Regal Rexnord (RRX) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Regal Rexnord in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RRX shares.
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4 Wall Street research analysts have issued twelve-month price objectives for Regal Rexnord's shares. Their RRX share price forecasts range from $184.00 to $211.00. On average, they predict the company's stock price to reach $195.00 in the next twelve months. This suggests a possible upside of 32.3% 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 beginning of the year. Since then, RRX shares have increased by 22.8% and is now trading at $147.38.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our RRX earnings forecast.

Regal Rexnord Co. (NYSE:RRX) issued its quarterly earnings results on Monday, July, 31st. The company reported $2.56 EPS for the quarter, beating analysts' consensus estimates of $2.44 by $0.12. The firm earned $1.77 billion during the quarter, compared to analysts' expectations of $1.77 billion. Regal Rexnord had a net margin of 4.45% and a trailing twelve-month return on equity of 10.53%. The business's quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.76 EPS.

Regal Rexnord announced a quarterly dividend on Monday, July 24th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.35 per share on Friday, October 13th. This represents a $1.40 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for RRX.

ETFs with the largest weight of Regal Rexnord (NYSE:RRX) stock in their portfolio include ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Thrivent Small-Mid Cap ESG ETF (TSME), Putnam Sustainable Future ETF (PFUT), Fidelity Small-Mid Cap Opportunities ETF (FSMO), Fidelity Blue Chip Value ETF (FBCV), Global X U.S. Infrastructure Development ETF (PAVE), iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) and iShares S&P Mid-Cap 400 Value ETF (IJJ).

Regal Rexnord (NYSE:RRX) pays an annual dividend of $1.40 per share and currently has a dividend yield of 0.92%. The dividend payout ratio is 37.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRX will have a dividend payout ratio of 11.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RRX.

Regal Rexnord updated its FY 2023 earnings guidance on Monday, July, 31st. The company provided EPS guidance of $10.20-$10.60 for the period, compared to the consensus earnings per share estimate of $10.63. 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 number of institutional and retail investors. Top institutional shareholders include Capital World Investors (9.50%), BlackRock Inc. (8.69%), Diamond Hill Capital Management Inc. (3.55%), Alliancebernstein L.P. (2.87%), State Street Corp (2.78%) and Dimensional Fund Advisors LP (2.06%). Insiders that own company stock include Christopher L Doerr, Curtis W Stoelting, John Avampato 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 $147.38.

Regal Rexnord (NYSE:RRX) has a market capitalization of $9.77 billion and generates $5.22 billion in revenue each year. The company earns $488.90 million in net income (profit) each year or $3.72 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.