About Rexnord Corporation (NYSE:RXN)
Rexnord Corporation is a multi-platform industrial company. The Company operates through two segments: Process & Motion Control platform, and Water Management platform. The Process & Motion Control platform designs, manufactures, markets and services a range of engineered mechanical components used within systems. The Process & Motion Control portfolio includes motion control products, shaft management products, aerospace components and related value-added services. Its Process & Motion Control brands include Rexnord, Rex, Euroflex, Falk, FlatTop, Link-Belt, Thomas and Tollok. The Water Management platform designs, procures and markets products that provide and enhance water quality, safety, flow control and conservation. The Water Management product portfolio includes professional grade water control and safety, water distribution and drainage, finish plumbing and site works products. Its products are marketed and sold under various brand names, including Zurn, Wilkins and VAG.
Industry, Sector and Symbol:
- Sector: Industrial Products
- Industry: Industrial Machinery & Equipment
- Sub-Industry: Industrial Machinery
- Symbol: NYSE:RXN
- CUSIP: 76169B10
- Web: www.rexnord.com
- Market Cap: $2.68598 billion
- Outstanding Shares: 103,746,000
- 50 Day Moving Avg: $25.18
- 200 Day Moving Avg: $23.89
- 52 Week Range: $15.80 - $26.24
Sales & Book Value:
- Trailing P/E Ratio: 39.23
- Foreward P/E Ratio: 17.03
- P/E Growth: 2.27
- Annual Revenue: $1.93 billion
- Price / Sales: 1.39
- Book Value: $10.76 per share
- Price / Book: 2.41
- EBITDA: $327.9 million
- Net Margins: 4.22%
- Return on Equity: 14.27%
- Return on Assets: 3.95%
- Debt-to-Equity Ratio: 1.44%
- Current Ratio: 3.02%
- Quick Ratio: 2.17%
- Average Volume: 803,314 shs.
- Beta: 1.63
- Short Ratio: 5.94
Frequently Asked Questions for Rexnord Corporation (NYSE:RXN)
What is Rexnord Corporation's stock symbol?
Rexnord Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "RXN."
How were Rexnord Corporation's earnings last quarter?
Rexnord Corporation (NYSE:RXN) posted its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.26 by $0.01. The firm earned $487.70 million during the quarter, compared to analyst estimates of $484.20 million. Rexnord Corporation had a net margin of 4.22% and a return on equity of 14.27%. The company's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 earnings per share. View Rexnord Corporation's Earnings History.
When will Rexnord Corporation make its next earnings announcement?
Where is Rexnord Corporation's stock going? Where will Rexnord Corporation's stock price be in 2017?
5 equities research analysts have issued 12-month target prices for Rexnord Corporation's stock. Their predictions range from $24.00 to $27.00. On average, they anticipate Rexnord Corporation's share price to reach $26.00 in the next year. View Analyst Ratings for Rexnord Corporation.
Who are some of Rexnord Corporation's key competitors?
Some companies that are related to Rexnord Corporation include Gardner Denver Holdings (GDI), Crane Company (CR), Woodward (WWD), Weir Group PLC (WEIR), Spirax-Sarco Engineering plc (SPX), Timken Company (The) (TKR), Barnes Group (B), IMI plc (IMI), Manitowoc Food Service (WBT), KLX (KLXI), Hillenbrand (HI), Proto Labs (PRLB), Mueller Water Products (MWA), SPX FLOW (FLOW), Actuant Corporation (ATU), Kaman Corporation (KAMN), Comfort Systems USA (FIX) and Milacron Holdings Corp. (MCRN).
Who are Rexnord Corporation's key executives?
Rexnord Corporation's management team includes the folowing people:
- Todd Alan Adams, President, Chief Executive Officer, Director
- Mark W. Peterson, Chief Financial Officer, Senior Vice President
- Sudhanshu Chhabra, Corporate Executive
- Matthew Stillings, Group Executive, President - Water Management Platform
- Craig G. Wehr, Group Executive, President - Zurn
- Kevin J. Zaba, Group Executive, President - Process & Motion Control Platform
- George J. Powers, Chief Human Resource Officer
- Rodney L. Jackson, Senior Vice President-Business and Corporate Development
- Patricia M. Whaley, Vice President, General Counsel, Secretary
- Paul W. Jones, Independent Non-Executive Chairman of the Board
Who owns Rexnord Corporation stock?
Rexnord Corporation's stock is owned by many different of retail and institutional investors. Top institutional shareholders include
EDGEPOINT INVESTMENT GROUP INC.
(5.10%), Douglas Lane & Associates LLC (0.38%) and Quantitative Systematic Strategies LLC (0.01%). Company insiders that own Rexnord Corporation stock include Craig Wehr, David C Longren, John S Stroup, Michael Troutman, Paul W Jones and Todd A Adams. View Institutional Ownership Trends for Rexnord Corporation.
