Rexnord Corporation designs, manufactures, and markets process and motion control, and water management products worldwide. It operates in two segments, Process & Motion Control Platform and Water Management Platform. The company offers table top conveying chain and related accessories, metal conveying and engineered woven metals, gearing and gear drives, conveying equipment, industrial chains, and custom assemblies; custom-engineered, application-specific miniature gearboxes, and motion control assemblies and components used in aerospace, defense, medical equipment, robotics, semiconductor, instrumentation, and satellite communications; and shaft management products, including couplings, torque limiters, electromagnetic clutches and brakes, industrial bearings, and shaft locking assemblies. It also provides aerospace components for use in door systems, engine accessories and controls, engine mounts, flight control systems, gearboxes, landing gears, and rotor pitch controls. In addition, the company offers professional grade water control and safety, water distribution and drainage, finish plumbing, and site works products primarily for nonresidential buildings. It sells products through distribution partners, independent sales representatives, plumbing wholesalers, industry-specific distributors, and sales agencies to commercial construction, institutional, infrastructure, and residential construction end market, as well as to original equipment manufacturers and end users. The company offers its products under the Rexnord, Rex, Addax, Euroflex, Falk, FlatTop, Cambridge, Link-Belt, Omega, PSI, Shafer, Stearns, Highfield, Thomas, Centa, Tollok, Zurn, Wilkins, Green Turtle, StainlessDrains.com, World Dryer, Hadrian, and JUST names. Rexnord Corporation was incorporated in 2006 and is headquartered in Milwaukee, Wisconsin.
IPO Year: 2012
Exchange: NYSE
Website: rexnordcorporation.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/10/2021 | $60.00 → $74.00 | Neutral → Buy | Goldman Sachs |
| 9/8/2021 | $60.00 → $72.00 | Overweight | Keybanc |
| 7/23/2021 | $54.00 → $60.00 | Neutral | Goldman |
| 7/22/2021 | $58.00 → $60.00 | Outperform | Oppenheimer |
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
4 - Zurn Water Solutions Corp (0001439288) (Issuer)
4 - Zurn Water Solutions Corp (0001439288) (Issuer)
4 - Zurn Water Solutions Corp (0001439288) (Issuer)
4/A - Zurn Water Solutions Corp (0001439288) (Issuer)
4/A - Zurn Water Solutions Corp (0001439288) (Issuer)
4/A - Zurn Water Solutions Corp (0001439288) (Issuer)
4/A - Zurn Water Solutions Corp (0001439288) (Issuer)
4/A - Zurn Water Solutions Corp (0001439288) (Issuer)
4/A - Zurn Water Solutions Corp (0001439288) (Issuer)
4/A - Zurn Water Solutions Corp (0001439288) (Issuer)
Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
Goldman Sachs upgraded Rexnord from Neutral to Buy and set a new price target of $74.00 from $60.00 previously
Keybanc reiterated coverage of Rexnord with a rating of Overweight and set a new price target of $72.00 from $60.00 previously
Goldman reiterated coverage of Rexnord with a rating of Neutral and set a new price target of $60.00 from $54.00 previously
Oppenheimer reiterated coverage of Rexnord with a rating of Outperform and set a new price target of $60.00 from $58.00 previously
Deutsche Bank reiterated coverage of Rexnord with a rating of Buy and set a new price target of $57.00 from $54.00 previously
Deutsche Bank Aktiengesellschaft reiterated coverage of Rexnord with a rating of Buy and set a new price target of $51.00 from $50.00 previously
Robert W. Baird reiterated coverage of Rexnord with a rating of and set a new price target of $52.00 from $43.00 previously
KeyBanc upgraded Rexnord from Sector Weight to Overweight and set a new price target of $60.00
S-8 - Zurn Water Solutions Corp (0001439288) (Filer)
8-K - Zurn Water Solutions Corp (0001439288) (Filer)
425 - Rexnord Corp (0001439288) (Subject)
425 - Rexnord Corp (0001439288) (Subject)
425 - Rexnord Corp (0001439288) (Subject)
8-K - Rexnord Corp (0001439288) (Filer)
8-K - Rexnord Corp (0001439288) (Filer)
425 - Rexnord Corp (0001439288) (Subject)
8-K - Rexnord Corp (0001439288) (Filer)
8-K - Rexnord Corp (0001439288) (Filer)
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BELOIT, Wis. & MILWAUKEE, Sept. 27, 2021 /PRNewswire/ -- Regal Beloit Corporation (NYSE:RBC) and Rexnord Corporation (NYSE:RXN) today announced additional details regarding the anticipated completion of the combination of Regal and the Process & Motion Control ("PMC") Business of Rexnord. Under the terms of the transaction, Rexnord will spin-off the PMC Business by way of a pro rata dividend (the "Spin-Off Dividend") of all of the outstanding common stock of Rexnord's wholly owned subsidiary, Land Newco, Inc. ("Land"), the owner of the PMC Business, to Rexnord stockholders as of the record date for the dividend. Immediately following the spin-off Regal will acquire Land in a stock-for-stock
