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
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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