Rexnord Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rexnord in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Rexnord stock.
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Wall Street analysts have given Rexnord a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Rexnord wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Rexnord saw a increase in short interest in the month of August. As of August 13th, there was short interest totaling 1,950,000 shares, an increase of 17.5% from the July 29th total of 1,660,000 shares. Based on an average trading volume of 713,500 shares, the days-to-cover ratio is presently 2.7 days.
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Rexnord is scheduled to release its next quarterly earnings announcement on Tuesday, October 26th 2021.
View our earnings forecast for Rexnord.

Rexnord Co. (NYSE:RXN) posted its earnings results on Thursday, August, 5th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.08. The industrial products company earned $568.30 million during the quarter, compared to the consensus estimate of $543.91 million. Rexnord had a net margin of 9.90% and a trailing twelve-month return on equity of 15.79%. The business's revenue for the quarter was up 26.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.36 earnings per share.
View Rexnord's earnings history.

Rexnord's stock was trading at $26.75 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, RXN stock has increased by 135.1% and is now trading at $62.88.
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Rexnord announced a quarterly dividend on Friday, July 23rd. Stockholders of record on Friday, August 20th will be given a dividend of $0.09 per share on Tuesday, September 7th. This represents a $0.36 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, August 19th.
View Rexnord's dividend history.

Rexnord pays an annual dividend of $0.36 per share and currently has a dividend yield of 0.56%.
View Rexnord's dividend history.

6 equities research analysts have issued 12 month price objectives for Rexnord's shares. Their forecasts range from $59.00 to $74.00. On average, they anticipate Rexnord's stock price to reach $67.00 in the next year. This suggests a possible upside of 6.6% from the stock's current price.
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173 employees have rated Rexnord CEO Todd A. Adams on Glassdoor.com. Todd A. Adams has an approval rating of 41% among Rexnord's employees. This puts Todd A. Adams in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Rexnord include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Xylem (XYL), Dover (DOV), Ingersoll Rand (IR), IDEX (IEX), Nordson (NDSN), Graco (GGG), Pentair (PNR), Snap-on (SNA), The Middleby (MIDD), Lincoln Electric (LECO), ITT (ITT) and Donaldson (DCI).
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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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.86%), BlackRock Inc. (7.60%), Macquarie Group Ltd. (3.34%), Impax Asset Management Group plc (3.25%), Dimensional Fund Advisors LP (2.51%) and Invesco Ltd. (2.29%). Company insiders that own Rexnord stock include Chirag Dua, Craig Wehr, George C Moore, George J Powers, John S Stroup, Kevin J Zaba, Mark W Peterson, Michael Troutman, Patricia M Whaley, Qualified Master Fund L Abdiel, Rodney Jackson, Sudhanshu Chhabra 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 Balyasny Asset Management LLC, BlackRock Inc., Epoch Investment Partners Inc., Dimensional Fund Advisors LP, Goldman Sachs Group Inc., Glenmede Trust Co. NA, Bank of New York Mellon Corp, and Franklin Resources Inc.. Company insiders that have sold Rexnord company stock in the last year include Chirag Dua, Craig Wehr, George J Powers, John S Stroup, Kevin J Zaba, Mark W Peterson, Michael Troutman, Patricia M Whaley, Rodney Jackson, Sudhanshu Chhabra, and Todd A Adams.
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RXN stock was bought by a variety of institutional investors in the last quarter, including Amundi, Wells Fargo & Company MN, Ceredex Value Advisors LLC, TimesSquare Capital Management LLC, Massachusetts Financial Services Co. MA, Brookfield Asset Management Inc., Vanguard Group Inc., and Impax Asset Management Group plc.
View insider buying and selling activity for Rexnord or or view top insider-buying stocks.

Shares of RXN 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 RXN stock can currently be purchased for approximately $62.88.

Rexnord has a market capitalization of $7.62 billion and generates $2.07 billion in revenue each year.

Rexnord employs 6,800 workers across the globe.

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

Rexnord is headquartered at 511 WEST FRESHWATER WAY, MILWAUKEE WI, 53204.

Rexnord's mailing address is 511 WEST FRESHWATER WAY, MILWAUKEE WI, 53204. The industrial products company can be reached via phone at (414) 643-3000 or via email at [email protected]