NYSE:RXNRexnord Stock Price, Forecast & News

$31.92

+0.12 (+0.38 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$31.79

Now: $31.92▼

$33.59

50-Day Range

$23.56

MA: $27.17▼

$31.55

52-Week Range

$18.87

Now: $31.92▼

$35.64

Volume1.07 million shs

Average Volume829,451 shs

Market Capitalization$3.82 billion

P/E Ratio21.86

Dividend Yield1.01%

Beta1.6

Rexnord Corp. engages in the manufacture of engineered power transmission, aerospace, and other precision motion technology products. It operates through the Process and Motion Control, and Water Management segments. The Process and Motion Control segment designs, manufactures and markets engineered mechanical components such as gears, couplings, industrial, aerospace bearings, and seals which are used within complex systems. The Water Management segment designs, procures, manufactures and markets products for water quality, safety, flow control enhancements, and conservation. The company was founded by Christopher W. Levalley, F. W. Sivyer and W. A. Draves in 1891 and is headquartered in Milwaukee, WI.

Beat the Market (BTM) Rank^™

2.2 Analyst's Opinion

Consensus Rating
Rexnord has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $31.67, Rexnord has a potential downside of 0.8% from its current price of $31.92.
Amount of Analyst Coverage
Rexnord has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.7 Community Rank

Outperform Votes
Rexnord has received 393 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Rexnord has received 344 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Rexnord has received 53.32% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Rexnord and other stocks. Vote “Outperform” if you believe RXN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe RXN will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Rexnord is a leading dividend payer. It pays a dividend yield of 1.01%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Rexnord does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Rexnord is 15.92 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Rexnord will have a dividend payout ratio of 16.93 % next year. This indicates that Rexnord will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Rexnord insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,912,995.00 in company stock.
Percentage Held by Insiders
Only 5.00% of the stock of Rexnord is held by insiders.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Rexnord are expected to grow by 26.85% in the coming year, from $1.49 to $1.89 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Rexnord is 21.86, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.59.
Price to Earnings Ratio vs. Sector
The P/E ratio of Rexnord is 21.86, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.12.
Price to Earnings Growth Ratio
Rexnord has a PEG Ratio of 3.57. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Rexnord has a P/B Ratio of 2.96. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.02 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry General industrial machinery & equipment

Sub-IndustryIndustrial Machinery

SectorIndustrial Products

Current SymbolNYSE:RXN

Previous Symbol

CUSIP76169B10

CIK1439288

Webwww.rexnordcorporation.com

Phone414-643-3739

Debt

Debt-to-Equity Ratio1.06

Current Ratio2.78

Quick Ratio2.08

Price-To-Earnings

Trailing P/E Ratio21.86

Forward P/E Ratio21.42

P/E Growth3.57

Sales & Book Value

Annual Sales$2.07 billion

Price / Sales1.85

Cash Flow$2.79 per share

Price / Cash Flow11.44

Book Value$10.78 per share

Price / Book2.96

Profitability

EPS (Most Recent Fiscal Year)$2.01

Net Income$180.10 million

Net Margins8.71%

Return on Equity18.93%

Return on Assets7.40%

Miscellaneous

Employees6,800

Outstanding Shares119,720,000

Market Cap$3.82 billion

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Rexnord (NYSE:RXN) Frequently Asked Questions

How has Rexnord's stock been impacted by COVID-19 (Coronavirus)?

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 19.3% and is now trading at $31.92. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Rexnord?

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.

When is Rexnord's next earnings date?

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

How were Rexnord's earnings last quarter?

Rexnord Corp (NYSE:RXN) released its quarterly earnings results on Tuesday, May, 12th. The industrial products company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.51 by $0.04. The industrial products company earned $547 million during the quarter, compared to the consensus estimate of $546.68 million. Rexnord had a net margin of 8.71% and a return on equity of 18.93%. The company's quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. View Rexnord's earnings history.

How often does Rexnord pay dividends? What is the dividend yield for Rexnord?

Rexnord announced a quarterly dividend on Tuesday, May 5th. Investors 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 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Tuesday, May 19th. View Rexnord's dividend history.

What guidance has Rexnord issued on next quarter's earnings?

Rexnord updated its first quarter 2021 After-Hours earnings guidance on Tuesday, May, 12th. The company provided 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.

What price target have analysts set for RXN?

7 equities research analysts have issued 1 year target prices for Rexnord's stock. Their forecasts range from $24.00 to $42.00. On average, they expect Rexnord's stock price to reach $31.67 in the next twelve months. This suggests that the stock has a possible downside of 0.8%. View analysts' price targets for Rexnord.

Has Rexnord been receiving favorable news coverage?

News coverage about RXN stock has been trending positive recently, InfoTrie reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Rexnord earned a coverage optimism score of 3.0 on InfoTrie's scale. They also assigned news coverage about the industrial products company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next few days. View the latest news aboutRexnord.

Who are some of Rexnord's key competitors?

Some companies that are related to Rexnord include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), Ingersoll-Rand (IR), Xylem (XYL), IDEX (IEX), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Donaldson (DCI), Gardner Denver (GDI), ITT (ITT) and Lincoln Electric (LECO). View all competitors.

What other stocks do shareholders of Rexnord own?

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).

Who are Rexnord's key executives?

Rexnord's management team includes the following people:

Todd Alan Adams, President, Chief Executive Officer & Director
Mark W. Peterson, CFO, Principal Accounting Officer & Senior VP
Michael D Troutman, Chief Information Officer
Patricia Mengler Whaley, Secretary, Vice President & General Counsel
Rodney Jackson, Senior VP-Business & Corporate Development

What is Rexnord's stock symbol?

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

Who are Rexnord's major shareholders?

Rexnord's stock is owned by many different retail and institutional investors. Top institutional shareholders 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.

Which institutional investors are selling Rexnord stock?

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.

Which institutional investors are buying Rexnord stock?

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.

How do I buy shares of 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.

What is Rexnord's stock price today?

One share of RXN stock can currently be purchased for approximately $31.92.

How big of a company is Rexnord?

Rexnord has a market capitalization of $3.82 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.

What is Rexnord's official website?

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

How can I contact Rexnord?

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]

This page was last updated on 6/6/2020 by MarketBeat.com Staff