BELOIT, Wis. and MILWAUKEE, Sept. 17, 2021 /PRNewswire/ -- Regal Beloit Corporation (NYSE:RBC) and Rexnord Corporation (NYSE:RXN) today announced additional details regarding the anticipated completion of the combination of Regal and the Process & Motion Control ("PMC") Business of Rexnord. Under the terms of the transaction, Rexnord will spin-off the PMC Business by way of a pro rata dividend (the "Spin-Off Dividend") of all of the outstanding common stock of Rexnord's wholly owned subsidiary, Land Newco, Inc. ("Land"), the owner of the PMC Business, to Rexnord stockholders as of the record date for the dividend. Immediately following the spin-off Regal will acquire Land in a stock-for-sto
BELOIT, Wis. and MILWAUKEE, Sept. 13, 2021 /PRNewswire/ -- Regal Beloit Corporation (NYSE:RBC) and Rexnord Corporation (NYSE:RXN) today announced that they expect to complete the proposed combination of the Process & Motion Control Business of Rexnord with Regal through a Reverse Morris Trust transaction on October 4, 2021, subject to satisfaction or waiver of the applicable closing conditions. Following completion of the transactions, (a) Regal will change its name to "Regal Rexnord Corporation" and its shares of common stock will trade on the NYSE under the ticker symbol "RRX" and (b) Rexnord Corporation will change its name to "Zurn Water Solutions Corporation" and its shares of common s
BELOIT, Wis., Sept. 1, 2021 /PRNewswire/ -- Regal Beloit Corporation (NYSE:RBC) today announced that, at a special meeting of the shareholders ("the Special Meeting") held on September 1, 2021, Regal shareholders overwhelmingly1 approved the issuance of shares of Regal common stock necessary to complete the previously announced combination of Rexnord Corporation's (NYSE:RXN) Process & Motion Control ("PMC") business with Regal in a Reverse Morris Trust transaction. In addition, Regal shareholders overwhelmingly approved the amendment and restatement of Regal's Articles of Incorporation to effect a change in the company name to "Regal Rexnord Corporation" and to increase the num
Rexnord Corporation (NYSE:RXN) ("Rexnord") today announced that its stockholders voted to approve1 the previously announced combination of Rexnord's Process & Motion Control ("PMC") Business with Regal Beloit Corporation ("Regal") in a Reverse Morris Trust transaction (the "Transaction") at the special meeting of stockholders (the "Special Meeting") held earlier today. Commenting on the Special Meeting, Rexnord Chairman, President and CEO, Todd Adams, said, "We are pleased with our stockholders' strong support for the value creation opportunity this transaction brings from the enhanced scale and significant growth opportunities created by the merger of our PMC segment with Regal as well as
BELOIT, Wisc. and MILWAUKEE, Aug. 18, 2021 /PRNewswire/ -- Regal Beloit Corporation (NYSE:RBC) and Rexnord Corporation (NYSE:RXN) today announced that Rexnord received the private letter ruling ("PLR") from the U.S. Internal Revenue Service ("IRS") in connection with the combination of Rexnord's Process & Motion Control business ("PMC") with Regal through a Reverse Morris Trust ("RMT") transaction. Commenting on receipt of the PLR, Regal CEO, Louis Pinkham said "We are excited about receipt of the IRS private letter ruling, which is a crucial milestone in the process of bringing together Regal and Rexnord PMC – two highly complementary businesses that together create a premier global provide
Call scheduled for Wednesday, July 21, 2021 at 8:00 a.m. Eastern Time Rexnord Corporation (NYSE:RXN) Second Quarter Highlights Net sales were $568 million compared with $449 million in last year's June quarter (+21% core sales(1), +3% acquisitions and divestitures, +3% foreign currency translation). Net income(2) was $73 million (diluted EPS of $0.59), compared with $36 million (diluted EPS of $0.29) in the year-ago quarter. Adjusted EPS(1) was $0.58 compared with $0.36 in the year-ago quarter. Adjusted EBITDA(1) was $133 million (23.5% of net sales) compared with $103 million (23.0% of net sales) in last year's June quarter. Net debt leverage ratio at 1.7x. Todd Adams, Chairm
