Regal Rexnord Corporation (NYSE:RRX) Shares to Pay Quarterly Dividend of $0.35

Regal Rexnord Corporation (NYSE:RRX) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Thursday, December 31st will be given a dividend of $0.35 per share on Thursday, January 14th. This represents a $1.40 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, December 31st.

Regal Rexnord has a dividend payout ratio of 12.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Regal Rexnord to earn $12.97 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 10.8%.

Regal Rexnord Stock Performance

NYSE RRX traded down $8.87 during midday trading on Thursday, hitting $149.91. The company had a trading volume of 292,815 shares, compared to its average volume of 1,137,672. Regal Rexnord has a fifty-two week low of $127.96 and a fifty-two week high of $247.80. The stock has a market cap of $9.98 billion, a price-to-earnings ratio of 31.10, a P/E/G ratio of 1.24 and a beta of 1.09. The firm has a fifty day simple moving average of $159.92 and a two-hundred day simple moving average of $190.89. The company has a quick ratio of 1.16, a current ratio of 2.28 and a debt-to-equity ratio of 0.66.

Regal Rexnord (NYSE:RRX) last released its quarterly earnings data 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. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%. Regal Rexnord’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.48 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. Equities analysts forecast that Regal Rexnord will post 10.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RRX has been the topic of a number of recent research reports. Oppenheimer lowered their price objective on shares of Regal Rexnord from $245.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 8th. KeyCorp lowered their price objective on shares of Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. Wall Street Zen cut Regal Rexnord from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. The Goldman Sachs Group set a $216.00 target price on shares of Regal Rexnord in a report on Wednesday, September 30th. Finally, Citigroup decreased their price target on shares of Regal Rexnord from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Regal Rexnord has an average rating of “Moderate Buy” and an average target price of $230.50.

Regal Rexnord Company Profile

Regal Rexnord Corporation is an industrial manufacturing company that develops and produces electric motors, power transmission components, motion-control systems and other equipment used in industrial and commercial applications. Its products include motors, gearboxes, bearings, couplings, belts, chains, drives, clutches, brakes and related controls, as well as air-moving and power-management solutions.

The company serves customers across industries such as automation, material handling, food and beverage, renewable energy, heating and ventilation, agriculture, and general industrial production.