Regal Rexnord Corporation $RRX Stock: Formuepleje A S Increases Holdings

Formuepleje A S lifted its stake in shares of Regal Rexnord Corporation (NYSE:RRX) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,437 shares of the company’s stock after acquiring an additional 4,246 shares during the quarter. Regal Rexnord accounts for 2.0% of Formuepleje A S’s portfolio, making the stock its 14th largest holding. Formuepleje A S owned 0.22% of Regal Rexnord worth $22,869,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Regal Rexnord in the second quarter worth about $1,477,356,000. Bank of New York Mellon Corp bought a new stake in Regal Rexnord during the second quarter worth approximately $449,281,000. Wellington Management Group LLP grew its holdings in Regal Rexnord by 75.8% during the second quarter. Wellington Management Group LLP now owns 2,584,056 shares of the company’s stock valued at $615,496,000 after purchasing an additional 1,113,888 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Regal Rexnord in the second quarter valued at approximately $254,637,000. Finally, Bessemer Group Inc. lifted its stake in shares of Regal Rexnord by 4,155.4% in the first quarter. Bessemer Group Inc. now owns 916,054 shares of the company’s stock worth $171,541,000 after buying an additional 894,527 shares during the last quarter. 99.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on RRX shares. Oppenheimer lowered their target price on shares of Regal Rexnord from $245.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 8th. Wolfe Research set a $250.00 target price on Regal Rexnord in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft assumed coverage on Regal Rexnord in a research report on Monday, July 20th. They issued a “buy” rating and a $286.00 price target on the stock. Wall Street Zen downgraded shares of Regal Rexnord from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Regal Rexnord from $240.00 to $196.00 and set an “overweight” rating for the company in a report on Friday, October 9th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $230.50.

Regal Rexnord Price Performance

Shares of RRX stock traded down $1.23 during mid-day trading on Thursday, reaching $155.83. The company’s stock had a trading volume of 669,406 shares, compared to its average volume of 1,141,517. The firm’s 50-day moving average is $161.78 and its two-hundred day moving average is $191.89. The company has a market cap of $10.38 billion, a P/E ratio of 32.15, a PEG ratio of 1.30 and a beta of 1.09. Regal Rexnord Corporation has a 1-year low of $127.96 and a 1-year high of $247.80. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 2.28.

Regal Rexnord (NYSE:RRX) last posted its earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, beating 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 business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the firm posted $2.48 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, research analysts predict that Regal Rexnord Corporation will post 10.64 earnings per share for the current year.

Regal Rexnord Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, September 30th. Regal Rexnord’s dividend payout ratio is 28.87%.

Regal Rexnord Company Profile

Regal Rexnord Corporation is a global manufacturer of industrial power, motion control and automation products. The company supplies electric motors, generators, gearboxes, bearings, couplings, clutches, brakes and related power-transmission equipment used to move, control and manage energy in industrial and commercial applications.

Its product portfolio also includes automation and motion-control technologies, conveyor and material-handling systems, precision components, and solutions designed to improve the efficiency and reliability of machinery.