Who sold Rexnord Corporation stock? Who is selling Rexnord Corporation stock?
Rexnord Corporation's stock was sold by a variety of institutional investors in the last quarter, including Douglas Lane & Associates LLC. Company insiders that have sold Rexnord Corporation stock in the last year include Michael Troutman and Todd A Adams. View Insider Buying and Selling for Rexnord Corporation.
Who bought Rexnord Corporation stock? Who is buying Rexnord Corporation stock?
Rexnord Corporation's stock was bought by a variety of institutional investors in the last quarter, including Quantitative Systematic Strategies LLC. Company insiders that have bought Rexnord Corporation stock in the last two years include Craig Wehr, David C Longren and Paul W Jones. View Insider Buying and Selling for Rexnord Corporation.
How do I buy Rexnord Corporation stock?
Shares of Rexnord Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Rexnord Corporation's stock price today?
MarketBeat Community Rating for Rexnord Corporation (NYSE RXN)MarketBeat's community ratings are surveys of what our community members think about Rexnord Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Rexnord Corporation stock can currently be purchased for approximately $25.89.
Consensus Ratings for Rexnord Corporation (NYSE:RXN) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 4 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.80)|
|Consensus Price Target: ||$26.00 (0.42% upside)|Consensus Price Target History for Rexnord Corporation (NYSE:RXN)
Analysts' Ratings History for Rexnord Corporation (NYSE:RXN)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/28/2017||Oppenheimer Holdings, Inc.||Reiterated Rating||Hold||Low|
|8/24/2017||Robert W. Baird||Set Price Target||Buy||$27.00||Low|
|7/21/2017||Janney Montgomery Scott||Initiated Coverage||Fair Value -> Buy||$23.87 -> $27.00||Low|
|11/29/2016||KeyCorp||Boost Price Target||Overweight||$22.00 -> $24.00||N/A|
|10/24/2016||Barclays PLC||Upgrade||Equal Weight -> Overweight||$20.00 -> $26.00||N/A|
|7/9/2016||Credit Suisse Group||Reiterated Rating||Buy||N/A|
|5/16/2016||Sterne Agee CRT||Reiterated Rating||Buy||N/A|
|2/4/2016||Wedbush||Reiterated Rating||Hold||$25.00 -> $20.00||N/A|
|11/3/2015||SunTrust Banks, Inc.||Initiated Coverage||Buy||$22.00||N/A|
Earnings History for Rexnord Corporation (NYSE:RXN)Earnings History by Quarter for Rexnord Corporation (NYSE RXN)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||Q1 2018||$0.26||$0.27||$484.20 million||$487.70 million||View||Listen|
|5/17/2017||Q4 2017||$0.33||$0.35||$493.65 million||$503.60 million||View||N/A|
|2/1/2017||Q317||$0.24||$0.25||$456.63 million||$452.00 million||View||Listen|
|11/2/2016||Q217||$0.38||$0.38||$495.47 million||$491.00 million||View||Listen|
|8/1/2016||Q117||$0.30||$0.35||$459.57 million||$472.00 million||View||Listen|
|5/18/2016||Q416||$0.36||$0.37||$498.43 million||$492.60 million||View||Listen|
|2/2/2016||Q316||$0.36||$0.38||$462.23 million||$460.00 million||View||Listen|
|11/3/2015||Q216||$0.32||$0.34||$486.25 million||$485.90 million||View||Listen|
|8/4/2015||Q116||$0.28||$0.30||$473.17 million||$485.00 million||View||Listen|
|5/20/2015||Q415||$0.54||$0.54||$547.87 million||$519.00 million||View||Listen|
|2/4/2015||Q315||$0.31||$0.32||$502.97 million||$507.10 million||View||Listen|
|11/6/2014||Q215||$0.40||$0.40||$548.20 million||$538.00 million||View||Listen|
|8/6/2014||Q115||$0.25||$0.26||$513.40 million||$509.80 million||View||Listen|
|5/21/2014||Q4||$0.47||$0.39||$582.77 million||$569.70 million||View||Listen|
|10/24/2013||Q114||$0.26||$0.30||$513.67 million||$515.00 million||View||Listen|
|5/21/2013||Q4 2013||$0.31||$0.24||$542.94 million||$540.00 million||View||Listen|
|11/7/2012||Q213||$0.20||$0.24||$483.42 million||$500.00 million||View||N/A|
