Type
|
Public |
---|---|
Traded as | NYSE:RXN |
Founded | 1891 (1891) |
Founder | Christopher Levalley |
Headquarters | 247 Freshwater Way, Milwaukee, United States |
Number of employees
|
8,000 (2016) |
Website | http://www.rexnordcorporation.com |
Rexnord Corporation is a Milwaukee, Wisconsin-based company listed on the New York Stock Exchange (NYSE: RXN). It was founded in 1891 by Christopher Levalley and incorporated in 1892 as the Chain Belt Company. It enjoyed "$67.5 million in profit and $1.9 billion in sales" in 2016. The company was the focus of a critical investigation by the New York Times .
Rexnord is a multiplatform industrial leader that serves a diverse array of global end markets.
Rexnord's Process & Motion Control platform provides high value, mission-critical solutions. Rexnord bearings, couplings and gears keep industry in motion – from power plants to mining operations. Its conveyor components help make everything from cars to food. And, Rexnord aerospace products can be found throughout aircraft from the engine to the landing gear.
Rexnord's Water Management platform aspires to provide the safest and most efficient water solutions to protect human health and the environment. Rexnord products keep water flowing in hospitals, schools, homes and businesses, and can be found in applications from roadway and roof drainage to dams and hydropower.
The company is operated in a disciplined way with the Rexnord Business System (RBS), a process-based framework for world-class operating performance and continuous improvement.
Rexnord provides direct financial support to the Rexnord Foundation and also offers an Associate Matching Gift program, which helps provide support to a wide variety of organizations. Rexnord Foundation grants and associate volunteerism focus on these areas:
Along with community support, the Rexnord Foundation awards college scholarships to the sons and daughters of U.S. associates.
Rexnord was founded as the Chain Belt Company by inventor Christopher W. Levalley at the age of 58. Levalley, along with Chain Belt co-founders F.W. Sivyer and W.A. Draves, held the first board of directors meeting on September 9, 1891. Chain Belt was incorporated in the state of Wisconsin on February 24, 1892.
In 2016, Rexnord opened its new Water Management platform headquarters in Milwaukee.
In December 2016, President-elect Donald Trump criticized the company for closing its Indianapolis operations affecting 300 out of its 8,000 employees and argued with a union representative.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2021 | 2021-10-25 | Future report Set alerts | |
Q2 2021 | 2021-07-20 | 0.58 | 0.58 |
Q4 2020 | 2021-05-10 | Future report Set alerts | |
Q1 2021 | 2021-04-27 | 0.47 | 0.47 |
Q3 2020 | 2021-02-16 | 0.39 | 0.39 |
Q2 2020 | 2020-10-27 | 0.00 | 0.00 |
Q1 2020 | 2020-07-28 | 0.36 | 0.29 |
Q4 2019 | 2020-05-12 | 0.55 | 0.23 |
Q3 2019 | 2020-01-28 | 0.48 | 0.39 |
Q2 2019 | 2019-10-29 | 0.51 | 0.46 |
2016-07-09 | Reiterated Rating | Credit Suisse Group AG | Buy | |
2016-06-23 | Downgrade | Robert W. Baird | Outperform to Neutral | $22.00 |
2016-06-10 | Reiterated Rating | Credit Suisse | Buy | |
2016-06-10 | Reiterated Rating | Credit Suisse Group AG | Buy | |
2016-05-16 | Reiterated Rating | Sterne Agee CRT | Buy | |
2016-02-04 | Lower Price Target | Credit Suisse | $25.00 to $23.00 | |
2016-02-04 | Reiterated Rating | Wedbush | Hold | $25.00 to $20.00 |
2016-02-03 | Reiterated Rating | Oppenheimer | Market Perform | |
2016-02-03 | Reiterated Rating | Oppenheimer Holdings Inc. | Market Perform | |
2016-01-19 | Lower Price Target | Barclays | Equal Weight | $18.00 to $16.00 |
2016-01-19 | Lower Price Target | Barclays PLC | Equal Weight | $18.00 to $16.00 |
2015-12-14 | Lower Price Target | Credit Suisse | Outperform | $27.00 to $25.00 |
2015-12-01 | Reiterated Rating | Oppenheimer | Market Perform | |
2015-11-03 | Initiated Coverage | SunTrust | Buy | $22.00 |
2015-11-03 | Initiated Coverage | SunTrust Banks Inc. | Buy | $22.00 |
2015-10-15 | Lower Price Target | Robert W. Baird | $21.00 | |
2015-10-15 | Downgrade | Oppenheimer | Outperform to Market Perform | $27.00 |
2015-10-05 | Downgrade | Barclays | Overweight to Equal Weight | $26.00 to $16.00 |
2015-10-02 | Lower Price Target | Bank of America | $20.00 to $17.00 | |
