Regal Rexnord Corporation (NYSE:RRX) Shares Set to Pay Quarterly Dividend of $0.35

Regal Rexnord Corporation (NYSE:RRX) announced a quarterly dividend on Wednesday, October 21st. Shareholders of record on Thursday, December 31st will be given a dividend of $0.35 per share on Thursday, January 14th. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Thursday, December 31st.

Regal Rexnord has a dividend payout ratio of 12.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Regal Rexnord to earn $12.97 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 10.8%.

Regal Rexnord Trading Down 5.7%

NYSE RRX traded down $9.08 on Thursday, hitting $149.70. The company’s stock had a trading volume of 339,131 shares, compared to its average volume of 1,137,828. 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 1-year low of $127.96 and a 1-year high of $247.80. The company’s 50-day moving average is $159.92 and its 200 day moving average is $190.89. The firm has a market cap of $9.97 billion, a PE ratio of 30.87, a PEG ratio of 1.24 and a beta of 1.09.

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

Wall Street Analysts Forecast Growth

RRX has been the subject of several analyst reports. KeyCorp lowered their target price on Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. The Goldman Sachs Group set a $216.00 price target on Regal Rexnord in a research report on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft began coverage on Regal Rexnord in a research report on Monday, July 20th. They issued a “buy” rating and a $286.00 price target on the stock. Oppenheimer decreased their price target on Regal Rexnord from $245.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 8th. Finally, Citigroup lowered their price objective on Regal Rexnord from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, October 12th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Regal Rexnord presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.50.

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.