Regal Rexnord (RRX) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Regal Rexnord in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RRX shares.
View RRX analyst ratings or view top-rated stocks.

6 Wall Street analysts have issued 12-month target prices for Regal Rexnord's shares. Their RRX share price forecasts range from $184.00 to $190.00. On average, they predict the company's stock price to reach $186.00 in the next year. This suggests a possible upside of 29.4% from the stock's current price.
View analysts price targets for RRX or view top-rated stocks among Wall Street analysts.

Regal Rexnord's stock was trading at $119.98 at the start of the year. Since then, RRX stock has increased by 19.8% and is now trading at $143.79.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our RRX earnings forecast.

Regal Rexnord Co. (NYSE:RRX) announced its quarterly earnings data on Wednesday, February, 1st. The company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.34. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.26 billion. Regal Rexnord had a net margin of 6.95% and a trailing twelve-month return on equity of 10.81%. The firm's revenue was up 2.3% on a year-over-year basis. During the same period last year, the company earned $2.14 EPS.

Regal Rexnord announced a quarterly dividend on Monday, April 24th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.35 per share on Friday, July 14th. This represents a $1.40 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, June 29th.
Read our dividend analysis for RRX.

ETFs with the largest weight of Regal Rexnord (NYSE:RRX) stock in their portfolio include Thrivent Small-Mid Cap ESG ETF (TSME), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Putnam Sustainable Future ETF (PFUT), Fidelity Small-Mid Cap Opportunities ETF (FSMO), Fidelity Blue Chip Value ETF (FBCV), Vanguard S&P Mid-Cap 400 Value ETF (IVOV), Global X U.S. Infrastructure Development ETF (PAVE) and First Trust SMID Cap Rising Dividend Archievers ETF (SDVY).

Regal Rexnord (NYSE:RRX) pays an annual dividend of $1.40 per share and currently has a dividend yield of 1.00%. The dividend payout ratio is 26.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRX will have a dividend payout ratio of 11.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RRX.

Regal Rexnord issued an update on its FY 2023 earnings guidance on Friday, May, 5th. The company provided earnings per share (EPS) guidance of $10.20-$11.10 for the period, compared to the consensus estimate of $10.73. The company issued revenue guidance of -.

Regal Rexnord trades on the New York Stock Exchange (NYSE) under the ticker symbol "RRX."

Regal Rexnord's stock is owned by a variety of institutional and retail investors. Top institutional investors include FMR LLC (13.09%), BlackRock Inc. (8.93%), Diamond Hill Capital Management Inc. (2.79%), State Street Corp (2.78%), Dimensional Fund Advisors LP (2.08%) and Macquarie Group Ltd. (1.75%). Insiders that own company stock include Christopher L Doerr, Curtis W Stoelting and John C Kunze.
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Shares of RRX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RRX stock can currently be purchased for approximately $143.79.

Regal Rexnord (NYSE:RRX) has a market capitalization of $9.53 billion and generates $5.22 billion in revenue each year. The company earns $488.90 million in net income (profit) each year or $5.36 on an earnings per share basis.

The company employs 26,000 workers across the globe.

Regal Rexnord's mailing address is 200 State St, Beloit, Wisconsin 53511-6254. The official website for the company is www.regalbeloit.com. The company can be reached via phone at (608) 364-8800, via email at investor@regalbeloit.com, or via fax at 608-364-8816.