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

Regal Rexnord Co. (NYSE:RRX - Get Free Report) has been given an average rating of "Moderate Buy" by the nine analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $170.75.

Several research firms have commented on RRX. Oppenheimer dropped 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. Barclays reduced their target price on shares of Regal Rexnord from $160.00 to $155.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. StockNews.com downgraded Regal Rexnord from a "buy" rating to a "hold" rating in a report on Wednesday. Citigroup decreased their price target on Regal Rexnord from $170.00 to $110.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, KeyCorp dropped their price objective on Regal Rexnord from $180.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th.

Institutional Investors Weigh In On Regal Rexnord

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in Regal Rexnord by 20.1% during the fourth quarter. Victory Capital Management Inc. now owns 2,176,963 shares of the company's stock worth $337,712,000 after buying an additional 363,728 shares in the last quarter. Norges Bank bought a new stake in shares of Regal Rexnord during the 4th quarter valued at $235,188,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Regal Rexnord by 3.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,332,621 shares of the company's stock valued at $206,729,000 after buying an additional 42,704 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Regal Rexnord by 7.2% in the third 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 in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Regal Rexnord by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,104,090 shares of the company's stock valued at $183,195,000 after acquiring an additional 9,338 shares during the last quarter. 99.72% of the stock is currently owned by institutional investors.

Regal Rexnord Price Performance

RRX traded down $2.36 during trading on Friday, hitting $96.60. 28,993 shares of the stock traded hands, compared to its average volume of 712,894. Regal Rexnord has a twelve month low of $90.56 and a twelve month high of $185.28. The business has a 50 day moving average price of $120.47 and a 200 day moving average price of $149.85. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.25. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 1.37 and a beta of 1.09.

Regal Rexnord (NYSE:RRX - Get Free Report) last posted its earnings results 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 return on equity of 9.57% and a net margin of 3.25%. Equities research analysts forecast that Regal Rexnord will post 9.95 earnings per share for the current fiscal year.

Regal Rexnord Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.45%. Regal Rexnord's dividend payout ratio (DPR) is presently 47.46%.

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.