Regal Rexnord Corporation $RRX Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. cut its stake in Regal Rexnord Corporation (NYSE:RRX) by 77.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,978 shares of the company’s stock after selling 6,725 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Regal Rexnord were worth $454,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Covestor Ltd increased its stake in Regal Rexnord by 81.6% during the 4th quarter. Covestor Ltd now owns 178 shares of the company’s stock worth $25,000 after buying an additional 80 shares in the last quarter. Clearstead Trust LLC purchased a new position in shares of Regal Rexnord in the second quarter valued at approximately $25,000. Geneos Wealth Management Inc. boosted its stake in shares of 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 acquiring an additional 127 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Regal Rexnord by 34.0% in the fourth quarter. IFP Advisors Inc now owns 193 shares of the company’s stock worth $27,000 after acquiring an additional 49 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Regal Rexnord during the second quarter worth approximately $27,000. 99.72% of the stock is currently owned by institutional investors and hedge funds.

Regal Rexnord Stock Down 2.0%

NYSE RRX opened at $156.46 on Friday. The business’s fifty day simple moving average is $186.91 and its 200-day simple moving average is $199.12. 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 firm has a market cap of $10.42 billion, a PE ratio of 32.26, a P/E/G ratio of 1.19 and a beta of 1.06. Regal Rexnord Corporation has a 52 week low of $127.96 and a 52 week high of $247.80.

Regal Rexnord (NYSE:RRX) last released 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 net margin of 5.35% and a return on equity of 9.93%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the business 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. As a group, equities analysts anticipate 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. Investors 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 yield of 0.9%. Regal Rexnord’s dividend payout ratio is currently 28.87%.

Wall Street Analyst Weigh In

Several research analysts recently commented on RRX shares. DA Davidson started coverage on Regal Rexnord in a research note on Tuesday, June 16th. They issued a “buy” rating and a $260.00 price objective for the company. Citigroup lifted their target price on shares of Regal Rexnord from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Regal Rexnord in a report on Monday, July 20th. They set a “buy” rating and a $286.00 target price for the company. KeyCorp decreased their price target on shares of Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Regal Rexnord in a research report on Friday, July 17th. Eight 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 presently has a consensus rating of “Moderate Buy” and an average 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.