Regal Rexnord (NYSE:RRX) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Regal Rexnord (NYSE:RRX) had its price objective cut by JPMorgan Chase & Co. from $240.00 to $196.00 in a report published on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also issued reports on RRX. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Regal Rexnord in a report on Monday, July 20th. They issued a “buy” rating and a $286.00 target price for the company. Oppenheimer lowered their price target on shares of Regal Rexnord from $245.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday. KeyCorp dropped their price target on shares of Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. DA Davidson began coverage on shares of Regal Rexnord in a research report on Tuesday, June 16th. They issued a “buy” rating and a $260.00 price target for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Regal Rexnord in a research note on Friday, July 17th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Regal Rexnord has an average rating of “Moderate Buy” and a consensus target price of $235.50.

Regal Rexnord Stock Up 0.1%

NYSE RRX opened at $165.24 on Friday. The stock’s 50-day moving average price is $164.42 and its 200-day moving average price is $192.51. The company has a quick ratio of 1.16, a current ratio of 2.28 and a debt-to-equity ratio of 0.66. Regal Rexnord has a 52 week low of $127.96 and a 52 week high of $247.80. The company has a market capitalization of $11.00 billion, a P/E ratio of 34.07, a price-to-earnings-growth ratio of 1.31 and a beta of 1.09.

Regal Rexnord (NYSE:RRX) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.41. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.48 EPS. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, equities research analysts predict that Regal Rexnord will post 10.65 earnings per share for the current year.

Regal Rexnord Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, September 30th. Regal Rexnord’s payout ratio is presently 28.87%.

Hedge Funds Weigh In On Regal Rexnord

A number of hedge funds have recently made changes to their positions in RRX. Parallel Advisors LLC grew its holdings in Regal Rexnord by 5.6% during the 1st quarter. Parallel Advisors LLC now owns 938 shares of the company’s stock valued at $176,000 after buying an additional 50 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of Regal Rexnord by 3.2% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,092 shares of the company’s stock valued at $392,000 after buying an additional 65 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Regal Rexnord by 13.7% during the third quarter. Versant Capital Management Inc now owns 540 shares of the company’s stock valued at $84,000 after buying an additional 65 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Regal Rexnord by 60.3% in the first quarter. EverSource Wealth Advisors LLC now owns 242 shares of the company’s stock worth $45,000 after buying an additional 91 shares in the last quarter. Finally, Oarsman Capital Inc. lifted its holdings in shares of Regal Rexnord by 7.4% in the second quarter. Oarsman Capital Inc. now owns 1,413 shares of the company’s stock worth $337,000 after buying an additional 97 shares in the last quarter. Institutional investors own 99.72% of the company’s stock.

About Regal Rexnord

Regal Rexnord Corporation is a global manufacturer of industrial power, motion control and automation products. The company supplies electric motors, generators, gearboxes, bearings, couplings, clutches, brakes and related power-transmission equipment used to move, control and manage energy in industrial and commercial applications.

Its product portfolio also includes automation and motion-control technologies, conveyor and material-handling systems, precision components, and solutions designed to improve the efficiency and reliability of machinery.