Rexnord Corporation (NYSE:RXN) will hold a conference call and webcast presentation on Wednesday, July 21, 2021 at 7:00 a.m. Central Time to discuss its second quarter 2021 financial results, provide a general business update and respond to investor questions. Rexnord Chairman, President and CEO Todd Adams and Senior Vice President and CFO Mark Peterson will co-host the call and webcast. The Rexnord Corporation financial report for the second quarter ended June 30, 2021 will be released after market close on Tuesday, July 20, 2021 via a filing with the SEC on Form 8-K and will be posted on the Company's investor relations website – investors.rexnordcorporation.com. The conference call can
Rexnord Corporation (NYSE:RXN) announced today that it will participate in the KeyBanc Capital Markets' 2021 Industrials & Basic Materials Conference on June 2, 2021. About Rexnord Headquartered in Milwaukee, Wisconsin, Rexnord is comprised of two strategic platforms, Process & Motion Control and Water Management, with approximately 6,900 employees worldwide. The Process & Motion Control platform designs, manufactures, markets and services specified, highly-engineered mechanical components used within complex systems. The Water Management platform designs, procures, manufactures and markets products that provide and enhance water quality, safety, flow control and conservation. Additional
Rexnord Corporation (NYSE:RXN) announced today that its Board of Directors declared a quarterly common stock dividend of $0.09 per share payable in cash on June 7, 2021 to stockholders of record as of May 20, 2021. About Rexnord Headquartered in Milwaukee, Wisconsin, Rexnord is comprised of two strategic platforms, Process & Motion Control and Water Management, with approximately 6,900 employees worldwide. The Process & Motion Control platform designs, manufactures, markets and services specified, highly-engineered mechanical components used within complex systems. The Water Management platform designs, procures, manufactures and markets products that provide and enhance water quality, sa
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BELOIT, Wis. & MILWAUKEE, Sept. 27, 2021 /PRNewswire/ -- Regal Beloit Corporation (NYSE:RBC) and Rexnord Corporation (NYSE:RXN) today announced additional details regarding the anticipated completion of the combination of Regal and the Process & Motion Control ("PMC") Business of Rexnord. Under the terms of the transaction, Rexnord will spin-off the PMC Business by way of a pro rata dividend (the "Spin-Off Dividend") of all of the outstanding common stock of Rexnord's wholly owned subsidiary, Land Newco, Inc. ("Land"), the owner of the PMC Business, to Rexnord stockholders as of the record date for the dividend. Immediately following the spin-off Regal will acquire Land in a stock-for-stock
BELOIT, Wis. and MILWAUKEE, Sept. 17, 2021 /PRNewswire/ -- Regal Beloit Corporation (NYSE:RBC) and Rexnord Corporation (NYSE:RXN) today announced additional details regarding the anticipated completion of the combination of Regal and the Process & Motion Control ("PMC") Business of Rexnord. Under the terms of the transaction, Rexnord will spin-off the PMC Business by way of a pro rata dividend (the "Spin-Off Dividend") of all of the outstanding common stock of Rexnord's wholly owned subsidiary, Land Newco, Inc. ("Land"), the owner of the PMC Business, to Rexnord stockholders as of the record date for the dividend. Immediately following the spin-off Regal will acquire Land in a stock-for-sto
BELOIT, Wis. and MILWAUKEE, Sept. 13, 2021 /PRNewswire/ -- Regal Beloit Corporation (NYSE:RBC) and Rexnord Corporation (NYSE:RXN) today announced that they expect to complete the proposed combination of the Process & Motion Control Business of Rexnord with Regal through a Reverse Morris Trust transaction on October 4, 2021, subject to satisfaction or waiver of the applicable closing conditions. Following completion of the transactions, (a) Regal will change its name to "Regal Rexnord Corporation" and its shares of common stock will trade on the NYSE under the ticker symbol "RRX" and (b) Rexnord Corporation will change its name to "Zurn Water Solutions Corporation" and its shares of common s
BELOIT, Wis., Sept. 1, 2021 /PRNewswire/ -- Regal Beloit Corporation (NYSE:RBC) today announced that, at a special meeting of the shareholders ("the Special Meeting") held on September 1, 2021, Regal shareholders overwhelmingly1 approved the issuance of shares of Regal common stock necessary to complete the previously announced combination of Rexnord Corporation's (NYSE:RXN) Process & Motion Control ("PMC") business with Regal in a Reverse Morris Trust transaction. In addition, Regal shareholders overwhelmingly approved the amendment and restatement of Regal's Articles of Incorporation to effect a change in the company name to "Regal Rexnord Corporation" and to increase the num
