Canada Pension Plan Investment Board purchased a new position in shares of Regal Rexnord Corporation (NYSE:RRX – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 41,700 shares of the company’s stock, valued at approximately $9,933,000.
Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Regal Rexnord in the second quarter valued at $1,477,356,000. Bank of New York Mellon Corp purchased a new position in Regal Rexnord during the second quarter worth about $449,281,000. Victory Capital Management Inc. boosted its stake in Regal Rexnord by 42.6% in the 4th quarter. Victory Capital Management Inc. now owns 5,658,365 shares of the company’s stock worth $793,983,000 after buying an additional 1,690,264 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Regal Rexnord in the 2nd quarter worth about $254,637,000. Finally, Bessemer Group Inc. grew its holdings in Regal Rexnord by 4,155.4% in the 1st quarter. Bessemer Group Inc. now owns 916,054 shares of the company’s stock valued at $171,541,000 after buying an additional 894,527 shares during the period. Institutional investors and hedge funds own 99.72% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on RRX shares. Wolfe Research set a $250.00 price objective on shares of Regal Rexnord in a research note on Thursday, July 9th. Oppenheimer reissued an “outperform” rating on shares of Regal Rexnord in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Regal Rexnord in a report on Monday, July 20th. They issued a “buy” rating and a $286.00 target price for the company. UBS Group set a $260.00 price target on shares of Regal Rexnord in a research report on Monday, June 15th. Finally, JPMorgan Chase & Co. increased their price target on shares of Regal Rexnord from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $244.92.
Regal Rexnord Stock Performance
Shares of NYSE:RRX opened at $157.88 on Friday. The business has a 50-day moving average of $198.44 and a two-hundred day moving average of $202.91. The firm has a market capitalization of $10.51 billion, a PE ratio of 32.55, a P/E/G ratio of 1.17 and a beta of 1.09. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.28 and a quick ratio of 1.16. Regal Rexnord Corporation has a 12 month low of $127.96 and a 12 month high of $247.80.
Regal Rexnord (NYSE:RRX – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.41. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%.The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the company posted $2.48 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. As a group, research analysts forecast that Regal Rexnord Corporation will post 10.68 earnings per share for the current year.
Regal Rexnord Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Regal Rexnord’s payout ratio is 28.87%.
Regal Rexnord Company Profile
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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