86,000 Shares in Regal Rexnord Corporation $RRX Acquired by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab purchased a new position in Regal Rexnord Corporation (NYSE:RRX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 86,000 shares of the company’s stock, valued at approximately $20,484,000. Danica Pension Livsforsikringsaktieselskab owned about 0.13% of Regal Rexnord as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Clearstead Trust LLC bought a new stake in shares of Regal Rexnord during the 2nd quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Regal Rexnord during the second quarter worth $27,000. Covestor Ltd lifted its holdings in shares of Regal Rexnord by 81.6% during the fourth quarter. Covestor Ltd now owns 178 shares of the company’s stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Regal Rexnord during the second quarter valued at $43,000. Finally, Garner Asset Management Corp acquired a new position in shares of Regal Rexnord in the 4th quarter valued at $27,000. Institutional investors own 99.72% of the company’s stock.

Insider Activity

In other news, CFO Robert Rehard sold 6,499 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were 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 represents a 18.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.63% of the stock is owned by company insiders.

Regal Rexnord Stock Performance

Shares of RRX stock opened at $172.25 on Wednesday. The company has a market capitalization of $11.47 billion, a price-to-earnings ratio of 35.52, a P/E/G ratio of 1.31 and a beta of 1.09. Regal Rexnord Corporation has a 1-year low of $127.96 and a 1-year high of $247.80. The company has a current ratio of 2.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66. The stock’s fifty day simple moving average is $206.95 and its 200-day simple moving average is $203.92.

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, 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 firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the business earned $2.48 EPS. 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. On average, sell-side analysts predict that Regal Rexnord Corporation will post 10.68 earnings per share for the current fiscal 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 issued a $0.35 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. Regal Rexnord’s dividend payout ratio is currently 28.87%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. UBS Group set a $260.00 price target on Regal Rexnord in a research note on Monday, June 15th. KeyCorp reduced their price objective on shares of Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. DA Davidson initiated coverage on shares of Regal Rexnord in a report on Tuesday, June 16th. They issued a “buy” rating and a $260.00 target price for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Regal Rexnord in a research report on Monday, July 20th. They issued a “buy” rating and a $286.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Regal Rexnord from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $244.92.

Regal Rexnord Company 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.