NYSE:RXN - Rexnord Stock Price, Forecast & News

Rexnord's stock was trading at $26.75 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, RXN stock has decreased by 18.6% and is now trading at $21.77. View which stocks have been mosted impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rexnord in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Rexnord.

Rexnord is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for Rexnord.

Rexnord Corp (NYSE:RXN) posted its quarterly earnings data on Tuesday, January, 28th. The industrial products company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.06. The industrial products company earned $491.70 million during the quarter, compared to analyst estimates of $487.32 million. Rexnord had a return on equity of 18.82% and a net margin of 9.66%. Rexnord's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 earnings per share. View Rexnord's earnings history.

Rexnord announced a quarterly dividend on Monday, January 27th. Investors of record on Friday, February 21st will be given a dividend of $0.08 per share on Friday, March 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, February 20th. View Rexnord's dividend history.

5 brokers have issued 12-month target prices for Rexnord's stock. Their forecasts range from $29.00 to $42.00. On average, they expect Rexnord's stock price to reach $35.00 in the next year. This suggests a possible upside of 60.8% from the stock's current price. View analysts' price targets for Rexnord.

Press coverage about RXN stock has been trending somewhat positive this week, InfoTrie reports. The research firm scores the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Rexnord earned a media sentiment score of 1.2 on InfoTrie's scale. They also gave media headlines about the industrial products company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock'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), Xylem (XYL), Dover (DOV), IDEX (IEX), Graco (GGG), Nordson (NDSN), Snap-on (SNA), Pentair (PNR), Donaldson (DCI), Gardner Denver (GDI), Ingersoll-Rand (IR), Lincoln Electric (LECO) and Woodward, Inc.Common Stock (WWD).

Based on aggregate information from My MarketBeat watchlists, some companies that other Rexnord investors own include Intelsat (I), Fossil Group (FOSL), Bank of America (BAC), AMC Entertainment (AMC), Ciena (CIEN), TriMas (TRS), Walgreens Boots Alliance (WBA), Zynga (ZNGA), Bristol-Myers Squibb (BMY) and Exxon Mobil (XOM).

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

Rexnord's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Janus Henderson Group PLC (13.02%), FMR LLC (3.21%), Goldman Sachs Group Inc. (3.07%), Franklin Resources Inc. (2.73%), Franklin Resources Inc. (2.73%) and Macquarie Group Ltd. (2.62%). 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 Bank of New York Mellon Corp, Rothschild & Co. Asset Management US Inc., Victory Capital Management Inc., Victory Capital Management Inc., PNC Financial Services Group Inc., Jennison Associates LLC, Marshall Wace LLP, and Bank of Montreal Can. 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, Rodney Jackson, Sudhanshu Chhabra, 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 Norges Bank, Janus Henderson Group PLC, Franklin Resources Inc., Franklin Resources Inc., FIL Ltd, Calamos Advisors LLC, Advisory Research Inc., and Alyeska Investment Group 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 $21.77.

Rexnord has a market capitalization of $2.65 billion and generates $2.05 billion in revenue each year. The industrial products company earns $34.30 million in net income (profit) each year or $1.85 on an earnings per share basis. Rexnord employs 6,700 workers across the globe. View additional information about Rexnord.

The official website for Rexnord is http://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]