Regal Rexnord Corporation (NYSE:RRX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Regal Rexnord Corporation (NYSE:RRX) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $244.9167.

Several research analysts recently weighed in on RRX shares. Wolfe Research set a $250.00 price objective on Regal Rexnord in a research report on Thursday, July 9th. DA Davidson assumed coverage on shares of Regal Rexnord in a report on Tuesday, June 16th. They set a “buy” rating and a $260.00 target price on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Regal Rexnord in a research note on Monday, July 20th. They issued a “buy” rating and a $286.00 price objective for the company. UBS Group set a $260.00 price objective on shares of Regal Rexnord in a research report on Monday, June 15th. Finally, Wall Street Zen lowered Regal Rexnord from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th.

Regal Rexnord Price Performance

NYSE:RRX opened at $166.36 on Monday. Regal Rexnord has a one year low of $127.96 and a one year high of $247.80. 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 has a market cap of $11.08 billion, a PE ratio of 34.30, a P/E/G ratio of 1.24 and a beta of 1.09. The stock has a 50 day moving average price of $204.51 and a 200 day moving average price of $203.98.

Regal Rexnord (NYSE:RRX) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.41. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.58 billion. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%.The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.48 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. Equities research analysts expect that Regal Rexnord will post 10.68 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Regal Rexnord’s dividend payout ratio is currently 28.87%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RRX. BlackRock Inc. acquired a new stake in shares of Regal Rexnord during the 2nd quarter worth about $1,477,356,000. Victory Capital Management Inc. boosted its holdings in Regal Rexnord by 42.6% in the fourth quarter. Victory Capital Management Inc. now owns 5,658,365 shares of the company’s stock valued at $793,983,000 after purchasing an additional 1,690,264 shares in the last quarter. Viking Global Investors LP increased its stake in Regal Rexnord by 25.7% in the second quarter. Viking Global Investors LP now owns 3,430,128 shares of the company’s stock valued at $497,231,000 after purchasing an additional 701,145 shares during the last quarter. Wellington Management Group LLP increased its stake in Regal Rexnord by 75.8% in the second quarter. Wellington Management Group LLP now owns 2,584,056 shares of the company’s stock valued at $615,496,000 after purchasing an additional 1,113,888 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Regal Rexnord by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,530,092 shares of the company’s stock worth $355,031,000 after purchasing an additional 131,171 shares in the last quarter. Hedge funds and other institutional investors own 99.72% of the company’s stock.

Regal Rexnord Company Profile

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.