Regal Rexnord (NYSE:RRX) Stock Price Breaks Below 50-Day Moving Average – Here’s Why

Regal Rexnord Corporation (NYSE:RRX) passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $157.83 and traded as low as $153.31. Regal Rexnord shares last traded at $157.17, with a volume of 1,293,514 shares trading hands.

Analyst Upgrades and Downgrades

RRX has been the topic of several recent research reports. Wolfe Research set a $250.00 price objective on Regal Rexnord in a research report on Thursday, July 9th. Weiss Ratings restated a “hold (c)” rating on shares of Regal Rexnord in a research report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft started coverage on Regal Rexnord in a research report on Monday, July 20th. They issued a “buy” rating and a $286.00 price objective on the stock. Oppenheimer lowered their price objective on shares of Regal Rexnord from $245.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 8th. Finally, Citigroup reduced their target price on Regal Rexnord from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $230.50.

Regal Rexnord Stock Down 3.9%

The firm has a market cap of $10.47 billion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 1.25 and a beta of 1.09. The company has a quick ratio of 1.16, a current ratio of 2.28 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average price of $157.83 and a two-hundred day moving average price of $189.26.

Regal Rexnord (NYSE:RRX) last posted its earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.41. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the business earned $2.48 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, equities research analysts expect that Regal Rexnord Corporation will post 10.64 EPS for the current year.

Regal Rexnord Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 14th. Shareholders of record on Thursday, December 31st will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, December 31st. Regal Rexnord’s dividend payout ratio (DPR) is currently 28.87%.

Institutional Trading of Regal Rexnord

Institutional investors have recently modified their holdings of the company. Engineers Gate Manager LP acquired a new stake in shares of Regal Rexnord during the second quarter worth about $11,920,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Regal Rexnord during the second quarter worth approximately $2,161,000. Medina Value Partners LLC bought a new position in shares of Regal Rexnord in the second quarter worth $12,349,675. Bank of America Corp DE lifted its stake in Regal Rexnord by 4.4% during the first quarter. Bank of America Corp DE now owns 397,219 shares of the company’s stock worth $74,383,000 after purchasing an additional 16,615 shares during the last quarter. Finally, BlackRock Inc. bought a new position in Regal Rexnord in the 2nd quarter valued at approximately $1,477,356,000. Hedge funds and other institutional investors own 99.72% of the company’s stock.

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.