Tandem Capital Management Corp ADV Buys 740 Shares of Regal Rexnord Corporation $RRX

Tandem Capital Management Corp ADV grew its holdings in shares of Regal Rexnord Corporation (NYSE:RRX) by 5.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 13,914 shares of the company’s stock after acquiring an additional 740 shares during the period. Tandem Capital Management Corp ADV’s holdings in Regal Rexnord were worth $2,017,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its position in shares of Regal Rexnord by 0.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 13,549 shares of the company’s stock valued at $1,543,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Regal Rexnord by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the company’s stock worth $2,711,000 after purchasing an additional 100 shares in the last quarter. Cetera Investment Advisers lifted its stake in Regal Rexnord by 3.6% in the 1st quarter. Cetera Investment Advisers now owns 2,920 shares of the company’s stock worth $332,000 after purchasing an additional 102 shares in the last quarter. Greenleaf Trust lifted its stake in Regal Rexnord by 2.1% in the 1st quarter. Greenleaf Trust now owns 5,187 shares of the company’s stock worth $591,000 after purchasing an additional 105 shares in the last quarter. Finally, Xponance Inc. grew its stake in Regal Rexnord by 1.5% in the 1st quarter. Xponance Inc. now owns 7,866 shares of the company’s stock worth $896,000 after buying an additional 120 shares in the last quarter. 99.72% of the stock is currently owned by institutional investors and hedge funds.

Regal Rexnord Stock Up 2.5%

NYSE:RRX opened at $147.58 on Thursday. The firm has a 50-day simple moving average of $145.63 and a two-hundred day simple moving average of $135.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 2.00. The firm has a market cap of $9.79 billion, a P/E ratio of 39.25, a P/E/G ratio of 1.45 and a beta of 1.16. Regal Rexnord Corporation has a fifty-two week low of $90.56 and a fifty-two week high of $185.28.

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, beating analysts’ consensus estimates of $2.42 by $0.06. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. Regal Rexnord had a net margin of 4.28% and a return on equity of 9.73%. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.29 EPS. Regal Rexnord has set its FY 2025 guidance at 9.700-10.300 EPS. Analysts predict that Regal Rexnord Corporation will post 9.95 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 30th. Regal Rexnord’s dividend payout ratio (DPR) is presently 37.23%.

Analysts Set New Price Targets

RRX has been the subject of a number of recent research reports. Citigroup restated a “buy” rating and issued a $165.00 price objective (up from $145.00) on shares of Regal Rexnord in a report on Tuesday, June 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Regal Rexnord in a research report on Wednesday. JPMorgan Chase & Co. initiated 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. The Goldman Sachs Group lowered their price target on shares of 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, Barclays lowered their price target on shares of Regal Rexnord from $163.00 to $161.00 and set an “overweight” rating for the company in a research report on Tuesday, September 16th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $181.63.

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.