The Online Investor
RXN Buyback image

Rexnord Corporation Buyback

OLI recorded this information on 2/9/2015

Company: Rexnord Corporation
Buyback: RXN buyback
$Amount Authorized: $200,000,000
Buyback Details: Rexnord Corporation (NYSE:RXN) today announced that its Board of Directors has authorized the Company to repurchase up to $200 million of the Company's common stock. The repurchases may be made in open market purchases, privately-negotiated transactions or in such other manner deemed appropriate by management. The repurchase program does not require the Company to acquire any particular amount of common stock and does not specify the timing of purchases or the prices to be paid. The Company expects the repurchase program to be funded from its operating cash flow.

Rexnord is engaged as an industrial company. Co. operates its business in two platforms: Process and Motion Control, and Water Management. Co.'s Process and Motion Control platform designs, manufactures, markets and services a range of mechanical components. Co.'s products and services are marketed and sold under brand names, including Rexnord®, Rex®, Addax®, Euroflex®, Falk®, FlatTop®, Cambridge®, Link-Belt®, Omega®, PSI®, Shafer®, Stearns®, Highfield®, Thomas®, Centa®, and Tollok™. Co.'s Water Management platform designs, procures, manufactures, and markets products that provide and improve water quality, safety, flow control and conservation.

RXN SEC Filing Email Alerts Service

Preferred: RXN.PRA


Open the RXN Page at The Online Investor »

Company Name: 
Rexnord Corp (New)
Stock buyback: 
RXN buyback
Website: 
www.rexnordcorporation.com
Sector: 
Industrial Machinery & Equipment
Number of ETFs Holding RXN: 
37
Total Market Value Held by ETFs: 
$841.30M
Total Market Capitalization: 
$6.26B
% of Market Cap. Held by ETFs: 
13.44%
 

Open the RXN Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



Strong Buy (3.60 out of 4)
63rd percentile
(ranked higher than approx. 63% of all stocks covered)

Analysts' Target Price:
RXN Stock Forecast

Based on Zacks ABR data;
powered by Xignite

RXN Buyback Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.