Rexnord Corp (NYSE:RXN) CEO Todd A. Adams sold 30,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $27.09, for a total value of $812,700.00. Following the transaction, the chief executive officer now owns 241,792 shares of the company’s stock, valued at $6,550,145.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of RXN traded up $0.17 on Thursday, hitting $26.67. The company’s stock had a trading volume of 15,604 shares, compared to its average volume of 526,245. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 2.87. Rexnord Corp has a fifty-two week low of $21.38 and a fifty-two week high of $32.11. The firm has a market capitalization of $2.78 billion, a PE ratio of 19.19, a P/E/G ratio of 0.96 and a beta of 1.53.

Rexnord (NYSE:RXN) last issued its quarterly earnings data on Wednesday, January 30th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.07. Rexnord had a positive return on equity of 18.32% and a negative net margin of 3.58%. The business had revenue of $485.00 million during the quarter, compared to analyst estimates of $487.19 million. During the same period in the previous year, the firm earned $0.37 EPS. Rexnord’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities research analysts predict that Rexnord Corp will post 1.81 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of RXN. AdvisorNet Financial Inc acquired a new position in shares of Rexnord in the 4th quarter valued at approximately $25,000. NumerixS Investment Technologies Inc acquired a new position in shares of Rexnord in the 4th quarter valued at approximately $25,000. Essex Investment Management Co. LLC acquired a new position in shares of Rexnord in the 4th quarter valued at approximately $43,000. Quantamental Technologies LLC acquired a new position in shares of Rexnord in the 4th quarter valued at approximately $73,000. Finally, Ibex Investors LLC acquired a new position in shares of Rexnord in the 4th quarter valued at approximately $215,000.

Separately, Zacks Investment Research upgraded Rexnord from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Monday, December 17th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $30.88.

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Rexnord Company Profile

Rexnord Corporation designs, manufactures, and markets process and motion control, and water management products worldwide. It operates in two segments, Process & Motion Control Platform and Water Management Platform. The company offers table top conveying chain and related accessories, metal conveying and engineered woven metals, gearing and gear drives, conveying equipment, industrial chain, and custom assemblies; custom-engineered, application-specific miniature gearboxes, and motion control assemblies and components used in aerospace, defense, medical equipment, robotics, semiconductor, instrumentation, and satellite communications; and shaft management products, including couplings, torque limiters, electromagnetic clutches and brakes, industrial bearings, and shaft locking assemblies.

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