NJ State Employees Deferred Compensation Plan held its position in Rexnord Corporation (NYSE:RXN) during the second quarter, according to its most recent filing with the SEC. The firm owned 15,000 shares of the industrial products company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Rexnord Corporation were worth $349,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Aperio Group LLC boosted its position in shares of Rexnord Corporation by 11.9% in the second quarter. Aperio Group LLC now owns 9,774 shares of the industrial products company’s stock valued at $227,000 after buying an additional 1,043 shares during the last quarter. Alambic Investment Management L.P. boosted its position in shares of Rexnord Corporation by 12.9% in the first quarter. Alambic Investment Management L.P. now owns 11,400 shares of the industrial products company’s stock valued at $263,000 after buying an additional 1,300 shares during the last quarter. Perigon Wealth Management LLC boosted its position in shares of Rexnord Corporation by 14.2% in the first quarter. Perigon Wealth Management LLC now owns 10,589 shares of the industrial products company’s stock valued at $244,000 after buying an additional 1,320 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Rexnord Corporation by 1.8% in the first quarter. Principal Financial Group Inc. now owns 99,776 shares of the industrial products company’s stock valued at $2,303,000 after buying an additional 1,732 shares during the last quarter. Finally, Gabelli Funds LLC boosted its position in shares of Rexnord Corporation by 6.7% in the first quarter. Gabelli Funds LLC now owns 32,000 shares of the industrial products company’s stock valued at $739,000 after buying an additional 2,000 shares during the last quarter.

Rexnord Corporation (RXN) opened at 24.50 on Thursday. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 37.12 and a beta of 1.63. Rexnord Corporation has a 12 month low of $15.80 and a 12 month high of $25.50. The company’s 50-day moving average is $23.52 and its 200 day moving average is $23.15.

Rexnord Corporation (NYSE:RXN) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Rexnord Corporation had a return on equity of 14.27% and a net margin of 4.22%. The firm had revenue of $487.70 million for the quarter, compared to analyst estimates of $484.20 million. During the same period in the prior year, the firm posted $0.35 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. Equities analysts forecast that Rexnord Corporation will post $1.27 earnings per share for the current fiscal year.

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Several research analysts have commented on RXN shares. TheStreet upgraded shares of Rexnord Corporation from a “c+” rating to a “b” rating in a report on Wednesday, May 17th. Zacks Investment Research lowered shares of Rexnord Corporation from a “hold” rating to a “sell” rating in a research report on Monday, April 24th. BidaskClub lowered shares of Rexnord Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Rexnord Corporation in a research report on Thursday, May 18th. Finally, Janney Montgomery Scott started coverage on shares of Rexnord Corporation in a research report on Friday, July 21st. They issued a “buy” rating and a $27.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Rexnord Corporation currently has a consensus rating of “Hold” and an average target price of $24.80.

About Rexnord Corporation

Rexnord Corporation is a multi-platform industrial company. The Company operates through two segments: Process & Motion Control platform, and Water Management platform. The Process & Motion Control platform designs, manufactures, markets and services a range of engineered mechanical components used within systems.

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Institutional Ownership by Quarter for Rexnord Corporation (NYSE:RXN)

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