Regal Rexnord Corporation $RRX Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Regal Rexnord Corporation (NYSE:RRX) by 65.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,797 shares of the company’s stock after acquiring an additional 710 shares during the period. GAMMA Investing LLC’s holdings in Regal Rexnord were worth $260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of RRX. Geneos Wealth Management Inc. lifted its position in shares of Regal Rexnord by 135.1% during the 1st 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 period. Golden State Wealth Management LLC raised its position in shares of Regal Rexnord by 106.2% during the 1st quarter. Golden State Wealth Management LLC now owns 268 shares of the company’s stock worth $31,000 after purchasing an additional 138 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Regal Rexnord by 91.6% during the 1st quarter. Jones Financial Companies Lllp now owns 617 shares of the company’s stock worth $70,000 after purchasing an additional 295 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Regal Rexnord during the 1st quarter worth approximately $81,000. Finally, Signaturefd LLC raised its position in shares of Regal Rexnord by 25.5% during the 1st quarter. Signaturefd LLC now owns 911 shares of the company’s stock worth $104,000 after purchasing an additional 185 shares during the last quarter. 99.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. KeyCorp set a $180.00 price objective on Regal Rexnord and gave the stock an “overweight” rating in a research report on Thursday, June 26th. JPMorgan Chase & Co. assumed coverage on Regal Rexnord in a research report on Monday, September 15th. They set an “overweight” rating and a $200.00 price objective for the company. Citigroup restated a “buy” rating and set a $165.00 price objective (up from $145.00) on shares of Regal Rexnord in a research report on Tuesday, June 24th. The Goldman Sachs Group cut their price objective on Regal Rexnord from $192.00 to $170.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. Finally, Wall Street Zen cut shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 21st. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Regal Rexnord has an average rating of “Buy” and a consensus price target of $181.63.

Regal Rexnord Price Performance

RRX opened at $143.91 on Friday. Regal Rexnord Corporation has a 1 year low of $90.56 and a 1 year high of $185.28. The company’s 50 day simple moving average is $147.00 and its 200 day simple moving average is $134.45. The stock has a market capitalization of $9.55 billion, a PE ratio of 38.27, a P/E/G ratio of 1.45 and a beta of 1.18. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 2.00.

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

Regal Rexnord Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, 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 1.0%. The ex-dividend date of this dividend is Tuesday, September 30th. Regal Rexnord’s payout ratio is 37.23%.

Regal Rexnord 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.