Regal Rexnord Co. (NYSE:RRX – Get Rating) announced a quarterly dividend on Monday, January 23rd, Zacks reports. Stockholders of record on Friday, March 31st will be paid a dividend of 0.35 per share on Friday, April 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Thursday, March 30th.
Regal Rexnord Trading Down 0.6 %
NYSE RRX opened at $133.64 on Wednesday. The business has a 50 day simple moving average of $125.74 and a 200 day simple moving average of $133.08. Regal Rexnord has a one year low of $108.28 and a one year high of $166.40. The stock has a market capitalization of $8.84 billion, a P/E ratio of 23.58, a P/E/G ratio of 1.27 and a beta of 1.08. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.89 and a quick ratio of 1.60.
Get Regal Rexnord alerts:Regal Rexnord (NYSE:RRX – Get Rating) last announced its quarterly earnings data on Monday, October 31st. The company reported $2.66 EPS for the quarter, meeting analysts' consensus estimates of $2.66. Regal Rexnord had a return on equity of 10.91% and a net margin of 7.37%. The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.32 billion. Research analysts expect that Regal Rexnord will post 10.41 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in RRX. Point72 Hong Kong Ltd purchased a new position in shares of Regal Rexnord during the 1st quarter worth approximately $42,000. Zions Bancorporation N.A. purchased a new stake in shares of Regal Rexnord in the 1st quarter worth approximately $84,000. Covestor Ltd purchased a new stake in shares of Regal Rexnord in the 1st quarter worth approximately $106,000. Advisors Asset Management Inc. purchased a new stake in shares of Regal Rexnord in the 1st quarter worth approximately $185,000. Finally, PDT Partners LLC purchased a new stake in shares of Regal Rexnord in the 2nd quarter worth approximately $229,000. Hedge funds and other institutional investors own 99.98% of the company's stock.Analysts Set New Price Targets
A number of research firms have issued reports on RRX. Oppenheimer decreased their target price on Regal Rexnord to $180.00 in a research report on Wednesday, December 14th. Robert W. Baird reduced their target price on Regal Rexnord from $174.00 to $167.00 in a research report on Wednesday, November 2nd. Wolfe Research lowered Regal Rexnord from an "outperform" rating to a "peer perform" rating in a research note on Thursday, December 1st. Finally, StockNews.com initiated coverage on Regal Rexnord in a research note on Wednesday, October 12th. They set a "buy" rating for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Regal Rexnord has a consensus rating of "Moderate Buy" and a consensus price target of $172.60.
About Regal Rexnord
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Regal Rexnord Corporation, together with its subsidiaries, designs, manufactures, and sells industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems worldwide. It operates through four segments: Commercial Systems, Industrial Systems, Climate Solutions, and Motion Control Solutions.
Further Reading
- Get a free copy of the StockNews.com research report on Regal Rexnord (RRX)
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