Regal Rexnord (NYSE:RRX) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Regal Rexnord (NYSE:RRX) from a buy rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

A number of other brokerages have also weighed in on RRX. Wolfe Research set a $250.00 target price on shares of Regal Rexnord in a research report on Thursday, July 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Regal Rexnord in a report on Friday, July 17th. UBS Group set a $260.00 price target on Regal Rexnord in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft began coverage on Regal Rexnord in a research report on Monday, July 20th. They issued a “buy” rating and a $286.00 target price for the company. Finally, The Goldman Sachs Group set a $216.00 price target on Regal Rexnord in a research note on Wednesday, September 30th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $243.75.

Regal Rexnord Stock Up 1.0%

Shares of NYSE RRX opened at $161.48 on Friday. The company has a current ratio of 2.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66. The company has a market cap of $10.75 billion, a price-to-earnings ratio of 33.30, a PEG ratio of 1.27 and a beta of 1.09. Regal Rexnord has a 12 month low of $127.96 and a 12 month high of $247.80. The stock has a 50-day moving average price of $167.25 and a two-hundred day moving average price of $193.03.

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

Regal Rexnord Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, September 30th. Regal Rexnord’s dividend payout ratio (DPR) is 28.87%.

Institutional Trading of Regal Rexnord

Institutional investors have recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. boosted its position in shares of Regal Rexnord by 5.2% during the 4th quarter. Vontobel Holding Ltd. now owns 276,266 shares of the company’s stock worth $38,766,000 after purchasing an additional 13,564 shares in the last quarter. Bank of America Corp DE increased its position in Regal Rexnord by 4.4% in the 1st quarter. Bank of America Corp DE now owns 397,219 shares of the company’s stock valued at $74,383,000 after buying an additional 16,615 shares in the last quarter. Medina Value Partners LLC bought a new stake in Regal Rexnord in the 2nd quarter valued at about $12,349,675. BlackRock Inc. acquired a new position in Regal Rexnord during the 2nd quarter worth approximately $1,477,356,000. Finally, Engineers Gate Manager LP acquired a new position in Regal Rexnord during the 2nd quarter worth approximately $11,920,000. 99.72% of the stock is currently owned by institutional investors.

About Regal Rexnord

Regal Rexnord Corporation is a global manufacturer of industrial power, motion control and automation products. The company supplies electric motors, generators, gearboxes, bearings, couplings, clutches, brakes and related power-transmission equipment used to move, control and manage energy in industrial and commercial applications.

Its product portfolio also includes automation and motion-control technologies, conveyor and material-handling systems, precision components, and solutions designed to improve the efficiency and reliability of machinery.