Regal Rexnord (NYSE:RRX) Price Target Lowered to $161.00 at Barclays

Regal Rexnord (NYSE:RRX) had its price objective trimmed by Barclays from $163.00 to $161.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities research analysts have also issued reports on the stock. KeyCorp set a $180.00 price objective on shares of Regal Rexnord and gave the company an “overweight” rating in a report on Thursday, June 26th. Citigroup reissued a “buy” rating and issued a $165.00 price objective (up previously from $145.00) on shares of Regal Rexnord in a report on Tuesday, June 24th. JPMorgan Chase & Co. initiated coverage on shares of Regal Rexnord in a report on Monday. They issued an “overweight” rating and a $200.00 price objective for the company. The Goldman Sachs Group upped their price objective on shares of Regal Rexnord from $173.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Finally, Wall Street Zen raised shares of Regal Rexnord from a “buy” rating to a “strong-buy” rating in a report on Saturday. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $183.67.

Regal Rexnord Price Performance

Regal Rexnord stock opened at $141.17 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 2.00 and a debt-to-equity ratio of 0.72. Regal Rexnord has a 52-week low of $90.56 and a 52-week high of $185.28. The company has a fifty day simple moving average of $148.05 and a 200-day simple moving average of $133.23. The firm has a market capitalization of $9.37 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 1.42 and a beta of 1.18.

Regal Rexnord (NYSE:RRX) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.06. Regal Rexnord had a net margin of 4.28% and a return on equity of 9.73%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the firm posted $2.29 earnings per share. Regal Rexnord’s quarterly revenue was down 3.3% on a year-over-year basis. Regal Rexnord has set its FY 2025 guidance at 9.700-10.300 EPS. On average, equities analysts anticipate that Regal Rexnord will post 9.95 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.40 dividend on an annualized basis and a yield of 1.0%. Regal Rexnord’s dividend payout ratio is presently 37.23%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. lifted its position in Regal Rexnord by 29.0% in the second quarter. Osaic Holdings Inc. now owns 5,216 shares of the company’s stock valued at $750,000 after buying an additional 1,172 shares during the last quarter. American Trust acquired a new stake in shares of Regal Rexnord during the second quarter worth about $285,000. Squarepoint Ops LLC acquired a new stake in shares of Regal Rexnord during the second quarter worth about $1,277,000. MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of Regal Rexnord during the second quarter worth about $818,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Regal Rexnord by 35.3% during the second quarter. Geneos Wealth Management Inc. now owns 299 shares of the company’s stock worth $43,000 after purchasing an additional 78 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.