Balter Liquid Alternatives LLC bought a new position in shares of Rexnord Corp (NYSE:RXN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,413 shares of the industrial products company’s stock, valued at approximately $271,000.

A number of other hedge funds have also bought and sold shares of the business. Verition Fund Management LLC increased its stake in Rexnord by 3.2% during the second quarter. Verition Fund Management LLC now owns 20,939 shares of the industrial products company’s stock worth $487,000 after acquiring an additional 641 shares during the last quarter. California Public Employees Retirement System increased its stake in Rexnord by 0.3% during the second quarter. California Public Employees Retirement System now owns 230,400 shares of the industrial products company’s stock worth $5,357,000 after acquiring an additional 800 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Rexnord by 27.7% during the second quarter. Ameritas Investment Partners Inc. now owns 9,142 shares of the industrial products company’s stock worth $213,000 after acquiring an additional 1,981 shares during the last quarter. Perigon Wealth Management LLC increased its stake in Rexnord by 28.1% during the second quarter. Perigon Wealth Management LLC now owns 13,564 shares of the industrial products company’s stock worth $315,000 after acquiring an additional 2,975 shares during the last quarter. Finally, Swiss National Bank increased its stake in Rexnord by 2.4% during the fourth quarter. Swiss National Bank now owns 176,700 shares of the industrial products company’s stock worth $4,598,000 after acquiring an additional 4,100 shares during the last quarter.

Several research firms have issued reports on RXN. Zacks Investment Research raised Rexnord from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Bank of America raised Rexnord from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. KeyCorp raised their target price on Rexnord from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. UBS Group upgraded Rexnord from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 8th. Finally, Deutsche Bank set a $33.00 price target on Rexnord and gave the stock a “buy” rating in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $30.67.

Rexnord Corp (RXN) opened at $27.03 on Tuesday. Rexnord Corp has a 52-week low of $21.51 and a 52-week high of $31.44. The company has a market capitalization of $2,810.00, a price-to-earnings ratio of 21.62, a PEG ratio of 2.02 and a beta of 1.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.58 and a current ratio of 2.49.

Rexnord (NYSE:RXN) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.27 by $0.10. Rexnord had a return on equity of 13.05% and a net margin of 8.29%. The business had revenue of $492.30 million during the quarter, compared to analyst estimates of $479.66 million. During the same period last year, the business posted $0.25 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. equities research analysts predict that Rexnord Corp will post 1.33 EPS for the current year.

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Rexnord Profile

Rexnord Corporation is a multi-platform industrial company. The Company operates through two segments: Process & Motion Control platform, and Water Management platform. The Process & Motion Control platform designs, manufactures, markets and services a range of engineered mechanical components used within systems.

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Institutional Ownership by Quarter for Rexnord (NYSE:RXN)

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