Regal Rexnord (NYSE:RRX) Earns Hold (C) Rating from Weiss Ratings

Regal Rexnord (NYSE:RRX)‘s stock had its “hold (c)” rating reissued by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research firms also recently weighed in on RRX. The Goldman Sachs Group dropped their price target on shares of Regal Rexnord from $192.00 to $170.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th. Barclays dropped their price target on shares of Regal Rexnord from $163.00 to $161.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 16th. Citigroup reaffirmed a “buy” rating and issued a $165.00 price target (up from $145.00) on shares of Regal Rexnord in a research note on Tuesday, June 24th. Wall Street Zen downgraded shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 21st. Finally, JPMorgan Chase & Co. started coverage on shares of Regal Rexnord in a research note on Monday, September 15th. They issued an “overweight” rating and a $200.00 price target on the stock. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $181.63.

Regal Rexnord Price Performance

Shares of NYSE:RRX opened at $145.19 on Wednesday. The company’s fifty day moving average is $145.48 and its two-hundred day moving average is $135.94. 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 has a 12-month low of $90.56 and a 12-month high of $185.28. The company has a market cap of $9.64 billion, a P/E ratio of 38.61, a price-to-earnings-growth ratio of 1.48 and a beta of 1.16.

Regal Rexnord (NYSE:RRX) last announced its earnings results on Tuesday, August 5th. The company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.06. Regal Rexnord had a net margin of 4.28% and a return on equity of 9.73%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $2.29 EPS. The company’s revenue was down 3.3% on a year-over-year basis. Regal Rexnord has set its FY 2025 guidance at 9.700-10.300 EPS. Equities analysts expect that Regal Rexnord will post 9.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Regal Rexnord

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP lifted its stake in shares of Regal Rexnord by 85.7% in the second quarter. Allworth Financial LP now owns 195 shares of the company’s stock valued at $28,000 after buying an additional 90 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Regal Rexnord by 135.1% in the first quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock valued at $25,000 after buying an additional 127 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of Regal Rexnord by 106.2% in the first quarter. Golden State Wealth Management LLC now owns 268 shares of the company’s stock valued at $31,000 after buying an additional 138 shares during the period. Tobam lifted its stake in shares of Regal Rexnord by 54.8% in the second quarter. Tobam now owns 308 shares of the company’s stock valued at $45,000 after buying an additional 109 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of Regal Rexnord by 91.6% in the first quarter. Jones Financial Companies Lllp now owns 617 shares of the company’s stock valued at $70,000 after buying an additional 295 shares during the period. 99.72% of the stock is currently owned by institutional investors.

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.