Rexnord Corp (RXN): Todd A. Adams , President & CEO of Rexnord Corp sold 25,000 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $21.81 per share for a total value of $545,165.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 5, 2016, Todd A. Adams (President & CEO) sold 15,800 shares at $19.96 per share price.On Feb 8, 2016, Paul W Jones (director) purchased 20,000 shares at $17.15 per share price.Also, On Sep 8, 2015, Craig Wehr (Group Ex., President-Zurn) sold 253 shares at $19.83 per share price.On Sep 4, 2015, Mark W Peterson (CFO) purchased 2,540 shares at $19.64 per share price.
Shares of Rexnord Corp (RXN) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.52 points or -2.44% at $20.81 with 2,52,734 shares getting traded. Post opening the session at $21.22, the shares hit an intraday low of $20.75 and an intraday high of $21.43 and the price vacillated in this range throughout the day. The company has a market cap of $2,110 M and the number of outstanding shares has been calculated to be 10,13,73,147 shares. The 52-week high of Rexnord Corp is $27.728 and the 52-week low is $14.04.
Rexnord Corporation (Rexnord) is a multi-platform industrial company. The Company operates through two segments: Process & Motion Control platform and Water Management platform. The Process & Motion Control platform designs manufactures markets and services engineered mechanical components such as gears and gear drives couplings industrial bearings FlatTop and engineered chain aerospace bearings and seals under various brands including Rexnord Rex Falk and Link-Belt. The Water Management platform designs procures manufactures and markets products that provide water quality safety flow control and conservation under brands such as Zurn Wilkins VAG GA Rodney Hunt and Fontaine. The Water Management product portfolio includes specification drainage products sensor flush valves and faucet products pressure release valves sluice and slide gates butterfly and plug valves control valves and actuation systems and cross-linked polyethylene (PEX) piping.