Analysts Set Regal Rexnord Corporation (NYSE:RRX) Price Target at $184.63

Shares of Regal Rexnord Corporation (NYSE:RRX) have been assigned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $184.6250.

Several brokerages recently commented on RRX. Weiss Ratings reiterated a “hold (c)” rating on shares of Regal Rexnord in a report on Wednesday, October 8th. Robert W. Baird set a $212.00 price objective on shares of Regal Rexnord in a research note on Friday, October 31st. JPMorgan Chase & Co. decreased their price objective on shares of Regal Rexnord from $200.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Barclays restated an “overweight” rating and issued a $165.00 target price on shares of Regal Rexnord in a report on Monday, November 3rd. Finally, Zacks Research downgraded Regal Rexnord from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th.

Insider Transactions at Regal Rexnord

In other Regal Rexnord news, CEO Louis V. Pinkham sold 35,935 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $146.20, for a total transaction of $5,253,697.00. Following the transaction, the chief executive officer directly owned 103,262 shares in the company, valued at approximately $15,096,904.40. This represents a 25.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.82% of the company’s stock.

Institutional Trading of Regal Rexnord

Several large investors have recently made changes to their positions in RRX. Aster Capital Management DIFC Ltd acquired a new stake in Regal Rexnord in the third quarter valued at approximately $27,000. Allworth Financial LP grew its position in Regal Rexnord by 85.7% in the 2nd quarter. Allworth Financial LP now owns 195 shares of the company’s stock valued at $28,000 after purchasing an additional 90 shares during the period. Root Financial Partners LLC acquired a new stake in Regal Rexnord in the 3rd quarter valued at $28,000. SJS Investment Consulting Inc. increased its stake in Regal Rexnord by 95.1% during the 3rd quarter. SJS Investment Consulting Inc. now owns 199 shares of the company’s stock valued at $29,000 after purchasing an additional 97 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in Regal Rexnord by 135.1% during the first quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock worth $25,000 after buying an additional 127 shares during the last quarter. 99.72% of the stock is currently owned by institutional investors and hedge funds.

Regal Rexnord Stock Performance

Shares of Regal Rexnord stock opened at $145.84 on Friday. The stock has a market cap of $9.68 billion, a price-to-earnings ratio of 37.69, a P/E/G ratio of 1.52 and a beta of 1.19. Regal Rexnord has a twelve month low of $90.56 and a twelve month high of $177.48. The company’s fifty day moving average is $141.43 and its 200 day moving average is $143.77. The company has a quick ratio of 0.93, a current ratio of 2.00 and a debt-to-equity ratio of 0.72.

Regal Rexnord (NYSE:RRX) last announced its earnings results on Friday, September 8th. The company reported $2.76 EPS for the quarter. The firm had revenue of $1.85 billion for the quarter. Regal Rexnord had a return on equity of 9.75% and a net margin of 4.38%. Sell-side analysts forecast that Regal Rexnord will post 9.95 EPS for the current year.

Regal Rexnord Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, December 31st. Regal Rexnord’s payout ratio is presently 36.18%.

About Regal Rexnord

Regal Rexnord Corporation manufactures and sells industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems worldwide. The Industrial Powertrain Solutions segment provides mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes, gear motors, clutches, brakes, special, and industrial powertrain components and solutions for food and beverage, bulk material handling, eCommerce/warehouse distribution, energy, mining, marine, agricultural machinery, turf and garden, and general industrial markets.