Momentum Is Strong For Regal Rexnord Corp (NYSE: RRX)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Specialty Industrial Machinery industry segment, falling under the Industrials sector. The current market capitalization of Regal Rexnord Corp is $10.69B. A total of 0.89 million shares were traded on the day, compared to an average of 443.74K shares.

In the most recent transaction, Valentyn Thomas E sold 647 shares of RRX for 169.70 per share on Feb 27 ’24. After the transaction, the EVP, General Counsel & Sec.* now owns 28,412 company shares. In a previous transaction on Feb 22 ’24, Valentyn Thomas E sold 1,931 shares at 166.09 per share. RRX shares that EVP, General Counsel & Sec.* owns now total 27,180.

Among the insiders who sold shares, Valentyn Thomas E disposed of 4,124 shares on Feb 12 ’24 at a per-share price of $154.70. This resulted in the EVP, General Counsel & Sec.* holding 27,180 shares of RRX after the transaction. In another insider transaction, Morton Jerrald R sold 2,992 shares at $154.34 per share on Feb 12 ’24. Company shares held by the EVP and Pres. IPS* now total 15,884.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. RRX’s most recent ex-dividend date was 9/27/2024 when it declared a $0.35 quarterly dividend that was paid in cash on 10/11/2024. Previously, the company paid the dividend on 7/12/2024 with an ex-dividend date of 6/28/2024. The RRX stock dividend was $0.35 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, RRX has a high of $183.85 and a low of $97.18.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. RRX’s latest balance sheet shows that the firm has $672.80M in Cash & Short Term Investments as of fiscal 2021. There were $2.04B in debt and $1.10B in liabilities at the time. Its Book Value Per Share was $94.05, while its Total Shareholder’s Equity was $6.41B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RRX is Buy with a score of 4.75.

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