Regal Rexnord Corporation (NYSE:RRX) Receives $231.00 Average Price Target from Analysts

Shares of Regal Rexnord Corporation (NYSE:RRXGet Free Report) have been given a consensus rating of “Moderate Buy” by the nine analysts that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $231.00.

A number of research firms have recently commented on RRX. Oppenheimer lifted their price objective on Regal Rexnord from $180.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Robert W. Baird set a $253.00 price objective on Regal Rexnord in a research note on Friday, February 6th. Wall Street Zen downgraded Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Regal Rexnord in a research report on Tuesday, April 21st. Finally, Citigroup lifted their target price on Regal Rexnord from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, April 13th.

View Our Latest Stock Report on Regal Rexnord

Regal Rexnord Price Performance

NYSE RRX opened at $200.92 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.17 and a quick ratio of 1.08. The stock’s 50-day moving average is $198.79 and its two-hundred day moving average is $176.70. The firm has a market cap of $13.38 billion, a P/E ratio of 46.73, a price-to-earnings-growth ratio of 1.85 and a beta of 1.15. Regal Rexnord has a fifty-two week low of $127.96 and a fifty-two week high of $236.35.

Regal Rexnord (NYSE:RRXGet Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.06. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.43 billion. Regal Rexnord had a return on equity of 9.49% and a net margin of 4.78%.The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.15 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. On average, analysts anticipate that Regal Rexnord will post 10.63 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.40 dividend on an annualized basis and a yield of 0.7%. Regal Rexnord’s dividend payout ratio (DPR) is 32.56%.

Insider Buying and Selling

In related news, Director Robin A. Walker-Lee sold 1,297 shares of Regal Rexnord stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $213.85, for a total transaction of $277,363.45. Following the sale, the director directly owned 5,503 shares of the company’s stock, valued at $1,176,816.55. This trade represents a 19.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert Rehard sold 968 shares of Regal Rexnord stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $223.00, for a total value of $215,864.00. Following the sale, the chief financial officer directly owned 34,447 shares in the company, valued at approximately $7,681,681. This trade represents a 2.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,063 shares of company stock valued at $5,545,547 over the last three months. 0.63% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in shares of Regal Rexnord by 4.4% in the 1st quarter. Bank of America Corp DE now owns 397,219 shares of the company’s stock worth $74,383,000 after acquiring an additional 16,615 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Regal Rexnord by 362.4% in the 1st quarter. Janus Henderson Group PLC now owns 127,677 shares of the company’s stock worth $23,911,000 after acquiring an additional 100,067 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Regal Rexnord by 60.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 242 shares of the company’s stock worth $45,000 after acquiring an additional 91 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Regal Rexnord by 21.7% in the 1st quarter. California State Teachers Retirement System now owns 72,969 shares of the company’s stock worth $13,664,000 after acquiring an additional 13,026 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Regal Rexnord by 54.5% in the 1st quarter. Royal Bank of Canada now owns 72,038 shares of the company’s stock worth $13,489,000 after acquiring an additional 25,422 shares in the last quarter. 99.72% of the stock is owned by institutional investors and hedge funds.

About Regal Rexnord

(Get Free Report)

Regal Rexnord Corporation (NYSE: RRX) is a global industrial manufacturer specializing in electric motors, power generation equipment and automated motion control systems. The company designs, engineers and produces a broad portfolio of products that includes energy-efficient electric motors, variable frequency drives, gearboxes, couplings, bearings and power transmission components. These offerings support critical applications in industries such as heating, ventilation and air conditioning (HVAC), refrigeration, data centers, water treatment, food and beverage processing, mining, oil and gas, and material handling.

The company’s operations are organized into multiple business segments that address distinct customer needs.

Further Reading

Analyst Recommendations for Regal Rexnord (NYSE:RRX)

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