Regal Rexnord (NYSE:RRX) Hits New 12-Month Low – What’s Next?

Regal Rexnord Co. (NYSE:RRX)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $111.15 and last traded at $113.97, with a volume of 58717 shares trading hands. The stock had previously closed at $117.68.

Analyst Ratings Changes

RRX has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price target on Regal Rexnord from $191.00 to $213.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. StockNews.com lowered Regal Rexnord from a “buy” rating to a “hold” rating in a research note on Monday. Jefferies Financial Group assumed coverage on Regal Rexnord in a research report on Thursday, December 12th. They set a “buy” rating and a $215.00 target price for the company. Citigroup cut their price target on shares of Regal Rexnord from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Barclays decreased their price objective on shares of Regal Rexnord from $160.00 to $155.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Regal Rexnord currently has an average rating of “Moderate Buy” and a consensus target price of $195.13.

Regal Rexnord Stock Up 0.8 %

The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 2.26. The firm’s fifty day simple moving average is $134.26 and its 200 day simple moving average is $155.14. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 38.90, a P/E/G ratio of 1.37 and a beta of 1.11.

Regal Rexnord (NYSE:RRX) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.22). Regal Rexnord had a return on equity of 9.57% and a net margin of 3.25%. On average, sell-side analysts forecast that Regal Rexnord Co. will post 9.95 earnings per share for the current year.

Regal Rexnord Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a dividend of $0.35 per share. The ex-dividend date is Monday, March 31st. This represents a $1.40 annualized dividend and a dividend yield of 1.22%. Regal Rexnord’s dividend payout ratio is currently 47.46%.

Institutional Investors Weigh In On Regal Rexnord

A number of hedge funds and other institutional investors have recently bought and sold shares of RRX. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Regal Rexnord by 472.4% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 166 shares of the company’s stock worth $25,000 after acquiring an additional 137 shares in the last quarter. Bernard Wealth Management Corp. acquired a new position in Regal Rexnord during the fourth quarter worth $30,000. Aster Capital Management DIFC Ltd bought a new position in Regal Rexnord in the fourth quarter valued at $33,000. Tobam acquired a new stake in Regal Rexnord in the 4th quarter valued at $45,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Regal Rexnord by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 322 shares of the company’s stock worth $50,000 after buying an additional 153 shares during the last quarter. Institutional investors and hedge funds own 99.72% of the company’s stock.

Regal Rexnord Company Profile

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.