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

Shares of Regal Rexnord Corporation (NYSE:RRX) have been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $244.9167.

Several brokerages recently issued reports on RRX. UBS Group set a $260.00 price objective on Regal Rexnord in a research report on Monday, June 15th. JPMorgan Chase & Co. increased their target price on Regal Rexnord from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Wolfe Research set a $250.00 target price on shares of Regal Rexnord in a report on Thursday, July 9th. KeyCorp cut their price target on shares of Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Finally, DA Davidson assumed coverage on shares of Regal Rexnord in a report on Tuesday, June 16th. They issued a “buy” rating and a $260.00 price target for the company.

Regal Rexnord Stock Performance

Shares of Regal Rexnord stock opened at $157.88 on Monday. The stock’s fifty day simple moving average is $198.44 and its 200 day simple moving average is $202.81. The company has a current ratio of 2.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $10.51 billion, a PE ratio of 32.55, a PEG ratio of 1.17 and a beta of 1.09. Regal Rexnord has a 12 month low of $127.96 and a 12 month high of $247.80.

Regal Rexnord (NYSE:RRX) last posted its earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.41. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%.The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the firm earned $2.48 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, research analysts predict that Regal Rexnord will post 10.68 EPS for the current year.

Regal Rexnord Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Regal Rexnord’s payout ratio is currently 28.87%.

Hedge Funds Weigh In On Regal Rexnord

A number of large investors have recently added to or reduced their stakes in RRX. Covestor Ltd lifted its holdings in shares of Regal Rexnord by 81.6% in the fourth quarter. Covestor Ltd now owns 178 shares of the company’s stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Clearstead Trust LLC acquired a new position in shares of Regal Rexnord during the second quarter worth about $25,000. Geneos Wealth Management Inc. grew its holdings in shares of Regal Rexnord by 135.1% during the first quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock worth $25,000 after buying an additional 127 shares in the last quarter. Garner Asset Management Corp bought a new position in shares of Regal Rexnord during the fourth quarter worth about $27,000. Finally, IFP Advisors Inc raised its position in Regal Rexnord by 34.0% in the 4th quarter. IFP Advisors Inc now owns 193 shares of the company’s stock valued at $27,000 after buying an additional 49 shares during the last quarter. Institutional investors own 99.72% of the company’s stock.

Regal Rexnord Company Profile

Regal Rexnord Corporation (NYSE: RRX) is a global industrial manufacturer specializing in electric motors, power generation equipment and automated motion control systems. The company designs, engineers and produces a broad portfolio of products that includes energy-efficient electric motors, variable frequency drives, gearboxes, couplings, bearings and power transmission components. These offerings support critical applications in industries such as heating, ventilation and air conditioning (HVAC), refrigeration, data centers, water treatment, food and beverage processing, mining, oil and gas, and material handling.

The company’s operations are organized into multiple business segments that address distinct customer needs.