Regal Rexnord (NYSE:RRX) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Shares of Regal Rexnord Corporation (NYSE:RRX – Get Free Report) passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $157.83 and traded as low as $153.31. Regal Rexnord shares last traded at $157.17, with a volume of 1,293,514 shares.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Regal Rexnord in a report on Monday, July 20th. They issued a “buy” rating and a $286.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Regal Rexnord in a report on Thursday, October 15th. JPMorgan Chase & Co. reduced their target price on shares of Regal Rexnord from $240.00 to $196.00 and set an “overweight” rating on the stock in a research report on Friday, October 9th. The Goldman Sachs Group set a $216.00 target price on shares of Regal Rexnord in a research report on Wednesday, September 30th. Finally, Wolfe Research set a $250.00 price target on shares of Regal Rexnord in a research note on Thursday, July 9th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $230.50.

Read Our Latest Stock Analysis on RRX

Regal Rexnord Stock Performance

The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 2.28. The business has a 50-day moving average price of $157.83 and a 200 day moving average price of $189.26. The stock has a market capitalization of $10.47 billion, a P/E ratio of 32.41, a PEG ratio of 1.30 and a beta of 1.09.

Regal Rexnord (NYSE:RRX – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.41. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the business posted $2.48 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. As a group, sell-side analysts forecast that Regal Rexnord Corporation will post 10.64 EPS for the current fiscal year.

Regal Rexnord Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 14th. Shareholders of record on Thursday, December 31st will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, December 31st. Regal Rexnord’s payout ratio is 28.87%.

Hedge Funds Weigh In On Regal Rexnord

Institutional investors and hedge funds have recently modified their holdings of the stock. Clearstead Trust LLC purchased a new position in shares of Regal Rexnord in the 2nd quarter worth about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Regal Rexnord during the 2nd quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Regal Rexnord during the 2nd quarter valued at about $43,000. FNY Investment Advisers LLC purchased a new stake in Regal Rexnord during the 2nd quarter valued at about $43,000. Finally, Keating Financial Advisory Services Inc. bought a new stake in Regal Rexnord during the 2nd quarter valued at about $46,000. 99.72% of the stock is currently owned by institutional investors.

Regal Rexnord Company Profile

(Get Free Report)

Regal Rexnord Corporation is an industrial manufacturing company that develops and produces electric motors, power transmission components, motion-control systems and other equipment used in industrial and commercial applications. Its products include motors, gearboxes, bearings, couplings, belts, chains, drives, clutches, brakes and related controls, as well as air-moving and power-management solutions.

The company serves customers across industries such as automation, material handling, food and beverage, renewable energy, heating and ventilation, agriculture, and general industrial production.

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