Rexnord Stock Forecast, Price & News

Rexnord's stock was trading at $26.75 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, RXN stock has increased by 9.3% and is now trading at $29.23.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rexnord in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Rexnord is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Rexnord.

Rexnord Corp (NYSE:RXN) posted its quarterly earnings results on Tuesday, July, 28th. The industrial products company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.27 by $0.09. The industrial products company earned $449.10 million during the quarter, compared to the consensus estimate of $427.35 million. Rexnord had a net margin of 8.42% and a return on equity of 17.52%. The firm's revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 EPS.
View Rexnord's earnings history.

Rexnord declared a quarterly dividend on Friday, July 24th. Investors of record on Thursday, August 20th will be given a dividend of $0.08 per share on Tuesday, September 8th. This represents a $0.32 annualized dividend and a yield of 1.09%. The ex-dividend date is Wednesday, August 19th.
View Rexnord's dividend history.

Rexnord issued an update on its second quarter 2021 After-Hours earnings guidance on Tuesday, July, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $432.679-458.744 million, compared to the consensus revenue estimate of $459.22 million.

7 brokers have issued 12-month price objectives for Rexnord's shares. Their forecasts range from $28.00 to $42.00. On average, they anticipate Rexnord's stock price to reach $34.67 in the next twelve months. This suggests a possible upside of 18.6% from the stock's current price.
View analysts' price targets for Rexnord.

Rexnord saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,660,000 shares, an increase of 17.7% from the August 31st total of 1,410,000 shares. Based on an average trading volume of 735,800 shares, the days-to-cover ratio is currently 2.3 days.
View Rexnord's Short Interest.

Some companies that are related to Rexnord include Illinois Tool Works (ITW), Stanley Black & Decker (SWK), Parker-Hannifin (PH), Dover (DOV), Xylem (XYL), Ingersoll-Rand (IR), IDEX (IEX), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Gardner Denver (GDI), Donaldson (DCI), Lincoln Electric (LECO) and ITT (ITT).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Rexnord investors own include Ciena (CIEN), Intelsat (I), Bank of America (BAC), Fossil Group (FOSL), Advanced Micro Devices (AMD), Apollo Global Management (APO), AMC Entertainment (AMC), Bristol-Myers Squibb (BMY), TriMas (TRS) and Exxon Mobil (XOM).

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

Rexnord's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.79%), Macquarie Group Ltd. (3.48%), Goldman Sachs Group Inc. (2.96%), Jennison Associates LLC (1.77%), TimesSquare Capital Management LLC (1.64%) and Bank of New York Mellon Corp (1.46%). Company insiders that own Rexnord stock include Craig Wehr, David C Longren, George C Moore, George J Powers, John S Stroup, Kevin J Zaba, Mark W Peterson, Michael Troutman, Patricia M Whaley, Rodney Jackson, Sudhanshu Chhabra, Theodore D Crandall and Todd A Adams.
View institutional ownership trends for Rexnord.

RXN stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Advisory Research Inc., TimesSquare Capital Management LLC, Fort Washington Investment Advisors Inc. OH, Alyeska Investment Group L.P., Glenmede Trust Co. NA, Jennison Associates LLC, and Nuveen Asset Management LLC. Company insiders that have sold Rexnord company stock in the last year include Craig Wehr, George C Moore, George J Powers, John S Stroup, Kevin J Zaba, Mark W Peterson, Michael Troutman, Patricia M Whaley, and Todd A Adams.
View insider buying and selling activity for Rexnord.

RXN stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Principal Financial Group Inc., Principal Financial Group Inc., Macquarie Group Ltd., Phocas Financial Corp., Lodge Hill Capital LLC, Mutual of America Capital Management LLC, and Cubist Systematic Strategies LLC. Company insiders that have bought Rexnord stock in the last two years include David C Longren, and Theodore D Crandall.
View insider buying and selling activity for Rexnord.

Shares of RXN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of RXN stock can currently be purchased for approximately $29.23.

Rexnord has a market capitalization of $3.51 billion and generates $2.07 billion in revenue each year. The industrial products company earns $180.10 million in net income (profit) each year or $2.01 on an earnings per share basis. Rexnord employs 6,800 workers across the globe.

The official website for Rexnord is www.rexnordcorporation.com.

Rexnord's mailing address is 511 WEST FRESHWATER WAY, MILWAUKEE WI, 53204. The industrial products company can be reached via phone at 414-643-3739 or via email at [email protected]