2015-10-02 | Lower Price Target | Bank of America Corp. | $20.00 to $17.00 | |
2015-08-06 | Lower Price Target | Robert W. Baird | Outperform | $27.00 to $26.00 |
2015-08-06 | Lower Price Target | Barclays | Overweight | $27.00 to $26.00 |
2015-08-06 | Lower Price Target | Deutsche Bank | Hold | $26.00 to $23.00 |
2015-08-06 | Lower Price Target | Oppenheimer | Outperform | $28.00 to $27.00 |
2015-08-06 | Lower Price Target | Deutsche Bank AG | Hold | $26.00 to $23.00 |
2015-08-05 | Reiterated Rating | Oppenheimer | Buy | |
2015-05-24 | Reiterated Rating | Barclays | Overweight | $29.00 to $27.00 |
2015-05-21 | Downgrade | Wedbush | Outperform to Neutral | $32.00 to $27.00 |
2015-04-09 | Downgrade | Deutsche Bank | Buy to Hold | $30.00 to $27.00 |
2015-02-05 | Lower Price Target | Barclays | Overweight | $37.00 to $30.00 |
2015-01-29 | Initiated Coverage | Sterne Agee CRT | Buy | $32.00 |
2015-01-20 | Downgrade | Goldman Sachs | Neutral to Sell | $24.00 |
2015-01-20 | Downgrade | Goldman Sachs Group Inc. | Neutral to Sell | $24.00 |
2014-12-15 | Initiated Coverage | KeyBanc | Buy | |
2014-12-15 | Initiated Coverage | KeyCorp | Buy | |
2014-10-15 | Initiated | Gabelli & Co | Buy | $36 |
2014-10-15 | Initiated Coverage | Gabelli | Buy | $36.00 |
2014-09-22 | Initiated Coverage | Oppenheimer | Outperform | $35.00 |
2014-07-15 | Boost Price Target | Robert W. Baird | $31.00 to $32.00 | |
2014-07-10 | Initiated Coverage | Deutsche Bank | Buy | $34.00 |
2014-06-04 | Boost Price Target | Wedbush | $31.00 to $33.00 | |
2014-06-04 | Upgrade | Barclays | Equal Weight to Overweight | $26.00 to $37.00 |
2014-04-23 | Downgrade | Bank of America | Neutral to Underperform | $29.00 |
2014-01-07 | Boost Price Target | Robert W. Baird | Outperform | $26.00 to $30.00 |
2014-01-06 | Upgrade | Credit Suisse | Neutral to Outperform | $22.00 to $31.00 |
2013-12-13 | Initiated Coverage | Wedbush | Outperform | |
2013-10-25 | Boost Price Target | Robert W. Baird | Outperform | $24.00 to $26.00 |
2013-10-25 | Boost Price Target | Barclays | Equal Weight | $24.00 |
2013-10-08 | Boost Price Target | Goldman Sachs | Neutral | $19.00 to $21.00 |
2013-10-07 | Boost Price Target | Barclays | Equal Weight | $21.00 to $22.00 |
2016-07-09 | Reiterated Rating | Credit Suisse Group AG | Buy | |
2016-06-23 | Downgrade | Robert W. Baird | Outperform to Neutral | $22.00 |
2016-06-10 | Reiterated Rating | Credit Suisse | Buy | |
2016-06-10 | Reiterated Rating | Credit Suisse Group AG | Buy | |
2016-05-16 | Reiterated Rating | Sterne Agee CRT | Buy |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In RXN 43 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
JANUS CAPITAL MANAGEMENT LLC | 11.98M |
Impax Asset Management LTD | 3.14M |
BlackRock Fund Advisors | 2.58M |
BlackRock Institutional Trust Company, N.A. | 2.53M |
PICTET ASSET MANAGEMENT LTD | 1.96M |
RHJ International SA | 1.90M |
OPPENHEIMER FUNDS INC | 0.95M |
PIONEER INVESTMENT MANAGEMENT INC | 0.89M |
RS INVESTMENT MANAGEMENT CO LLC | 0.82M |
TEACHERS ADVISORS INC | 0.69M |
MANAGED ACCOUNT ADVISORS LLC | 0.61M |
BlackRock Group LTD | 0.34M |
Elk Creek Partners, LLC | 0.33M |
BROADVIEW ADVISORS LLC | 0.32M |
BlackRock Investment Management, LLC | 0.32M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
SHERMAN GEORGE M Chairman of the Board | 0.72% (725128) | RXN / |
ADAMS TODD A. President & CEO | 0.17% (167719) | BMI / GNRC / RXN / |
JEYARAJAH PRAVEEN R. EVP - Corp. & Bus. Development | 0.14% (140426) | RXN / |
Stillings Matthew Pres & Group Exec - Water Mgmt | 0.09% (90037) | RXN / |
JONES PAUL W | 0.06% (60340) | AOS / FSS / RXN / TEG / WEC / |
Whaley Patricia M Vice Pres.-General Counsel | 0.05% (52427) | RXN / |
MOORE GEORGE C | 0.04% (37340) | RXN / |
CHRISTOPOUL THOMAS | 0.02% (22591) | AMTG / RECN / RXN / |
Stroup John S | 0.02% (22591) | BDC / RXN / |
Troutman Michael Chief Information Officer | 0.02% (20694) | RXN / |
BARTLETT MARK S. | 0.01% (13832) | FCN / RXN / TROW / |
STROPKI JOHN M | 0.01% (13832) | HY / LECO / RXN / SHW / |
Walker-Lee Robin A | 0.01% (13408) | RXN / TRW / |
Longren David C. | 0.01% (13223) | PII / RXN / |
CRANDALL THEODORE D | 0.01% (12525) | ROK / RXN / |
Jackson Rodney SVP-Bus.&Corp. Development | 0.01% (8895) | RXN / |
PETERSON MARK W SVP & Chief Financial Officer | 0.01% (5540) | RXN / |