Regal Rexnord (NYSE:RRX) Stock Lifted to Buy by Wall Street Zen

Regal Rexnord (NYSE:RRX) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other analysts also recently issued research reports about the stock. Citigroup lowered their target price on shares of Regal Rexnord from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Wolfe Research set a $250.00 target price on Regal Rexnord in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Regal Rexnord in a research report on Monday, July 20th. They issued a “buy” rating and a $286.00 price objective for the company. JPMorgan Chase & Co. decreased their price target on Regal Rexnord from $240.00 to $196.00 and set an “overweight” rating on the stock in a research note on Friday, October 9th. Finally, The Goldman Sachs Group set a $216.00 target price on Regal Rexnord in a report on Wednesday, September 30th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $230.50.

Regal Rexnord Trading Down 0.6%

RRX opened at $147.87 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 2.28. Regal Rexnord has a one year low of $127.96 and a one year high of $247.80. The business’s 50-day simple moving average is $158.92 and its 200-day simple moving average is $190.35. The company has a market cap of $9.85 billion, a P/E ratio of 14.61, a PEG ratio of 1.18 and a beta of 1.09.

Regal Rexnord (NYSE:RRX) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.99 EPS for the quarter, topping 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 company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the company posted $2.48 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. As a group, equities research analysts expect that Regal Rexnord will post 10.64 EPS for the current fiscal year.

Institutional Trading of Regal Rexnord

A number of large investors have recently modified their holdings of RRX. Signaturefd LLC lifted its holdings in Regal Rexnord by 16.1% in the 3rd quarter. Signaturefd LLC now owns 1,315 shares of the company’s stock valued at $204,000 after acquiring an additional 182 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new stake in shares of Regal Rexnord during the third quarter worth approximately $476,000. Tectonic Advisors LLC increased its position in Regal Rexnord by 17.2% in the 3rd quarter. Tectonic Advisors LLC now owns 3,646 shares of the company’s stock worth $566,000 after purchasing an additional 534 shares during the last quarter. Inspire Investing LLC increased its stake in shares of Regal Rexnord by 15.0% during the 3rd quarter. Inspire Investing LLC now owns 6,083 shares of the company’s stock worth $944,000 after purchasing an additional 794 shares during the last quarter. Finally, Root Financial Partners LLC bought a new stake in shares of Regal Rexnord during the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 99.72% of the company’s stock.

About Regal Rexnord

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.