Regal Rexnord Co. (NYSE:RRX) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Regal Rexnord Co. (NYSE:RRX - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nine research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $194.88.

RRX has been the topic of a number of research reports. StockNews.com raised shares of Regal Rexnord from a "hold" rating to a "buy" rating in a report on Wednesday, October 16th. Robert W. Baird lowered their target price on Regal Rexnord from $223.00 to $208.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Barclays increased their price target on Regal Rexnord from $190.00 to $205.00 and gave the stock an "overweight" rating in a research note on Thursday. Loop Capital restated a "buy" rating and issued a $200.00 price objective on shares of Regal Rexnord in a research note on Thursday, September 19th. Finally, Citigroup assumed coverage on shares of Regal Rexnord in a research report on Monday, October 14th. They set a "buy" rating and a $200.00 target price for the company.

Regal Rexnord Stock Performance

RRX stock traded up $1.44 during midday trading on Friday, hitting $170.45. The company's stock had a trading volume of 369,869 shares, compared to its average volume of 458,305. The stock has a market cap of $11.29 billion, a price-to-earnings ratio of 53.77, a PEG ratio of 1.87 and a beta of 1.03. The company has a quick ratio of 1.35, a current ratio of 2.45 and a debt-to-equity ratio of 0.87. The stock's 50-day moving average price is $171.33 and its 200 day moving average price is $158.04. Regal Rexnord has a 1 year low of $122.49 and a 1 year high of $185.28.

Regal Rexnord (NYSE:RRX - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.49 earnings per share for the quarter, topping analysts' consensus estimates of $2.48 by $0.01. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.53 billion. Regal Rexnord had a net margin of 3.41% and a return on equity of 9.48%. The firm's quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.10 EPS. On average, equities analysts forecast that Regal Rexnord will post 9.25 EPS for the current year.

Regal Rexnord Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Tuesday, December 31st. Regal Rexnord's dividend payout ratio (DPR) is presently 44.16%.

Insiders Place Their Bets

In other Regal Rexnord news, CEO Louis V. Pinkham sold 8,774 shares of the company's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $180.03, for a total value of $1,579,583.22. Following the transaction, the chief executive officer now directly owns 149,618 shares in the company, valued at $26,935,728.54. This represents a 5.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.82% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Headlands Technologies LLC purchased a new position in Regal Rexnord in the second quarter worth $46,000. 1620 Investment Advisors Inc. purchased a new position in shares of Regal Rexnord in the 2nd quarter worth about $52,000. UMB Bank n.a. increased its position in shares of Regal Rexnord by 72.5% during the 3rd quarter. UMB Bank n.a. now owns 345 shares of the company's stock valued at $57,000 after purchasing an additional 145 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Regal Rexnord by 30.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 430 shares of the company's stock valued at $71,000 after buying an additional 100 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Regal Rexnord by 13.9% in the 2nd quarter. GAMMA Investing LLC now owns 647 shares of the company's stock worth $87,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 99.72% of the company's stock.

Regal Rexnord Company Profile

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.