Regal Rexnord Co. (NYSE:RRX - Get Free Report)'s share price hit a new 52-week low on Monday . The company traded as low as $127.57 and last traded at $128.28, with a volume of 136275 shares trading hands. The stock had previously closed at $129.40.
Analyst Ratings Changes
RRX has been the subject of a number of analyst reports. Citigroup dropped their price target on Regal Rexnord from $210.00 to $190.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. StockNews.com lowered shares of Regal Rexnord from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 16th. Barclays dropped their target price on shares of Regal Rexnord from $190.00 to $176.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Jefferies Financial Group initiated coverage on Regal Rexnord in a research note on Thursday, December 12th. They set a "buy" rating and a $215.00 target price on the stock. Finally, 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. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $197.75.
Check Out Our Latest Stock Report on Regal Rexnord
Regal Rexnord Price Performance
The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of 41.26, a price-to-earnings-growth ratio of 1.37 and a beta of 1.11. The company has a quick ratio of 1.25, a current ratio of 2.26 and a debt-to-equity ratio of 0.87. The company has a 50 day moving average of $147.30 and a 200 day moving average of $159.97.
Regal Rexnord (NYSE:RRX - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $2.34 EPS for the quarter, missing the consensus estimate 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, equities research analysts forecast that Regal Rexnord Co. will post 9.95 EPS for the current fiscal year.
Regal Rexnord Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.40 dividend on an annualized basis and a yield of 1.15%. Regal Rexnord's dividend payout ratio is currently 47.46%.
Institutional Investors Weigh In On Regal Rexnord
Hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Asset Management Inc raised its stake in Regal Rexnord by 3.2% during the third quarter. CIBC Asset Management Inc now owns 1,960 shares of the company's stock valued at $325,000 after buying an additional 61 shares in the last quarter. iA Global Asset Management Inc. increased its stake in Regal Rexnord by 2.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 2,626 shares of the company's stock valued at $436,000 after buying an additional 68 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Regal Rexnord by 7.4% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,111 shares of the company's stock worth $190,000 after purchasing an additional 77 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in shares of Regal Rexnord by 4.1% in the fourth quarter. Moors & Cabot Inc. now owns 2,139 shares of the company's stock valued at $332,000 after buying an additional 85 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its holdings in Regal Rexnord by 3.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,382 shares of the company's stock valued at $370,000 after acquiring an additional 87 shares during the last quarter. 99.72% of the stock is currently owned by hedge funds and other institutional investors.
Regal Rexnord Company Profile
(
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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.
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