13 Cheap Mid-Cap Stocks to Add to Your Portfolio

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9. Regal Rexnord Corporation (NYSE:RRX)

Market Cap: $9.27 billion

Forward P/E: 14.33

Number of Hedge Fund Holders: 38

Regal Rexnord Corporation (NYSE:RRX) is one of the 13 Cheap Mid-Cap Stocks to Add to Your Portfolio. On June 23, Citi analyst Kyle Menges maintained a Buy rating on Regal Rexnord Corporation (NYSE:RRX) and raised the price target to $165 from $145. The firm stated that it updated its price targets and machinery views in accordance with the current environment.

The company’s strong financials support the optimistic outlook, as it reported diluted EPS of $0.86 in fiscal Q1 2025 and adjusted diluted EPS of $2.15 for the quarter, up 7.5% compared to the previous year.

Regal Rexnord Corporation (NYSE:RRX) delivered gains in adjusted gross margin and grew free cash flow by 32%. It also paid down $164 million of gross debt. All these factors reflect the company’s solid execution and disciplined cost management.

Regal Rexnord Corporation (NYSE:RRX) engineers and manufacturers industry powertrain solutions, factory automation sub-systems, electric motors and electronic controls, automation and mechanical power transmission components, air moving products, and specialty electrical components and systems. The company’s operations are divided into the following segments: Industrial Powertrain Solutions (IPS), Power Efficiency Solutions (PES), and Automation and Motion Control (AMC).

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