Shares of Regal Rexnord Corporation (NYSE:RRX – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $244.9167.
A number of brokerages have recently commented on RRX. Wolfe Research set a $250.00 price target on Regal Rexnord in a research note on Thursday, July 9th. Oppenheimer reaffirmed an “outperform” rating on shares of Regal Rexnord in a report on Friday, July 10th. KeyCorp lowered their target price on Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Regal Rexnord in a research note on Friday, July 17th. Finally, Citigroup boosted their price target on Regal Rexnord from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th.
Hedge Funds Weigh In On Regal Rexnord
Regal Rexnord Trading Up 1.3%
Shares of Regal Rexnord stock opened at $152.64 on Friday. The firm has a market capitalization of $10.16 billion, a PE ratio of 31.47, a price-to-earnings-growth ratio of 1.12 and a beta of 1.06. The company has a current ratio of 2.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66. The firm’s 50 day moving average is $177.25 and its 200 day moving average is $195.37. Regal Rexnord has a 1 year low of $127.96 and a 1 year high of $247.80.
Regal Rexnord (NYSE:RRX – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.58 by $0.41. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the firm earned $2.48 EPS. The firm’s 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. Equities research analysts forecast that Regal Rexnord will post 10.68 earnings per share for the current fiscal year.
Regal Rexnord Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.40 annualized dividend and a yield of 0.9%. Regal Rexnord’s dividend payout ratio (DPR) is currently 28.87%.
Regal Rexnord Company Profile
Regal Rexnord Corporation (NYSE: RRX) is a global manufacturer of industrial powertrain, motion control, automation and air-management products. The company develops technologies that help customers operate equipment more efficiently, reliably and safely across a range of industrial and commercial applications.
Its product portfolio includes electric motors and generators, gearboxes and geared motors, bearings, couplings, clutches, brakes, conveyor components, belting, automation systems, power-transmission products, fans and blowers.
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