Wall Street Zen Upgrades Regal Rexnord (NYSE:RRX) to Buy

Regal Rexnord (NYSE:RRX) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.

Other research analysts also recently issued reports about the stock. Citigroup lowered their price objective on shares of Regal Rexnord from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. The Goldman Sachs Group set a $216.00 target price on shares of Regal Rexnord in a report on Wednesday, September 30th. Oppenheimer reduced their target price on shares of Regal Rexnord from $245.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft started coverage on Regal Rexnord in a research note on Monday, July 20th. They set a “buy” rating and a $286.00 price objective for the company. Finally, KeyCorp decreased their price objective on Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $230.50.

Regal Rexnord Stock Performance

Shares of RRX opened at $147.87 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 firm has a market cap of $9.85 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09. The company’s 50 day simple moving average is $158.92 and its 200-day simple moving average is $190.38. Regal Rexnord has a 12-month low of $127.96 and a 12-month high of $247.80.

Regal Rexnord (NYSE:RRX) last announced its earnings results on Wednesday, August 5th. The company reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.41. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the company posted $2.48 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. As a group, equities analysts predict that Regal Rexnord will post 10.64 EPS for the current year.

Institutional Investors Weigh In On Regal Rexnord

Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its position in shares of Regal Rexnord by 5.6% during the first quarter. Parallel Advisors LLC now owns 938 shares of the company’s stock worth $176,000 after purchasing an additional 50 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in shares of Regal Rexnord by 3.2% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,092 shares of the company’s stock worth $392,000 after purchasing an additional 65 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Regal Rexnord by 13.7% during the 3rd quarter. Versant Capital Management Inc now owns 540 shares of the company’s stock valued at $84,000 after buying an additional 65 shares during the period. EverSource Wealth Advisors LLC boosted its position in Regal Rexnord by 60.3% during the first quarter. EverSource Wealth Advisors LLC now owns 242 shares of the company’s stock valued at $45,000 after purchasing an additional 91 shares during the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of Regal Rexnord by 13.7% during the 3rd quarter. Mather Group LLC. now owns 774 shares of the company’s stock valued at $120,000 after buying an additional 93 shares during the last quarter. Institutional investors and hedge funds own 99.72% of the company’s stock.

Regal Rexnord Company Profile

Regal Rexnord Corporation is an industrial manufacturing company that develops and produces electric motors, power transmission components, motion-control systems and other equipment used in industrial and commercial applications. Its products include motors, gearboxes, bearings, couplings, belts, chains, drives, clutches, brakes and related controls, as well as air-moving and power-management solutions.

The company serves customers across industries such as automation, material handling, food and beverage, renewable energy, heating and ventilation, agriculture, and general industrial production.