Benzinga  Apr 26  Comment 
Rexnord Corporation (NYSE: RXN) revealed its decision to exit a product line in its Water Management platform and the contribution of this product line to consolidated operating results in its fourth quarter and full year. Rexnord said that as...
Forbes  Feb 9  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 dollars to make a purchase, is that...
Benzinga  Aug 12  Comment 
Wedbush analyst David Rose said that there is a "sense" that water stocks are "approaching the bottom in earnings." However, he cautioned that there are still headwinds. In total, there is a "need to replenish this backlog soon in order to drive...
Motley Fool  May 21  Comment 
Slow growth is dragging down this industrial manufacturer today.
TheStreet.com  May 21  Comment 
NEW YORK (TheStreet) -- Rexnord Corp. was downgraded to "neutral" from "outperform" at Wedbush on Thursday. The firm said it lowered its rating on the multi-platform industrial company as it sees fewer catalysts over the next year given the...


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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