Man Group plc Takes $3.96 Million Position in Regal Rexnord Corporation $RRX

Man Group plc purchased a new position in Regal Rexnord Corporation (NYSE:RRX) during the second quarter, HoldingsChannel reports. The firm purchased 16,613 shares of the company’s stock, valued at approximately $3,957,000.

Several other large investors also recently modified their holdings of RRX. AQR Capital Management LLC increased its position in Regal Rexnord by 208.1% during the first quarter. AQR Capital Management LLC now owns 17,747 shares of the company’s stock valued at $2,011,000 after acquiring an additional 11,987 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Regal Rexnord by 91.6% in the first quarter. Jones Financial Companies Lllp now owns 617 shares of the company’s stock worth $70,000 after purchasing an additional 295 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Regal Rexnord by 135.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock valued at $25,000 after purchasing an additional 127 shares during the period. Cetera Investment Advisers grew its stake in shares of Regal Rexnord by 6.7% during the 2nd quarter. Cetera Investment Advisers now owns 3,116 shares of the company’s stock valued at $452,000 after purchasing an additional 196 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Regal Rexnord during the 2nd quarter valued at about $4,759,000. Institutional investors own 99.72% of the company’s stock.

Regal Rexnord Stock Up 0.3%

NYSE RRX opened at $157.88 on Monday. Regal Rexnord Corporation has a 52 week low of $127.96 and a 52 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 company has a market capitalization of $10.51 billion, a P/E ratio of 32.55, a price-to-earnings-growth ratio of 1.17 and a beta of 1.09. The stock’s 50-day moving average price is $198.44 and its 200-day moving average price is $202.81.

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

Regal Rexnord Announces Dividend

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 given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, September 30th. Regal Rexnord’s dividend payout ratio is presently 28.87%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RRX shares. DA Davidson began coverage on shares of Regal Rexnord in a research note on Tuesday, June 16th. They issued a “buy” rating and a $260.00 price objective on the stock. Citigroup upped their target price 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. UBS Group set a $260.00 price target on shares of Regal Rexnord in a research report on Monday, June 15th. JPMorgan Chase & Co. lifted their price target on shares of Regal Rexnord from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Finally, Oppenheimer reissued an “outperform” rating on shares of Regal Rexnord in a research report on Friday, July 10th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.92.

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.