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RXN $64.95

RXN target price
64.95
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Rexnord Corporation
Type
Public
Traded as NYSE:RXN
Founded 1891; 126 years ago (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.

Q reports

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

Ratings

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

Major Shareholders

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 /