Steph & Co. Purchases 258 Shares of Regal Rexnord Corporation $RRX

Steph & Co. boosted its holdings in shares of Regal Rexnord Corporation (NYSE:RRX) by 5.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,181 shares of the company’s stock after purchasing an additional 258 shares during the period. Steph & Co.’s holdings in Regal Rexnord were worth $751,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers raised its holdings in shares of Regal Rexnord by 7.1% in the fourth quarter. Cetera Investment Advisers now owns 2,818 shares of the company’s stock valued at $437,000 after buying an additional 187 shares during the last quarter. Integrated Advisors Network LLC acquired a new stake in Regal Rexnord in the 4th quarter valued at about $319,000. B. Riley Wealth Advisors Inc. raised its stake in shares of Regal Rexnord by 12.5% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 2,369 shares of the company’s stock worth $368,000 after acquiring an additional 264 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Regal Rexnord during the fourth quarter worth approximately $1,427,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Regal Rexnord by 11.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,478 shares of the company’s stock valued at $540,000 after purchasing an additional 346 shares during the last quarter. Institutional investors and hedge funds own 99.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. The Goldman Sachs Group reduced their price objective on Regal Rexnord from $192.00 to $170.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. Barclays decreased their price target on Regal Rexnord from $163.00 to $161.00 and set an “overweight” rating on the stock in a report on Tuesday, September 16th. JPMorgan Chase & Co. began coverage on Regal Rexnord in a report on Monday, September 15th. They set an “overweight” rating and a $200.00 price objective for the company. KeyCorp set a $180.00 target price on shares of Regal Rexnord and gave the company an “overweight” rating in a research note on Thursday, June 26th. Finally, Wall Street Zen downgraded shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 21st. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Regal Rexnord currently has an average rating of “Buy” and an average price target of $181.63.

Regal Rexnord Price Performance

Shares of RRX stock opened at $141.10 on Friday. The firm has a market capitalization of $9.36 billion, a price-to-earnings ratio of 37.53, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. Regal Rexnord Corporation has a 12-month low of $90.56 and a 12-month high of $185.28. The company has a quick ratio of 0.93, a current ratio of 2.00 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average of $147.17 and a 200-day moving average of $134.17.

Regal Rexnord (NYSE:RRX) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.06. Regal Rexnord had a return on equity of 9.73% and a net margin of 4.28%.The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the company earned $2.29 earnings per share. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. Regal Rexnord has set its FY 2025 guidance at 9.700-10.300 EPS. On average, equities research analysts forecast that Regal Rexnord Corporation will post 9.95 earnings per share for the current year.

Regal Rexnord Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.40 annualized dividend and a dividend yield of 1.0%. Regal Rexnord’s dividend payout ratio is currently 37.23%.

Regal Rexnord Company Profile

Regal Rexnord Corporation manufactures and sells industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems worldwide. The Industrial Powertrain Solutions segment provides mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes, gear motors, clutches, brakes, special, and industrial powertrain components and solutions for food and beverage, bulk material handling, eCommerce/warehouse distribution, energy, mining, marine, agricultural machinery, turf and garden, and general industrial markets.