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

Shares of Regal Rexnord Co. (NYSE:RRX) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $197.75.

Several research firms have weighed in on RRX. Citigroup cut their target price on Regal Rexnord from $210.00 to $190.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Jefferies Financial Group began coverage on Regal Rexnord in a report on Thursday, December 12th. They set a “buy” rating and a $215.00 target price on the stock. StockNews.com lowered Regal Rexnord from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 16th. The Goldman Sachs Group raised their target price on Regal Rexnord from $191.00 to $213.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Barclays cut their target price on Regal Rexnord from $190.00 to $176.00 and set an “overweight” rating on the stock in a report on Friday, February 14th.

Regal Rexnord Price Performance

Shares of NYSE:RRX opened at $136.01 on Thursday. The company has a current ratio of 2.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. Regal Rexnord has a 1 year low of $130.94 and a 1 year high of $185.28. The business has a fifty day simple moving average of $154.27 and a 200 day simple moving average of $161.85. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 46.10, a P/E/G ratio of 1.38 and a beta of 1.03.

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

Regal Rexnord Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.40 annualized dividend and a dividend yield of 1.03%. Regal Rexnord’s dividend payout ratio is presently 47.46%.

Hedge Funds Weigh In On Regal Rexnord

Several large investors have recently added to or reduced their stakes in RRX. Creative Planning raised its holdings in Regal Rexnord by 11.6% in the 3rd quarter. Creative Planning now owns 3,131 shares of the company’s stock valued at $519,000 after acquiring an additional 326 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in Regal Rexnord in the 3rd quarter valued at approximately $219,000. Raymond James & Associates raised its holdings in Regal Rexnord by 1.1% in the 3rd quarter. Raymond James & Associates now owns 116,222 shares of the company’s stock valued at $19,279,000 after acquiring an additional 1,274 shares in the last quarter. Greenleaf Trust raised its holdings in Regal Rexnord by 3.4% in the 3rd quarter. Greenleaf Trust now owns 5,064 shares of the company’s stock valued at $840,000 after acquiring an additional 166 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Regal Rexnord by 87,585.7% in the 3rd quarter. International Assets Investment Management LLC now owns 6,138 shares of the company’s stock valued at $1,018,000 after acquiring an additional 6,131 shares in the last quarter. Institutional investors and hedge funds own 99.72% of the company’s stock.

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.