Earnings Estimates for Rexnord Corporation (NYSE:RXN)
2017 EPS Consensus Estimate: $1.33
2018 EPS Consensus Estimate: $1.30
2019 EPS Consensus Estimate: $1.59
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Rexnord Corporation (NYSE:RXN)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Rexnord Corporation (NYSE:RXN)
Insider Ownership Percentage: 3.50%Insider Trades by Quarter for Rexnord Corporation (NYSE:RXN)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/8/2017||Michael Troutman||Insider||Sell||22,914||$24.15||$553,373.10|| |
|9/6/2017||Michael Troutman||Insider||Sell||128||$23.73||$3,037.44|| |
|5/25/2017||Craig Wehr||Insider||Buy||750||$23.14||$17,355.00|| |
|4/12/2017||Todd A Adams||CEO||Sell||33,000||$22.89||$755,370.00|| |
|2/15/2017||Todd A Adams||CEO||Sell||32,925||$22.35||$735,873.75|| |
|8/11/2016||David C Longren||Director||Buy||2,000||$21.39||$42,780.00|| |
|6/8/2016||John S Stroup||Director||Sell||18,732||$21.39||$400,677.48|| |
|5/2/2016||Todd A Adams||CEO||Sell||25,000||$21.81||$545,250.00|| |
|4/1/2016||Todd A Adams||CEO||Sell||15,800||$19.96||$315,368.00|| |
|3/10/2016||Todd A Adams||CEO||Sell||13,012||$18.73||$243,714.76|| |
|2/4/2016||Paul W Jones||Director||Buy||20,000||$17.15||$343,000.00|| |
|9/4/2015||Mark W Peterson||CFO||Buy||2,540||$19.64||$49,885.60|| |
|9/3/2015||Todd A Adams||CEO||Buy||1,200||$19.72||$23,664.00|| |
|8/19/2015||Rodney Jackson||SVP||Buy||3,125||$20.84||$65,125.00|| |
|8/14/2015||Paul W Jones||Director||Buy||10,000||$21.30||$213,000.00|| |
|5/22/2015||John S Stroup||Director||Buy||10,000||$25.44||$254,400.00|| |
|2/10/2015||Paul W Jones||Director||Buy||20,000||$27.00||$540,000.00|| |
|8/1/2014||Praveen R Jeyarajah||EVP||Sell||27,500||$26.70||$734,250.00|| |
|7/1/2014||Praveen R Jeyarajah||EVP||Sell||27,500||$28.70||$789,250.00|| |
|6/4/2014||John M Stropki||Director||Buy||1,935||$26.66||$51,587.10|| |
|6/2/2014||Praveen R Jeyarajah||EVP||Sell||27,500||$25.69||$706,475.00|| |
|5/1/2014||Praveen Jeyarajah||EVP||Sell||27,500||$26.46||$727,650.00|| |
|4/1/2014||Praveen Jeyarajah||EVP||Sell||27,500||$29.19||$802,725.00|| |
|2/20/2014||John Stropki||Director||Buy||1,759||$28.55||$50,219.45|| |
|2/10/2014||John Stropki||Director||Buy||1,810||$27.55||$49,865.50|| |
|2/5/2014||George Sherman||Chairman||Sell||1,070,000||$24.81||$26,546,700.00|| |
|2/5/2014||John Stroup||Director||Buy||9,600||$26.08||$250,368.00|| |
|2/3/2014||Praveen Jeyarajah||EVP||Sell||27,500||$26.01||$715,275.00|| |
|1/2/2014||Praveen Jeyarajah||EVP||Sell||27,500||$26.90||$739,750.00|| |
|12/2/2013||Praveen Jeyarajah||EVP||Sell||27,500||$23.80||$654,500.00|| |
|11/1/2013||Praveen R Jeyarajah||EVP||Sell||27,500||$23.18||$637,450.00|| |
|9/23/2013||Todd Adams||CEO||Sell||40,000||$19.45||$778,000.00|| |
|9/20/2013||Todd Adams||CEO||Sell||80,000||$20.21||$1,616,800.00|| |
|9/19/2013||Mark Peterson||CFO||Sell||35,983||$20.03||$720,739.49|| |
|9/4/2013||Praveen Jeyarajah||EVP||Sell||27,500||$19.09||$524,975.00|| |
|8/14/2013||Mark Peterson||CFO||Sell||2,804||$20.00||$56,080.00|| |
|8/1/2013||Praveen R Jeyarajah||EVP||Sell||27,500||$19.01||$522,775.00|| |
|7/1/2013||Praveen R Jeyarajah||EVP||Sell||27,500||$17.55||$482,625.00|| |
|6/26/2013||Apollo Management Holdings Gp,||Major Shareholder||Sell||7,475,000||$15.40||$115,115,000.00|| |
|6/3/2013||Praveen R Jeyarajah||EVP||Sell||27,500||$19.17||$527,175.00|| |
|5/31/2013||Mark W Peterson||CFO||Sell||4,800||$20.11||$96,528.00|| |
|5/28/2013||Praveen R Jeyarajah||EVP||Sell||27,500||$19.41||$533,775.00|| |
Headline Trends for Rexnord Corporation (NYSE:RXN)
Latest Headlines for Rexnord Corporation (NYSE:RXN)
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Rexnord Corporation (RXN) Chart for Sunday, October, 22, 2017