Regal Rexnord Corporation (NYSE:RRX) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Regal Rexnord Corporation (NYSE:RRX) have received an average recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $231.00.

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of Regal Rexnord from $170.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Barclays lifted their price target on shares of Regal Rexnord from $237.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, March 23rd. Citigroup lifted their price target on shares of Regal Rexnord from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Robert W. Baird set a $253.00 price objective on shares of Regal Rexnord in a research note on Friday, February 6th. Finally, KeyCorp lifted their price objective on shares of Regal Rexnord from $255.00 to $265.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th.

Regal Rexnord Trading Up 4.4%

NYSE:RRX opened at $194.69 on Friday. The company has a current ratio of 2.17, a quick ratio of 1.08 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $12.96 billion, a PE ratio of 45.28, a price-to-earnings-growth ratio of 1.75 and a beta of 1.15. The firm’s 50 day moving average is $198.90 and its 200 day moving average is $176.13. Regal Rexnord has a 12 month low of $127.96 and a 12 month high of $236.35.

Regal Rexnord (NYSE:RRX) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.06. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Regal Rexnord had a net margin of 4.78% and a return on equity of 9.49%. Regal Rexnord’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.15 EPS. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. Sell-side analysts expect that Regal Rexnord will post 10.63 earnings per share for the current year.

Regal Rexnord Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, June 30th. Regal Rexnord’s payout ratio is currently 32.56%.

Insider Activity at Regal Rexnord

In related news, Director Robin A. Walker-Lee sold 1,297 shares of Regal Rexnord stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $213.85, for a total value of $277,363.45. Following the completion of the transaction, the director directly owned 5,503 shares in the company, valued at approximately $1,176,816.55. The trade was a 19.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Louis V. Pinkham sold 22,509 shares of Regal Rexnord stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $211.68, for a total transaction of $4,764,705.12. Following the completion of the transaction, the chief executive officer owned 56,749 shares of the company’s stock, valued at $12,012,628.32. This represents a 28.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 26,063 shares of company stock worth $5,545,547. Corporate insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE grew its stake 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. Janus Henderson Group PLC grew its position in shares of Regal Rexnord by 362.4% during the 1st quarter. Janus Henderson Group PLC now owns 127,677 shares of the company’s stock valued at $23,911,000 after purchasing an additional 100,067 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Regal Rexnord by 60.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 242 shares of the company’s stock valued at $45,000 after purchasing an additional 91 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Regal Rexnord by 21.7% during the 1st quarter. California State Teachers Retirement System now owns 72,969 shares of the company’s stock valued at $13,664,000 after purchasing an additional 13,026 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of Regal Rexnord by 54.5% during the 1st quarter. Royal Bank of Canada now owns 72,038 shares of the company’s stock valued at $13,489,000 after purchasing an additional 25,422 shares in the last quarter. 99.72% of the stock is currently owned by hedge funds and other institutional investors.

About Regal Rexnord

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.