Regal Rexnord Corporation (NYSE:RRX) Given Average Recommendation of “Moderate Buy” by Brokerages

Regal Rexnord Corporation (NYSE:RRX) has earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research 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 brokers that have covered the stock in the last year is $244.9167.

Several research analysts recently weighed in on the company. Citigroup lifted their price target on Regal Rexnord from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Wall Street Zen cut shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. DA Davidson initiated coverage on shares of Regal Rexnord in a report on Tuesday, June 16th. They set a “buy” rating and a $260.00 target price for the company. UBS Group set a $260.00 target price on shares of Regal Rexnord in a research note on Monday, June 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Regal Rexnord in a report on Friday, July 17th.

Institutional Investors Weigh In On Regal Rexnord

A number of institutional investors have recently modified their holdings of the business. Vontobel Holding Ltd. increased its stake in Regal Rexnord by 5.2% during the 4th quarter. Vontobel Holding Ltd. now owns 276,266 shares of the company’s stock worth $38,766,000 after buying an additional 13,564 shares in the last quarter. Easterly Investment Partners LLC lifted its position in shares of Regal Rexnord by 719.4% in the fourth quarter. Easterly Investment Partners LLC now owns 75,354 shares of the company’s stock valued at $10,574,000 after acquiring an additional 66,158 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Regal Rexnord by 4.4% in the first 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 during the last quarter. BlackRock Inc. acquired a new stake in shares of Regal Rexnord in the second quarter worth approximately $1,477,356,000. Finally, Medina Value Partners LLC purchased a new stake in shares of Regal Rexnord during the second quarter worth approximately $12,349,675. 99.72% of the stock is currently owned by institutional investors and hedge funds.

Regal Rexnord Stock Performance

NYSE RRX opened at $148.04 on Friday. The stock has a 50-day simple moving average of $180.93 and a two-hundred day simple moving average of $196.74. The firm has a market capitalization of $9.86 billion, a P/E ratio of 30.52, a PEG ratio of 1.11 and a beta of 1.06. Regal Rexnord has a fifty-two week low of $127.96 and a fifty-two week high of $247.80. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 2.28.

Regal Rexnord (NYSE:RRX) last issued its earnings results on Wednesday, August 5th. The company reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.41. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.58 billion. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%.The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.48 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, equities analysts forecast that Regal Rexnord will post 10.68 earnings per share for the current year.

Regal Rexnord Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be given a $0.35 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. Regal Rexnord’s dividend payout ratio is 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.