Regal Rexnord Corporation (NYSE:RRX) Receives $231.00 Average Target Price from Brokerages

Regal Rexnord Corporation (NYSE:RRX) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $231.00.

A number of research analysts have recently weighed in on RRX shares. Robert W. Baird set a $253.00 target price on shares of Regal Rexnord in a research report on Friday, February 6th. Barclays increased their target price on shares of Regal Rexnord from $237.00 to $245.00 and gave the company an “overweight” rating in a research report on Monday, March 23rd. Wall Street Zen downgraded shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. increased their target price on shares of Regal Rexnord from $190.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Finally, Citigroup increased their target price on shares of Regal Rexnord from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, April 13th.

Regal Rexnord Trading Down 4.6%

Shares of RRX stock opened at $188.18 on Friday. Regal Rexnord has a 52-week low of $127.96 and a 52-week high of $236.35. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.08 and a current ratio of 2.17. The company has a 50-day simple moving average of $198.93 and a two-hundred day simple moving average of $175.53. The company has a market capitalization of $12.53 billion, a price-to-earnings ratio of 43.76, a PEG ratio of 1.85 and a beta of 1.15.

Regal Rexnord (NYSE:RRX) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.06. Regal Rexnord had a net margin of 4.78% and a return on equity of 9.49%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm posted $2.15 EPS. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. Research analysts anticipate that Regal Rexnord will post 10.63 EPS for the current fiscal year.

Regal Rexnord Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, June 30th. Regal Rexnord’s dividend payout ratio is currently 32.56%.

Insider Activity

In other news, CEO Louis V. Pinkham sold 22,509 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $211.68, for a total transaction of $4,764,705.12. Following the completion of the transaction, the chief executive officer directly owned 56,749 shares of the company’s stock, valued at $12,012,628.32. This represents a 28.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert Rehard sold 1,289 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $223.13, for a total transaction of $287,614.57. Following the transaction, the chief financial officer directly owned 35,415 shares of the company’s stock, valued at $7,902,148.95. This represents a 3.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,063 shares of company stock valued at $5,545,547 in the last three months. Company insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. AIA Group Ltd bought a new position in Regal Rexnord in the 3rd quarter worth approximately $1,477,000. Oppenheimer Asset Management Inc. boosted its holdings in Regal Rexnord by 475.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 21,991 shares of the company’s stock worth $3,154,000 after buying an additional 18,168 shares during the period. American Century Companies Inc. bought a new position in Regal Rexnord in the 3rd quarter worth approximately $47,778,000. JPMorgan Chase & Co. boosted its holdings in Regal Rexnord by 97.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 260,853 shares of the company’s stock worth $37,419,000 after buying an additional 128,468 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in Regal Rexnord by 55.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 124,005 shares of the company’s stock worth $17,788,000 after buying an additional 44,100 shares during the period. 99.72% of the stock is owned by institutional investors.

About Regal Rexnord

Regal Rexnord Corporation (NYSE: RRX) is a global industrial manufacturer specializing in electric motors, power generation equipment and automated motion control systems. The company designs, engineers and produces a broad portfolio of products that includes energy-efficient electric motors, variable frequency drives, gearboxes, couplings, bearings and power transmission components. These offerings support critical applications in industries such as heating, ventilation and air conditioning (HVAC), refrigeration, data centers, water treatment, food and beverage processing, mining, oil and gas, and material handling.

The company’s operations are organized into multiple business segments that address distinct customer needs.