Regal Rexnord Corporation (NYSE:RRX) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of Regal Rexnord Corporation (NYSE:RRX) have been given an average rating of “Moderate Buy” by the eleven research firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $230.50.

A number of brokerages have recently commented on RRX. Citigroup cut their target price on shares of Regal Rexnord from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Wolfe Research set a $250.00 price target on shares of Regal Rexnord in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Regal Rexnord in a research report on Monday, July 20th. They set a “buy” rating and a $286.00 price objective on the stock. Wall Street Zen lowered shares of Regal Rexnord from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. Finally, KeyCorp dropped their price objective on shares of Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th.

Hedge Funds Weigh In On Regal Rexnord

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Regal Rexnord during the second quarter worth about $1,477,356,000. Bank of New York Mellon Corp acquired a new stake in Regal Rexnord in the second quarter valued at about $449,281,000. Wellington Management Group LLP lifted its position in Regal Rexnord by 75.8% in the second quarter. Wellington Management Group LLP now owns 2,584,056 shares of the company’s stock valued at $615,496,000 after purchasing an additional 1,113,888 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Regal Rexnord in the second quarter valued at about $254,637,000. Finally, Bessemer Group Inc. boosted its holdings in Regal Rexnord by 4,155.4% in the 1st quarter. Bessemer Group Inc. now owns 916,054 shares of the company’s stock valued at $171,541,000 after purchasing an additional 894,527 shares in the last quarter. Hedge funds and other institutional investors own 99.72% of the company’s stock.

Regal Rexnord Trading Up 2.3%

RRX opened at $157.52 on Tuesday. 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 has a 52 week low of $127.96 and a 52 week high of $247.80. The business’s 50 day moving average is $160.53 and its two-hundred day moving average is $191.32. The firm has a market cap of $10.49 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 1.23 and a beta of 1.09.

Regal Rexnord (NYSE:RRX) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.41. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.58 billion. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.48 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, research analysts predict that Regal Rexnord will post 10.64 EPS for the current year.

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.