Regal Rexnord Corporation (NYSE:RRX) Given Consensus Rating of “Moderate Buy” by Brokerages

Regal Rexnord Corporation (NYSE:RRX) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $184.6250.

A number of equities research analysts recently commented on the stock. Robert W. Baird set a $212.00 target price on shares of Regal Rexnord in a research report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Regal Rexnord in a report on Wednesday, October 8th. Barclays restated an “overweight” rating and set a $165.00 target price on shares of Regal Rexnord in a research note on Monday, November 3rd. The Goldman Sachs Group decreased their price target on Regal Rexnord from $192.00 to $170.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. Finally, KeyCorp lowered their price target on Regal Rexnord from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, October 14th.

Regal Rexnord Price Performance

Shares of RRX stock opened at $137.56 on Friday. The stock’s 50-day moving average is $141.17 and its 200 day moving average is $143.37. Regal Rexnord has a 1-year low of $90.56 and a 1-year high of $182.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.00 and a quick ratio of 0.93. The company has a market cap of $9.13 billion, a P/E ratio of 35.54, a PEG ratio of 1.52 and a beta of 1.19.

Regal Rexnord (NYSE:RRX) last announced its earnings results on Friday, September 8th. The company reported $2.76 EPS for the quarter. Regal Rexnord had a net margin of 4.38% and a return on equity of 9.75%. The business had revenue of $1.85 billion during the quarter. Research analysts predict that Regal Rexnord will post 9.95 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be paid a $0.35 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.40 dividend on an annualized basis and a yield of 1.0%. Regal Rexnord’s dividend payout ratio (DPR) is 36.18%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RRX. 1620 Investment Advisors Inc. grew its holdings in shares of Regal Rexnord by 8.6% during the third quarter. 1620 Investment Advisors Inc. now owns 944 shares of the company’s stock valued at $135,000 after buying an additional 75 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Regal Rexnord by 35.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 299 shares of the company’s stock valued at $43,000 after purchasing an additional 78 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Regal Rexnord by 8.9% in the third quarter. UMB Bank n.a. now owns 963 shares of the company’s stock worth $138,000 after purchasing an additional 79 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Regal Rexnord by 42.5% during the third quarter. EverSource Wealth Advisors LLC now owns 265 shares of the company’s stock worth $38,000 after purchasing an additional 79 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of Regal Rexnord by 85.7% in the 2nd quarter. Allworth Financial LP now owns 195 shares of the company’s stock valued at $28,000 after acquiring an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 99.72% of the company’s stock.

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.