Analysts Set Regal Rexnord Co. (NYSE:RRX) Target Price at $202.00

Shares of Regal Rexnord Co. (NYSE:RRX - Get Free Report) have been given an average recommendation of "Moderate Buy" by the nine analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $202.00.

RRX has been the subject of several analyst reports. Jefferies Financial Group initiated coverage on Regal Rexnord in a research note on Thursday, December 12th. They issued a "buy" rating and a $215.00 price objective for the company. StockNews.com lowered Regal Rexnord from a "strong-buy" rating to a "buy" rating in a research note on Thursday, January 16th. Citigroup lowered their price objective on Regal Rexnord from $210.00 to $190.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Barclays lowered their price objective on Regal Rexnord from $205.00 to $190.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Finally, Robert W. Baird lowered their price objective on Regal Rexnord from $223.00 to $208.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th.

Insider Buying and Selling

In other Regal Rexnord news, CEO Louis V. Pinkham sold 8,774 shares of Regal Rexnord stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $180.03, for a total transaction of $1,579,583.22. Following the completion of the sale, the chief executive officer now directly owns 149,618 shares of the company's stock, valued at $26,935,728.54. The trade was a 5.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.82% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Regal Rexnord

Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of Regal Rexnord by 6.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 436,307 shares of the company's stock valued at $72,375,000 after acquiring an additional 28,278 shares during the period. Geode Capital Management LLC grew its stake in Regal Rexnord by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,104,090 shares of the company's stock worth $183,195,000 after buying an additional 9,338 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Regal Rexnord by 29.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 12,311 shares of the company's stock worth $2,042,000 after buying an additional 2,783 shares during the last quarter. First Hawaiian Bank purchased a new position in Regal Rexnord during the 4th quarter worth $811,000. Finally, Franklin Resources Inc. grew its stake in Regal Rexnord by 7.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,151,440 shares of the company's stock worth $204,254,000 after buying an additional 77,215 shares during the last quarter. 99.72% of the stock is owned by institutional investors.

Regal Rexnord Price Performance

NYSE RRX traded down $1.64 on Friday, reaching $165.46. The company had a trading volume of 338,470 shares, compared to its average volume of 366,757. 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 has a market capitalization of $10.96 billion, a PE ratio of 52.20, a price-to-earnings-growth ratio of 1.57 and a beta of 1.04. The firm's 50 day moving average price is $163.47 and its 200 day moving average price is $162.44. Regal Rexnord has a 12 month low of $130.94 and a 12 month high of $185.28.

Regal Rexnord (NYSE:RRX - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.49 earnings per share (EPS) for the quarter, beating 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%. Regal Rexnord's revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.10 EPS. As a group, equities analysts predict that Regal Rexnord will post 9.24 earnings per share for the current year.

About Regal Rexnord

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.