Regal Rexnord Corporation (NYSE:RRX) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Regal Rexnord Corporation (NYSE:RRX) have been given an average rating of “Moderate Buy” by the eleven analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with 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 $230.50.

Several research analysts have commented on the company. The Goldman Sachs Group set a $216.00 price target on Regal Rexnord in a research report on Wednesday, September 30th. Wolfe Research set a $250.00 price target on Regal Rexnord in a report on Thursday, July 9th. JPMorgan Chase & Co. reduced their price objective on Regal Rexnord from $240.00 to $196.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. KeyCorp reduced their price objective on Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Regal Rexnord in a research note on Thursday.

Institutional Trading of Regal Rexnord

A number of hedge funds have recently bought and sold shares of RRX. BlackRock Inc. acquired a new position in shares of Regal Rexnord during the second quarter valued at about $1,477,356,000. Bank of New York Mellon Corp acquired a new stake in Regal Rexnord during the second quarter worth about $449,281,000. Wellington Management Group LLP grew its position in Regal Rexnord by 75.8% during the second quarter. Wellington Management Group LLP now owns 2,584,056 shares of the company’s stock worth $615,496,000 after buying an additional 1,113,888 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Regal Rexnord during the second quarter worth about $254,637,000. Finally, Bessemer Group Inc. grew its position in Regal Rexnord by 4,155.4% during the first quarter. Bessemer Group Inc. now owns 916,054 shares of the company’s stock worth $171,541,000 after buying an additional 894,527 shares in the last quarter. 99.72% of the stock is owned by institutional investors.

Regal Rexnord Trading Down 1.3%

Shares of NYSE:RRX opened at $154.17 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 2.28. The stock’s 50-day moving average is $160.83 and its 200-day moving average is $191.43. The company has a market cap of $10.27 billion, a P/E ratio of 31.79, a P/E/G ratio of 1.23 and a beta of 1.09. Regal Rexnord has a 52-week low of $127.96 and a 52-week high of $247.80.

Regal Rexnord (NYSE:RRX) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.41. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the firm earned $2.48 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. Equities research analysts predict that Regal Rexnord will post 10.64 earnings per share for the current year.

Regal Rexnord Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, September 30th. Regal Rexnord’s dividend payout ratio is presently 28.87%.

Regal Rexnord Company Profile

Regal Rexnord Corporation is a global manufacturer of industrial power, motion control and automation products. The company supplies electric motors, generators, gearboxes, bearings, couplings, clutches, brakes and related power-transmission equipment used to move, control and manage energy in industrial and commercial applications.

Its product portfolio also includes automation and motion-control technologies, conveyor and material-handling systems, precision components, and solutions designed to improve the efficiency and reliability of machinery.