Rexnord Corp (NYSE:RXN) insider Craig Wehr sold 5,671 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $30.60, for a total value of $173,532.60. Following the sale, the insider now directly owns 14,168 shares of the company’s stock, valued at $433,540.80. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of NYSE RXN opened at $30.33 on Friday. The stock has a 50 day moving average price of $27.92 and a 200 day moving average price of $27.97. Rexnord Corp has a 52 week low of $21.38 and a 52 week high of $31.80. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.94 and a current ratio of 2.94. The stock has a market capitalization of $3.26 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 1.78 and a beta of 1.58.

Rexnord (NYSE:RXN) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.04. The firm had revenue of $521.30 million for the quarter, compared to analyst estimates of $524.39 million. Rexnord had a return on equity of 19.40% and a net margin of 8.56%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 earnings per share. As a group, research analysts forecast that Rexnord Corp will post 1.98 EPS for the current year.

A number of equities research analysts have recently weighed in on the company. Barclays reaffirmed a “hold” rating and set a $29.00 price target on shares of Rexnord in a research note on Friday, October 4th. Robert W. Baird cut Rexnord from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $33.00 to $29.00 in a research report on Tuesday, September 3rd. Deutsche Bank assumed coverage on Rexnord in a research report on Wednesday, August 14th. They set a “hold” rating for the company. Finally, Zacks Investment Research cut Rexnord from a “hold” rating to a “sell” rating and set a $27.00 price target for the company. in a research report on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $29.00.

Large investors have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. bought a new position in shares of Rexnord during the second quarter worth approximately $31,000. First Mercantile Trust Co. bought a new position in shares of Rexnord during the third quarter worth approximately $54,000. River & Mercantile Asset Management LLP bought a new position in shares of Rexnord during the second quarter worth approximately $57,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Rexnord by 20.4% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,695 shares of the industrial products company’s stock worth $142,000 after purchasing an additional 794 shares during the period. Finally, Quantamental Technologies LLC increased its stake in shares of Rexnord by 220.2% during the second quarter. Quantamental Technologies LLC now owns 6,747 shares of the industrial products company’s stock worth $204,000 after purchasing an additional 4,640 shares during the period.

About Rexnord

Rexnord Corp. engages in the manufacture of engineered power transmission, aerospace, and other precision motion technology products. It operates through the Process and Motion Control, and Water Management segments. The Process and Motion Control segment designs, manufactures and markets engineered mechanical components such as gears, couplings, industrial, aerospace bearings, and seals which are used within complex systems.

Featured Story: What is Green Investing?

Insider Buying and Selling by Quarter for Rexnord (NYSE:RXN)

Receive News & Ratings for Rexnord Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexnord and related companies with MarketBeat.com's FREE daily email newsletter.