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

Regal Rexnord Co. (NYSE:RRX - Get Free Report) has received an average rating of "Moderate Buy" from the nine brokerages that are presently covering the stock, 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 12-month price target among brokers that have covered the stock in the last year is $197.75.

Several analysts have recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Regal Rexnord from $223.00 to $208.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. Oppenheimer reduced their price target on shares of Regal Rexnord from $210.00 to $190.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Jefferies Financial Group assumed coverage on shares of Regal Rexnord in a research report on Thursday, December 12th. They set a "buy" rating and a $215.00 price target on the stock. Barclays reduced their price target on shares of Regal Rexnord from $190.00 to $176.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Finally, StockNews.com cut shares of Regal Rexnord from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 16th.

Regal Rexnord Trading Down 1.8 %

NYSE RRX traded down $2.51 during trading hours on Thursday, reaching $133.55. The company had a trading volume of 486,996 shares, compared to its average volume of 584,345. The stock has a 50-day moving average of $153.55 and a 200 day moving average of $161.67. Regal Rexnord has a 1-year low of $130.94 and a 1-year 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. The stock has a market capitalization of $8.84 billion, a P/E ratio of 45.04, a price-to-earnings-growth ratio of 1.37 and a beta of 1.03.

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 net margin of 3.25% and a return on equity of 9.57%. As a group, research analysts anticipate that Regal Rexnord will post 9.95 earnings per share for the current fiscal year.

Regal Rexnord Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Monday, March 31st. Regal Rexnord's dividend payout ratio is presently 47.46%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in Regal Rexnord by 6.9% during the third 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 lifted its stake in shares of Regal Rexnord by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,104,090 shares of the company's stock valued at $183,195,000 after purchasing an additional 9,338 shares in the last quarter. First Hawaiian Bank acquired a new position in shares of Regal Rexnord in the 4th quarter valued at about $811,000. PNC Financial Services Group Inc. lifted its stake in shares of Regal Rexnord by 29.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 12,311 shares of the company's stock valued at $2,042,000 after purchasing an additional 2,783 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Regal Rexnord by 7.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,151,440 shares of the company's stock valued at $204,254,000 after purchasing an additional 77,215 shares in the last quarter. 99.72% of the stock is currently owned by hedge funds and other institutional investors.

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.