Regal Rexnord Corporation (NYSE:RRX – Get Free Report) CEO Louis Pinkham sold 22,509 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $211.68, for a total transaction of $4,764,705.12. Following the completion of the transaction, the chief executive officer directly owned 56,749 shares of the company’s stock, valued at $12,012,628.32. This represents a 28.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Regal Rexnord Price Performance
NYSE:RRX opened at $207.65 on Friday. Regal Rexnord Corporation has a 1-year low of $127.96 and a 1-year high of $236.35. The company has a current ratio of 2.17, a quick ratio of 1.08 and a debt-to-equity ratio of 0.69. The firm has a fifty day simple moving average of $199.39 and a 200 day simple moving average of $174.87. The stock has a market capitalization of $13.82 billion, a PE ratio of 48.29, a P/E/G ratio of 1.94 and a beta of 1.15.
Regal Rexnord (NYSE:RRX – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.06. Regal Rexnord had a net margin of 4.78% and a return on equity of 9.49%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the business earned $2.15 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. On average, research analysts expect that Regal Rexnord Corporation will post 10.63 EPS for the current fiscal year.
Regal Rexnord Dividend Announcement
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC grew its position in Regal Rexnord by 208.1% in the first quarter. AQR Capital Management LLC now owns 17,747 shares of the company’s stock valued at $2,011,000 after acquiring an additional 11,987 shares during the last quarter. Jones Financial Companies Lllp grew its position in Regal Rexnord by 91.6% in the first quarter. Jones Financial Companies Lllp now owns 617 shares of the company’s stock valued at $70,000 after acquiring an additional 295 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Regal Rexnord by 135.1% in the first quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock valued at $25,000 after acquiring an additional 127 shares during the last quarter. Cetera Investment Advisers grew its position in Regal Rexnord by 6.7% in the second quarter. Cetera Investment Advisers now owns 3,116 shares of the company’s stock valued at $452,000 after acquiring an additional 196 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Regal Rexnord in the second quarter valued at about $4,759,000. Institutional investors and hedge funds own 99.72% of the company’s stock.
Analyst Ratings Changes
Several brokerages have issued reports on RRX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Regal Rexnord in a report on Tuesday, April 21st. The Goldman Sachs Group raised their price target on Regal Rexnord from $170.00 to $230.00 and gave the company a “buy” rating in a report on Monday, February 9th. Wall Street Zen downgraded Regal Rexnord from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 28th. Oppenheimer raised their price target on Regal Rexnord from $180.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. raised their price target on Regal Rexnord from $190.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $231.00.
Get Our Latest Research Report on Regal Rexnord
About Regal Rexnord
Regal Rexnord Corporation (NYSE: RRX) is a global industrial manufacturer specializing in electric motors, power generation equipment and automated motion control systems. The company designs, engineers and produces a broad portfolio of products that includes energy-efficient electric motors, variable frequency drives, gearboxes, couplings, bearings and power transmission components. These offerings support critical applications in industries such as heating, ventilation and air conditioning (HVAC), refrigeration, data centers, water treatment, food and beverage processing, mining, oil and gas, and material handling.
The company’s operations are organized into multiple business segments that address distinct customer needs.
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