Forbes  Feb 7  Comment 
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they...
DailyFinance  Jan 31  Comment 
Rexnord Corporation (NYSE:RXN)(“Rexnord”) announced today the pricing of the previously announced public offering of its common stock. Rexnord will issue and sell 3,000,000 shares of its common stock and certain funds...
Benzinga  Jan 28  Comment 
Rexnord Corporation (NYSE: RXN) (“Rexnord”) announced today that it intends to offer for sale to the public 3,000,000 shares of its common stock. In addition, certain funds affiliated with Apollo Global Management, LLC (collectively with its...
Benzinga  Jan 6  Comment 
In a report published Monday, Credit Suisse analyst Julian Mitchell upgraded Rexnord (NYSE: RXN) from Neutral to Outperform, raising its price target from $22.00 to $31.00. According to the report, since RXN's IPO, it has held a Neutral rating...
DailyFinance  Dec 16  Comment 
Rexnord (NYSE: RXN) announced today that it has acquired Precision Gear Holdings, LLC (“PGH”). PGH has two operating subsidiaries, Merit Gear LLC, located in Antigo, WI, and Precision Gear LLC, located in Twinsburg, OH....
DailyFinance  Dec 3  Comment 
Rexnord Corporation (NYSE: RXN) today announced that President and Chief Executive Officer, Todd A. Adams, and Chief Financial Officer, Mark W. Peterson, will present at the Credit Suisse Global Industrials Conference to be...
StreetInsider.com  Oct 24  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Rexnord+%28RXN%29+Tops+Q2+EPS+by+5c/8809919.html for the full story.
Benzinga  Sep 3  Comment 
Rexnord (NYSE: RXN) today announced that it has acquired the assets of LWG Specialised Plumbing Products (LWG) from Hills Holdings Limited (ASX: HIL). LWG is a leading Australia-based provider of plumbing solutions for the non-residential...
Benzinga  Jul 1  Comment 
In a report published Monday, Goldman Sachs analyst Samuel H. Eisner resumed coverage on Rexnord Corp. (NYSE: RXN) with a Neutral rating and $18.00 price target. In the report, Goldman Sachs noted, “We resume coverage of RXN at Neutral with...
StreetInsider.com  Jul 1  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/BMO+Capital+Upgrades+Rexnord+%28RXN%29+to+Outperform/8462935.html for the full story.


Rexnord Corporation (NYSE:RXN)

Business Overview

New Updates

The company's initial public offering of stock on the NYSE occurred on March 28, 2012. The company offered 23.7M shares each for $18. This was at the low end of the initial price range of $18-$20. The deal raised a total of approximately $426M. The lead mangers of the deal were BofA Merrill Lynch, Goldman, Credit Suisse, Deutsche Bank, and Barclays.[1]

Trends & Forces

  1. Renaissance Capital - IPO Home "Rexnord prices IPO at $18, low end of the range" 28 March 2012
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