4,246 Regal Rexnord Corporation $RRX Shares Acquired by Formuepleje A S

Formuepleje A S grew its holdings in Regal Rexnord Corporation (NYSE:RRX) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 147,437 shares of the company’s stock after purchasing an additional 4,246 shares during the quarter. Regal Rexnord comprises about 2.0% of Formuepleje A S’s investment portfolio, making the stock its 14th largest position. Formuepleje A S’s holdings in Regal Rexnord were worth $22,869,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RRX. Parallel Advisors LLC boosted its position in Regal Rexnord by 5.6% in the first quarter. Parallel Advisors LLC now owns 938 shares of the company’s stock valued at $176,000 after buying an additional 50 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of Regal Rexnord by 3.2% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,092 shares of the company’s stock worth $392,000 after buying an additional 65 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Regal Rexnord by 13.7% during the third quarter. Versant Capital Management Inc now owns 540 shares of the company’s stock worth $84,000 after buying an additional 65 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Regal Rexnord by 60.3% during the first quarter. EverSource Wealth Advisors LLC now owns 242 shares of the company’s stock worth $45,000 after buying an additional 91 shares in the last quarter. Finally, Mather Group LLC. lifted its stake in shares of Regal Rexnord by 13.7% in the 3rd quarter. Mather Group LLC. now owns 774 shares of the company’s stock valued at $120,000 after acquiring an additional 93 shares during the last quarter. Institutional investors and hedge funds own 99.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on RRX shares. Oppenheimer cut their price objective on Regal Rexnord from $245.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 8th. JPMorgan Chase & Co. lowered their target price on Regal Rexnord from $240.00 to $196.00 and set an “overweight” rating for the company in a report on Friday, October 9th. KeyCorp lowered their target price on Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Citigroup dropped their target price on Regal Rexnord from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Monday. Finally, Wolfe Research set a $250.00 price target on Regal Rexnord in a research note on Thursday, July 9th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $230.50.

Regal Rexnord Trading Down 0.8%

NYSE RRX traded down $1.23 on Thursday, hitting $155.83. The company’s stock had a trading volume of 669,406 shares, compared to its average volume of 1,141,517. The company has a quick ratio of 1.16, a current ratio of 2.28 and a debt-to-equity ratio of 0.66. Regal Rexnord Corporation has a 1-year low of $127.96 and a 1-year high of $247.80. The company’s 50-day moving average is $161.78 and its 200 day moving average is $191.89. The firm has a market cap of $10.38 billion, a PE ratio of 32.15, a PEG ratio of 1.30 and a beta of 1.09.

Regal Rexnord (NYSE:RRX) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.41. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.58 billion. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.48 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. As a group, analysts predict that Regal Rexnord Corporation will post 10.64 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, September 30th. Regal Rexnord’s dividend payout ratio is presently 28.87%.

About Regal Rexnord

Regal Rexnord Corporation is a global manufacturer of industrial power, motion control and automation products. The company supplies electric motors, generators, gearboxes, bearings, couplings, clutches, brakes and related power-transmission equipment used to move, control and manage energy in industrial and commercial applications.

Its product portfolio also includes automation and motion-control technologies, conveyor and material-handling systems, precision components, and solutions designed to improve the efficiency and reliability of machinery.