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

Regal Rexnord Co. (NYSE:RRX - Get Free Report) has received a consensus rating of "Moderate Buy" from the nine ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $195.75.

A number of research analysts have commented on the company. Citigroup decreased their price target on Regal Rexnord from $210.00 to $190.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Barclays decreased their price target on Regal Rexnord from $176.00 to $160.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. The Goldman Sachs Group upped their price target on Regal Rexnord from $191.00 to $213.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Oppenheimer decreased their price target on Regal Rexnord from $210.00 to $190.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Finally, StockNews.com lowered Regal Rexnord from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 16th.

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Hedge Funds Weigh In On Regal Rexnord

Large investors have recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ increased its holdings in Regal Rexnord by 472.4% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 166 shares of the company's stock valued at $25,000 after buying an additional 137 shares during the last quarter. Bernard Wealth Management Corp. acquired a new position in Regal Rexnord in the fourth quarter valued at $30,000. Aster Capital Management DIFC Ltd acquired a new position in Regal Rexnord in the fourth quarter valued at $33,000. Tobam acquired a new position in Regal Rexnord in the fourth quarter valued at $45,000. Finally, Jones Financial Companies Lllp boosted its stake in Regal Rexnord by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 322 shares of the company's stock valued at $50,000 after acquiring an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 99.72% of the company's stock.

Regal Rexnord Price Performance

Shares of Regal Rexnord stock traded up $0.40 on Monday, hitting $123.71. 927,141 shares of the company were exchanged, compared to its average volume of 479,872. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of 41.94, a price-to-earnings-growth ratio of 1.37 and a beta of 1.11. The company has a 50-day moving average price of $140.64 and a 200 day moving average price of $157.13. Regal Rexnord has a 1-year low of $113.73 and a 1-year high of $185.28. The company has a quick ratio of 1.25, a current ratio of 2.26 and a debt-to-equity ratio of 0.87.

Regal Rexnord (NYSE:RRX - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $2.34 EPS for the quarter, missing analysts' consensus estimates of $2.56 by ($0.22). Regal Rexnord had a net margin of 3.25% and a return on equity of 9.57%. As a group, sell-side analysts predict that Regal Rexnord will post 9.95 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.13%. The ex-dividend date is Monday, March 31st. Regal Rexnord's dividend payout ratio (DPR) is presently 47.46%.

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.