Regal Rexnord Corporation (NYSE:RRX) Receives $244.92 Consensus Price Target from Brokerages

Shares of Regal Rexnord Corporation (NYSE:RRX) have received a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $244.9167.

Several brokerages have commented on RRX. JPMorgan Chase & Co. upped their price target on Regal Rexnord from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft assumed coverage on Regal Rexnord in a report on Monday, July 20th. They set a “buy” rating and a $286.00 target price for the company. Citigroup increased their target price on shares of Regal Rexnord from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Oppenheimer restated an “outperform” rating on shares of Regal Rexnord in a report on Friday, July 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Regal Rexnord in a research report on Friday, July 17th.

Hedge Funds Weigh In On Regal Rexnord

Hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LP boosted its position in Regal Rexnord by 83.2% during the 2nd quarter. Corient Private Wealth LP now owns 6,398 shares of the company’s stock worth $1,583,000 after purchasing an additional 2,906 shares during the period. Formuepleje A S purchased a new position in Regal Rexnord in the second quarter valued at about $34,107,000. Amundi raised its position in Regal Rexnord by 303.2% in the second quarter. Amundi now owns 379,954 shares of the company’s stock valued at $90,487,000 after purchasing an additional 285,728 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Regal Rexnord during the second quarter worth about $2,161,000. Finally, California State Teachers Retirement System lifted its stake in shares of Regal Rexnord by 23,869.5% during the second quarter. California State Teachers Retirement System now owns 17,490,292 shares of the company’s stock worth $4,166,013,000 after purchasing an additional 17,417,323 shares in the last quarter. Institutional investors and hedge funds own 99.72% of the company’s stock.

Regal Rexnord Stock Down 3.7%

Shares of NYSE RRX opened at $157.88 on Monday. Regal Rexnord has a 52-week low of $127.96 and a 52-week high of $247.80. The firm has a fifty day moving average of $198.44 and a 200-day moving average of $202.91. The stock has a market capitalization of $10.51 billion, a PE ratio of 32.55, a P/E/G ratio of 1.22 and a beta of 1.09. The company has a quick ratio of 1.16, a current ratio of 2.28 and a debt-to-equity ratio of 0.66.

Regal Rexnord (NYSE:RRX) last issued its earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.41. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%.The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the company posted $2.48 EPS. The business’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. On average, analysts anticipate that Regal Rexnord will post 10.68 EPS for the current year.

Regal Rexnord Announces Dividend

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 $0.35 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.40 annualized dividend and a dividend yield of 0.9%. Regal Rexnord’s dividend payout ratio is presently 28.87%.

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.