J. Goldman & Co LP Acquires New Position in Regal Rexnord Corporation $RRX

J. Goldman & Co LP acquired a new stake in shares of Regal Rexnord Corporation (NYSE:RRX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 59,100 shares of the company’s stock, valued at approximately $14,077,000. J. Goldman & Co LP owned approximately 0.09% of Regal Rexnord as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in Regal Rexnord in the 2nd quarter worth approximately $1,477,356,000. Bank of New York Mellon Corp purchased a new stake in Regal Rexnord during the 2nd quarter valued at $449,281,000. Victory Capital Management Inc. boosted its stake in Regal Rexnord by 42.6% during the 4th quarter. Victory Capital Management Inc. now owns 5,658,365 shares of the company’s stock valued at $793,983,000 after purchasing an additional 1,690,264 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Regal Rexnord in the 2nd quarter worth $254,637,000. Finally, Bessemer Group Inc. raised 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 purchasing an additional 894,527 shares during the last quarter. 99.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RRX has been the subject of several research analyst reports. Oppenheimer reiterated an “outperform” rating on shares of Regal Rexnord in a report on Friday, July 10th. DA Davidson began coverage on shares of Regal Rexnord in a report on Tuesday, June 16th. They set a “buy” rating and a $260.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Regal Rexnord in a research note on Monday, July 20th. They issued a “buy” rating and a $286.00 price target for the company. Citigroup boosted their price objective on shares of Regal Rexnord from $240.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen downgraded shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Regal Rexnord has a consensus rating of “Moderate Buy” and an average price target of $244.92.

Regal Rexnord Stock Down 0.3%

Regal Rexnord stock opened at $162.20 on Wednesday. Regal Rexnord Corporation has a one year low of $127.96 and a one year high of $247.80. The stock has a fifty day moving average of $202.19 and a 200 day moving average of $203.81. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 2.28. The stock has a market cap of $10.80 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09.

Regal Rexnord (NYSE:RRX) last announced its 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. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%.The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the firm posted $2.48 earnings per share. The business’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. As a group, sell-side analysts predict that Regal Rexnord Corporation will post 10.68 EPS for the current year.

Regal Rexnord Dividend Announcement

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

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.