K2 Principal Fund L.P. Purchases Shares of 4,000 Regal Rexnord Corporation $RRX

K2 Principal Fund L.P. acquired a new position in shares of Regal Rexnord Corporation (NYSE:RRX) during the second quarter, HoldingsChannel reports. The institutional investor acquired 4,000 shares of the company’s stock, valued at approximately $953,000.

Other institutional investors have also modified their holdings of the company. Covestor Ltd boosted its holdings in shares of 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 buying an additional 80 shares in the last quarter. Clearstead Trust LLC purchased a new position in shares of Regal Rexnord in the 2nd quarter valued at $25,000. Geneos Wealth Management Inc. raised its stake 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 in the last quarter. Garner Asset Management Corp acquired a new stake in Regal Rexnord during the 4th quarter worth $27,000. Finally, IFP Advisors Inc lifted its position in Regal Rexnord by 34.0% in the fourth quarter. IFP Advisors Inc now owns 193 shares of the company’s stock valued at $27,000 after acquiring an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 99.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wolfe Research set a $250.00 price objective on shares of Regal Rexnord in a research note on Thursday, July 9th. Oppenheimer reiterated an “outperform” rating on shares of Regal Rexnord in a research report on Friday, July 10th. JPMorgan Chase & Co. boosted their target price on Regal Rexnord from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Citigroup upped their target price on Regal Rexnord from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Regal Rexnord in a research note on Friday, July 17th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $244.92.

Regal Rexnord Stock Down 1.3%

Shares of NYSE:RRX opened at $172.25 on Wednesday. Regal Rexnord Corporation has a fifty-two week low of $127.96 and a fifty-two week high of $247.80. The company has a quick ratio of 1.16, a current ratio of 2.28 and a debt-to-equity ratio of 0.66. The firm’s 50-day simple moving average is $206.95 and its 200-day simple moving average is $203.92. The company has a market cap of $11.47 billion, a price-to-earnings ratio of 35.52, a PEG ratio of 1.31 and a beta of 1.09.

Regal Rexnord (NYSE:RRX) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.41. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.48 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. As a group, equities research analysts predict that Regal Rexnord Corporation will post 10.68 earnings per share for the current year.

Regal Rexnord Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Regal Rexnord’s dividend payout ratio is 28.87%.

Insider Activity

In other news, CFO Robert Rehard sold 6,499 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $200.00, for a total value of $1,299,800.00. Following the completion of the sale, the chief financial officer directly owned 27,965 shares of the company’s stock, valued at $5,593,000. This trade represents a 18.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.63% of the company’s stock.

Regal Rexnord Profile

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.