Regal Rexnord (NYSE:RRX - Free Report) had its price objective decreased by Barclays from $176.00 to $160.00 in a research report released on Monday morning, MarketBeat Ratings reports. Barclays currently has an overweight rating on the stock.
Several other research analysts have also issued reports on RRX. Citigroup dropped their target price on Regal Rexnord from $210.00 to $190.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. StockNews.com downgraded Regal Rexnord from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 16th. Oppenheimer decreased their target price on Regal Rexnord from $210.00 to $190.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Jefferies Financial Group began coverage on shares of Regal Rexnord in a research note on Thursday, December 12th. They set a "buy" rating and a $215.00 target price for the company. Finally, The Goldman Sachs Group raised their price target on shares of Regal Rexnord from $191.00 to $213.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $195.75.
Get Our Latest Stock Report on Regal Rexnord
Regal Rexnord Trading Up 0.3 %
NYSE:RRX traded up $0.30 during midday trading on Monday, hitting $118.81. 583,738 shares of the company traded hands, compared to its average volume of 472,042. The firm has a market capitalization of $7.87 billion, a P/E ratio of 40.27, a P/E/G ratio of 1.37 and a beta of 1.11. The firm's fifty day moving average is $145.17 and its 200-day moving average is $159.07. Regal Rexnord has a 12-month low of $113.73 and a 12-month high of $185.28. The company has a current ratio of 2.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87.
Regal Rexnord (NYSE:RRX - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.22). Regal Rexnord had a net margin of 3.25% and a return on equity of 9.57%. On average, sell-side analysts predict that Regal Rexnord will post 9.95 EPS for the current year.
Regal Rexnord Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a $0.35 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.40 annualized dividend and a dividend yield of 1.18%. Regal Rexnord's payout ratio is presently 47.46%.
Hedge Funds Weigh In On Regal Rexnord
Several institutional investors have recently bought and sold shares of the business. Atria Investments Inc purchased a new position in shares of Regal Rexnord in the 3rd quarter valued at $257,000. Crossmark Global Holdings Inc. boosted its position in Regal Rexnord by 18.2% during the third quarter. Crossmark Global Holdings Inc. now owns 4,705 shares of the company's stock valued at $780,000 after purchasing an additional 725 shares in the last quarter. GSA Capital Partners LLP bought a new position in Regal Rexnord in the third quarter worth about $229,000. Oppenheimer Asset Management Inc. lifted its position in shares of Regal Rexnord by 21.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 1,934 shares of the company's stock valued at $321,000 after buying an additional 338 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Regal Rexnord by 12.3% in the 3rd quarter. KBC Group NV now owns 1,795 shares of the company's stock valued at $298,000 after buying an additional 197 shares in the last quarter. 99.72% of the stock is owned by hedge funds and other institutional investors.
About Regal Rexnord
(
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Regal Rexnord Corporation manufactures and sells industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems worldwide. The Industrial Powertrain Solutions segment provides mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes, gear motors, clutches, brakes, special, and industrial powertrain components and solutions for food and beverage, bulk material handling, eCommerce/warehouse distribution, energy, mining, marine, agricultural machinery, turf and garden, and general industrial markets.
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