Jupiter Topco LLC Buys Shares of 158,639 Regal Rexnord Corporation $RRX

Jupiter Topco LLC purchased a new stake in shares of Regal Rexnord Corporation (NYSE:RRX) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 158,639 shares of the company’s stock, valued at approximately $37,784,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its holdings in Regal Rexnord by 135.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock worth $25,000 after acquiring an additional 127 shares during the period. Covestor Ltd boosted its holdings in Regal Rexnord by 81.6% in the 4th quarter. Covestor Ltd now owns 178 shares of the company’s stock valued at $25,000 after purchasing an additional 80 shares during the period. Clearstead Trust LLC bought a new position in Regal Rexnord in the 2nd quarter valued at $25,000. Garner Asset Management Corp purchased a new position in shares of Regal Rexnord during the 4th quarter valued at $27,000. Finally, IFP Advisors Inc grew its position in shares of Regal Rexnord by 34.0% during the 4th quarter. IFP Advisors Inc now owns 193 shares of the company’s stock valued at $27,000 after purchasing an additional 49 shares in the last quarter. 99.72% of the stock is owned by hedge funds and other institutional investors.

Regal Rexnord Price Performance

Shares of NYSE:RRX opened at $164.09 on Friday. The company’s fifty day moving average price is $199.82 and its 200-day moving average price is $203.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.28 and a quick ratio of 1.16. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of 33.83, a PEG ratio of 1.23 and a beta of 1.09. Regal Rexnord Corporation has a one year low of $127.96 and a one year high of $247.80.

Regal Rexnord (NYSE:RRX) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.41. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the firm posted $2.48 EPS. The firm’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. On average, equities research analysts anticipate that Regal Rexnord Corporation will post 10.68 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.40 annualized dividend and a yield of 0.9%. Regal Rexnord’s payout ratio is 28.87%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group set a $260.00 price objective on Regal Rexnord in a research report on Monday, June 15th. Wolfe Research set a $250.00 target price on Regal Rexnord in a research report on Thursday, July 9th. Wall Street Zen lowered Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Regal Rexnord in a report on Friday, July 17th. Finally, Citigroup lifted their price target on Regal Rexnord from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Eight equities 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 has an average rating of “Moderate Buy” and an average target price of $244.92.

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.