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 19.8% and is now trading at $32.05. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rexnord in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Rexnord.

Rexnord is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Rexnord.

Rexnord Corp (NYSE:RXN) posted its quarterly earnings data on Tuesday, May, 12th. The industrial products company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. The industrial products company had revenue of $547 million for the quarter, compared to analysts' expectations of $546.68 million. Rexnord had a net margin of 8.71% and a return on equity of 18.93%. Rexnord's quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 earnings per share. View Rexnord's earnings history.

Rexnord announced a quarterly dividend on Tuesday, May 5th. Stockholders of record on Wednesday, May 20th will be paid a dividend of $0.08 per share on Monday, June 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Tuesday, May 19th. View Rexnord's dividend history.

Rexnord issued an update on its first quarter 2021 After-Hours earnings guidance on Tuesday, May, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $391.391-416.806 million, compared to the consensus revenue estimate of $420.86 million.

7 equities research analysts have issued 1 year price targets for Rexnord's shares. Their forecasts range from $24.00 to $42.00. On average, they anticipate Rexnord's stock price to reach $31.67 in the next year. This suggests that the stock has a possible downside of 1.2%. View analysts' price targets for Rexnord.

Media stories about RXN stock have been trending extremely positive recently, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Rexnord earned a news sentiment score of 4.3 on InfoTrie's scale. They also assigned news headlines about the industrial products company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutRexnord.

Some companies that are related to Rexnord include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), 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). View all competitors.

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 a number of institutional and retail investors. Top institutional investors include Janus Henderson Group PLC (12.90%), BlackRock Inc. (6.64%), Wellington Management Group LLP (5.91%), Impax Asset Management Group plc (4.02%), Capital World Investors (4.03%) and Franklin Resources Inc. (2.76%). 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 Wells Fargo & Company MN, Two Sigma Investments LP, Jennison Associates LLC, Morgan Stanley, Federated Hermes Inc., Rice Hall James & Associates LLC, Rice Hall James & Associates LLC, and Janus Henderson Group PLC. 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 purchased by a variety of institutional investors in the last quarter, including Advisory Research Inc., Assenagon Asset Management S.A., Lodge Hill Capital LLC, Nuveen Asset Management LLC, Impax Asset Management Group plc, Comerica Bank, Castleark Management LLC, and Natixis Advisors L.P.. 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 $32.05.

Rexnord has a market capitalization of $3.84 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]