Rexnord Stock Forecast, Price & News

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 shares have increased by 9.5% and is now trading at $29.30.
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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 data on Tuesday, July, 28th. The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.27 by $0.09. The industrial products company had revenue of $449.10 million for the quarter, compared to analysts' expectations of $427.35 million. Rexnord had a return on equity of 17.52% and a net margin of 8.42%. The firm's quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share.
View Rexnord's earnings history.

Rexnord announced a quarterly dividend on Friday, July 24th. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.08 per share on Tuesday, September 8th. This represents a $0.32 dividend on an annualized basis and a 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 twelve-month 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 twelve months. This suggests a possible upside of 18.3% from the stock's current price.
View analysts' price targets for Rexnord.

Rexnord saw a decrease in short interest during the month of August. As of August 14th, there was short interest totaling 1,390,000 shares, a decrease of 18.7% from the July 30th total of 1,710,000 shares. Based on an average daily volume of 772,400 shares, the short-interest ratio is presently 1.8 days.
View Rexnord's Short Interest.

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).
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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 investors 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 bought 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 $29.30.

Rexnord has a market capitalization of $3.52 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]