have recently modified their holdings of the company. Hilltop National Bank boosted its holdings in shares of Regal Rexnord by 49.4% during the 3rd quarter. Hilltop National Bank now owns 1,482 shares of the company's stock valued at $213,000 after acquiring an additional 490 shares in the last quarter. 1620 Investment Advisors Inc. lifted its holdings in Regal Rexnord by 8.6% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 944 shares of the company's stock worth $135,000 after buying an additional 75 shares during the period. Moody National Bank Trust Division lifted its holdings in Regal Rexnord by 6.3% during the 3rd quarter. Moody National Bank Trust Division now owns 6,600 shares of the company's stock worth $947,000 after buying an additional 389 shares during the period. GAMMA Investing LLC lifted its holdings in Regal Rexnord by 5.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,900 shares of the company's stock worth $273,000 after buying an additional 103 shares during the period. Finally, Corient Private Wealth LLC lifted its holdings in 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 buying an additional 1,596 shares during the period. Institutional investors and hedge funds own 99.72% of the company's stock.

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.

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