JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Regal Rexnord (NYSE:RRX) Stock

Regal Rexnord (NYSE:RRX) had its price target raised by stock analysts at JPMorgan Chase & Co. from $190.00 to $230.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 8.55% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Regal Rexnord in a research report on Thursday, January 22nd. Oppenheimer increased their price objective on shares of Regal Rexnord from $180.00 to $225.00 and gave the company an “outperform” rating in a report on Friday. Zacks Research raised Regal Rexnord from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 30th. Jefferies Financial Group lowered Regal Rexnord from a “buy” rating to a “hold” rating and dropped their price target for the company from $170.00 to $160.00 in a research note on Wednesday, December 10th. Finally, Barclays reaffirmed an “overweight” rating and issued a $165.00 price objective on shares of Regal Rexnord in a research note on Monday, November 3rd. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $197.88.

Regal Rexnord Price Performance

Regal Rexnord stock traded up $11.88 during mid-day trading on Friday, hitting $211.88. The stock had a trading volume of 2,812,142 shares, compared to its average volume of 1,058,490. The company has a current ratio of 2.05, a quick ratio of 0.97 and a debt-to-equity ratio of 0.71. The firm’s 50 day moving average is $151.97 and its 200 day moving average is $146.95. The firm has a market capitalization of $14.07 billion, a P/E ratio of 50.45, a P/E/G ratio of 1.65 and a beta of 1.13. Regal Rexnord has a one year low of $90.56 and a one year high of $212.76.

Regal Rexnord (NYSE:RRX) last released its quarterly earnings data on Wednesday, February 4th. The company reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.04. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.54 billion. Regal Rexnord had a return on equity of 9.68% and a net margin of 4.71%.The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.34 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. On average, sell-side analysts forecast that Regal Rexnord will post 9.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Louis V. Pinkham sold 35,935 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $146.20, for a total value of $5,253,697.00. Following the completion of the sale, the chief executive officer directly owned 103,262 shares of the company’s stock, valued at $15,096,904.40. This represents a 25.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.82% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Regal Rexnord

Hedge funds have recently modified their holdings of the business. IFP Advisors Inc increased its holdings in Regal Rexnord by 34.0% during the fourth quarter. IFP Advisors Inc now owns 193 shares of the company’s stock valued at $27,000 after buying an additional 49 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in Regal Rexnord by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 14,855 shares of the company’s stock valued at $2,084,000 after acquiring an additional 60 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Regal Rexnord by 35.9% in the 3rd quarter. Allworth Financial LP now owns 265 shares of the company’s stock valued at $38,000 after acquiring an additional 70 shares during the period. CWM LLC increased its holdings in shares of Regal Rexnord by 7.2% in the 4th quarter. CWM LLC now owns 1,075 shares of the company’s stock valued at $151,000 after acquiring an additional 72 shares during the period. Finally, 1620 Investment Advisors Inc. raised its position in shares of Regal Rexnord by 8.6% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 944 shares of the company’s stock worth $135,000 after acquiring an additional 75 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.