New York Life Investment Management LLC Sells 3,663 Shares of Regal Rexnord Corporation $RRX

New York Life Investment Management LLC lessened its holdings in Regal Rexnord Corporation (NYSE:RRX) by 54.5% during the 4th quarter, HoldingsChannel reports. The firm owned 3,061 shares of the company’s stock after selling 3,663 shares during the period. New York Life Investment Management LLC’s holdings in Regal Rexnord were worth $430,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RRX. Geneos Wealth Management Inc. increased its position in Regal Rexnord by 135.1% in the first quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock worth $25,000 after purchasing an additional 127 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Regal Rexnord during the third quarter worth approximately $27,000. Garner Asset Management Corp bought a new stake in Regal Rexnord during the fourth quarter worth approximately $27,000. Root Financial Partners LLC bought a new stake in Regal Rexnord during the third quarter worth approximately $28,000. Finally, Advisory Services Network LLC bought a new stake in Regal Rexnord during the third quarter worth approximately $35,000. Institutional investors own 99.72% of the company’s stock.

Insider Transactions at Regal Rexnord

In other news, CFO Robert Rehard sold 1,289 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $223.13, for a total value of $287,614.57. Following the transaction, the chief financial officer directly owned 35,415 shares in the company, valued at approximately $7,902,148.95. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robin A. Walker-Lee sold 1,297 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $213.85, for a total transaction of $277,363.45. Following the completion of the transaction, the director owned 5,503 shares in the company, valued at approximately $1,176,816.55. The trade was a 19.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 26,063 shares of company stock worth $5,545,547. Insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on RRX. Weiss Ratings reissued a “hold (c)” rating on shares of Regal Rexnord in a research note on Tuesday, April 21st. Oppenheimer boosted their price objective on Regal Rexnord from $180.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Wall Street Zen cut shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 28th. Robert W. Baird set a $253.00 price objective on shares of Regal Rexnord in a research report on Friday, February 6th. Finally, The Goldman Sachs Group boosted their price objective on shares of Regal Rexnord from $170.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $231.00.

Regal Rexnord Trading Up 4.4%

RRX opened at $194.69 on Thursday. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of 45.28, a P/E/G ratio of 1.75 and a beta of 1.15. The stock’s 50 day moving average price is $198.90 and its 200-day moving average price is $176.13. Regal Rexnord Corporation has a one year low of $127.96 and a one year high of $236.35. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.08 and a current ratio of 2.17.

Regal Rexnord (NYSE:RRX) last released its earnings results on Wednesday, May 6th. The company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.06. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Regal Rexnord had a return on equity of 9.49% and a net margin of 4.78%.The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.15 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. On average, equities analysts forecast that Regal Rexnord Corporation will post 10.63 EPS for the current year.

Regal Rexnord Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.7%. Regal Rexnord’s dividend payout ratio is presently 32.56%.

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.