VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Regal Rexnord Corporation $RRX

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Regal Rexnord Corporation (NYSE:RRX) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 9,073 shares of the company’s stock, valued at approximately $2,161,000.

Several other large investors have also added to or reduced their stakes in RRX. Vontobel Holding Ltd. grew its position in shares of Regal Rexnord by 5.2% during the 4th quarter. Vontobel Holding Ltd. now owns 276,266 shares of the company’s stock worth $38,766,000 after buying an additional 13,564 shares during the period. Bank of America Corp DE lifted its position in shares of Regal Rexnord by 4.4% during the 1st quarter. Bank of America Corp DE now owns 397,219 shares of the company’s stock valued at $74,383,000 after acquiring an additional 16,615 shares during the period. Easterly Investment Partners LLC lifted its position in shares of Regal Rexnord by 719.4% during the 4th quarter. Easterly Investment Partners LLC now owns 75,354 shares of the company’s stock valued at $10,574,000 after acquiring an additional 66,158 shares during the period. BlackRock Inc. bought a new position in Regal Rexnord during the second quarter worth $1,477,356,000. Finally, Medina Value Partners LLC bought a new position in Regal Rexnord during the second quarter worth $12,349,675. Institutional investors and hedge funds own 99.72% of the company’s stock.

Regal Rexnord Price Performance

Shares of NYSE:RRX opened at $156.46 on Friday. 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 company has a market capitalization of $10.42 billion, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 1.19 and a beta of 1.06. Regal Rexnord Corporation has a fifty-two week low of $127.96 and a fifty-two week high of $247.80. The company’s 50-day moving average is $186.91 and its 200 day moving average is $199.12.

Regal Rexnord (NYSE:RRX) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the company earned $2.48 earnings per share. Regal Rexnord’s revenue was up 4.2% compared to the same quarter last year. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, equities research analysts forecast that Regal Rexnord Corporation will post 10.68 earnings per share for the current year.

Regal Rexnord Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.40 annualized dividend and a yield of 0.9%. Regal Rexnord’s dividend payout ratio is 28.87%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on RRX shares. Wolfe Research set a $250.00 price target on shares of Regal Rexnord in a research note on Thursday, July 9th. UBS Group set a $260.00 target price on Regal Rexnord in a research report on Monday, June 15th. Citigroup upped their price target on Regal Rexnord from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. DA Davidson began coverage on Regal Rexnord in a report on Tuesday, June 16th. They set a “buy” rating and a $260.00 price objective for the company. Finally, KeyCorp cut their target price on Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $244.92.

Regal Rexnord Profile

Regal Rexnord Corporation (NYSE: RRX) is a global manufacturer of industrial powertrain, motion control, automation and air-management products. The company develops technologies that help customers operate equipment more efficiently, reliably and safely across a range of industrial and commercial applications.

Its product portfolio includes electric motors and generators, gearboxes and geared motors, bearings, couplings, clutches, brakes, conveyor components, belting, automation systems, power-transmission products, fans and blowers.