Rexnord Corporation (NYSE:RXN) has received an average rating of “Hold” from the eight research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $26.00.

Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Rexnord Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Rexnord Corporation in a research report on Thursday, May 18th. BidaskClub cut shares of Rexnord Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. TheStreet raised shares of Rexnord Corporation from a “c+” rating to a “b” rating in a research note on Wednesday, May 17th. Finally, Robert W. Baird set a $27.00 price objective on shares of Rexnord Corporation and gave the stock a “buy” rating in a research note on Thursday, August 24th.

In related news, insider Michael Troutman sold 22,914 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $24.15, for a total transaction of $553,373.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Verition Fund Management LLC boosted its holdings in shares of Rexnord Corporation by 3.2% during the second quarter. Verition Fund Management LLC now owns 20,939 shares of the industrial products company’s stock worth $487,000 after purchasing an additional 641 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Rexnord Corporation by 0.3% during the second quarter. California Public Employees Retirement System now owns 230,400 shares of the industrial products company’s stock worth $5,357,000 after purchasing an additional 800 shares during the period. Aperio Group LLC boosted its holdings in shares of Rexnord Corporation by 11.9% during the second quarter. Aperio Group LLC now owns 9,774 shares of the industrial products company’s stock worth $227,000 after purchasing an additional 1,043 shares during the period. Alambic Investment Management L.P. boosted its holdings in shares of Rexnord Corporation by 12.9% during the first quarter. Alambic Investment Management L.P. now owns 11,400 shares of the industrial products company’s stock worth $263,000 after purchasing an additional 1,300 shares during the period. Finally, Perigon Wealth Management LLC boosted its holdings in shares of Rexnord Corporation by 14.2% during the first quarter. Perigon Wealth Management LLC now owns 10,589 shares of the industrial products company’s stock worth $244,000 after purchasing an additional 1,320 shares during the period.

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Shares of Rexnord Corporation (NYSE RXN) traded down 0.774% on Friday, hitting $24.995. 487,127 shares of the stock were exchanged. The firm’s 50 day moving average price is $23.95 and its 200 day moving average price is $23.44. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 37.871 and a beta of 1.68. Rexnord Corporation has a one year low of $15.80 and a one year high of $25.50.

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

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.

Analyst Recommendations for Rexnord Corporation (NYSE:RXN)

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