BELOIT, Wisc. and MILWAUKEE, Aug. 18, 2021 /PRNewswire/ -- Regal Beloit Corporation (NYSE:RBC) and Rexnord Corporation (NYSE:RXN) today announced that Rexnord received the private letter ruling ("PLR") from the U.S. Internal Revenue Service ("IRS") in connection with the combination of Rexnord's Process & Motion Control business ("PMC") with Regal through a Reverse Morris Trust ("RMT") transaction. Commenting on receipt of the PLR, Regal CEO, Louis Pinkham said "We are excited about receipt of the IRS private letter ruling, which is a crucial milestone in the process of bringing together Regal and Rexnord PMC – two highly complementary businesses that together create a premier global provide
Call scheduled for Wednesday, July 21, 2021 at 8:00 a.m. Eastern Time Rexnord Corporation (NYSE:RXN) Second Quarter Highlights Net sales were $568 million compared with $449 million in last year's June quarter (+21% core sales(1), +3% acquisitions and divestitures, +3% foreign currency translation). Net income(2) was $73 million (diluted EPS of $0.59), compared with $36 million (diluted EPS of $0.29) in the year-ago quarter. Adjusted EPS(1) was $0.58 compared with $0.36 in the year-ago quarter. Adjusted EBITDA(1) was $133 million (23.5% of net sales) compared with $103 million (23.0% of net sales) in last year's June quarter. Net debt leverage ratio at 1.7x. Todd Adams, Chairm
Rexnord Corporation (NYSE:RXN) announced today that its Board of Directors declared a quarterly common stock dividend of $0.09 per share payable in cash on June 7, 2021 to stockholders of record as of May 20, 2021. About Rexnord Headquartered in Milwaukee, Wisconsin, Rexnord is comprised of two strategic platforms, Process & Motion Control and Water Management, with approximately 6,900 employees worldwide. The Process & Motion Control platform designs, manufactures, markets and services specified, highly-engineered mechanical components used within complex systems. The Water Management platform designs, procures, manufactures and markets products that provide and enhance water quality, sa
MILWAUKEE--(BUSINESS WIRE)--Rexnord Corporation (NYSE:RXN) December Quarter Highlights Net sales were $490 million compared with $492 million in last year’s December quarter (-2% core sales(1), +1% acquisitions and divestitures, +1% foreign currency translation). Net income(2) was $37 million (diluted EPS of $0.30), compared with $46 million (diluted EPS of $0.39) in the year-ago quarter. Adjusted EPS(1) was $0.39 compared with $0.48 in the year-ago quarter. Adjusted EBITDA(1) was $96 million (19.6% of net sales) compared with $107 million (21.8% of net sales) in last year's December quarter. Acquired Hadrian in our Water Management platform. Calendar Year 2020 Highli
BELOIT, Wis. and MILWAUKEE, Feb. 16, 2021 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) and Rexnord Corporation (NYSE: RXN) today announced that they have reached a definitive agreement whereby Rexnord will separate its Process & Motion Control ("PMC") segment by way of a tax-free spin-off to Rexnord shareholders and then immediately combine it with Regal in a Reverse Morris Trust ("RMT") transaction. Regal shareholders will own 61.4% and Rexnord shareholders will own 38.6% of the combined entity ("New Regal"), before a potential dividend to Regal shareholders and a corresponding ownership adjustment to Rexnord shareholders, sized at closing to ensure that RMT ownership requirement
MILWAUKEE--(BUSINESS WIRE)--Rexnord Corporation (NYSE:RXN) announced today that its Board of Directors declared a quarterly common stock dividend of $0.09 per share payable in cash on March 8, 2021 to stockholders of record as of February 19, 2021. About Rexnord Headquartered in Milwaukee, Wisconsin, Rexnord is comprised of two strategic platforms, Process & Motion Control and Water Management, with approximately 6,600 employees worldwide. The Process & Motion Control platform designs, manufactures, markets and services specified, highly-engineered mechanical components used within complex systems. The Water Management platform designs, procures, manufactures and markets products
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SC 13G - Rexnord Corp (0001439288) (Subject)
SC 13G/A - Rexnord Corp (0001439288) (Subject)
SC 13G/A - Rexnord Corp (0001439288) (Subject)
SC 13G/A - Rexnord Corp (0001439288) (Subject)
SC 13G/A - Rexnord Corp (0001439288) (Subject)