NYSE:RXNRexnord Stock Price, Forecast & 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 9.8% and is now trading at $29.38.
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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.
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Rexnord Corp (NYSE:RXN) posted its quarterly earnings data on Tuesday, July, 28th. The industrial products company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.09. The industrial products company earned $449.10 million during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $0.48 EPS.
View Rexnord's earnings history.

Rexnord announced a quarterly dividend on Friday, July 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, August 19th.
View Rexnord's dividend history.

Rexnord updated its second quarter 2021 After-Hours earnings guidance on Tuesday, July, 28th. The company provided 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 brokerages have issued 1 year target prices for Rexnord's shares. Their forecasts range from $28.00 to $42.00. On average, they expect Rexnord's share price to reach $34.67 in the next year. This suggests a possible upside of 18.0% from the stock's current price.
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Media coverage about RXN stock has trended somewhat negative this week, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Rexnord earned a news sentiment score of -1.7 on InfoTrie's scale. They also assigned media stories about the industrial products company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future.
View the latest news about Rexnord.

Some companies that are related to Rexnord include Illinois Tool Works (ITW), Stanley Black & Decker (SWK), Parker-Hannifin (PH), Dover (DOV), Ingersoll-Rand (IR), Xylem (XYL), 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 Intelsat (I), Bank of America (BAC), Fossil Group (FOSL), AMC Entertainment (AMC), Ciena (CIEN), Bristol-Myers Squibb (BMY), TriMas (TRS), Walgreens Boots Alliance (WBA), Exxon Mobil (XOM) and Zynga (ZNGA).

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

Rexnord's stock is owned by many different retail and institutional investors. Top institutional investors include Robecosam AG (1.00%), Wedge Capital Management L L P NC (0.77%), Crescent Grove Advisors LLC (0.50%), First Trust Advisors LP (0.45%), Comerica Bank (0.36%) and Fort Washington Investment Advisors Inc. OH (0.27%). Company insiders that own Rexnord stock include Craig Wehr, David C Longren, 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 Fort Washington Investment Advisors Inc. OH, First Trust Advisors LP, Comerica Bank, Skyline Asset Management LP, SG Americas Securities LLC, UBS Group AG, Pitcairn Co., and Strs Ohio. Company insiders that have sold Rexnord company stock in the last year include Craig Wehr, 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 bought by a variety of institutional investors in the last quarter, including Crescent Grove Advisors LLC, Robecosam AG, Wedge Capital Management L L P NC, ProShare Advisors LLC, Vident Investment Advisory LLC, Vident Investment Advisory LLC, Sciencast Management LP, and Paradigm Capital Management Inc. NY. 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 $29.38.

Rexnord has a market capitalization of $3.53 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]