California State Teachers Retirement System Boosts Stock Position in Regal Rexnord Corporation $RRX

California State Teachers Retirement System lifted its stake in Regal Rexnord Corporation (NYSE:RRX) by 23,869.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 17,490,292 shares of the company’s stock after purchasing an additional 17,417,323 shares during the period. California State Teachers Retirement System owned approximately 0.26% of Regal Rexnord worth $4,166,013,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd boosted its stake in Regal Rexnord by 81.6% during the fourth quarter. Covestor Ltd now owns 178 shares of the company’s stock worth $25,000 after buying an additional 80 shares during the last quarter. Clearstead Trust LLC acquired a new stake in shares of Regal Rexnord in the 2nd quarter worth $25,000. Geneos Wealth Management Inc. raised its holdings in shares of Regal Rexnord by 135.1% during the 1st 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 period. IFP Advisors Inc raised its holdings in shares of Regal Rexnord by 34.0% during the 4th quarter. IFP Advisors Inc now owns 193 shares of the company’s stock worth $27,000 after acquiring an additional 49 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Regal Rexnord during the 2nd quarter valued at about $27,000. Hedge funds and other institutional investors own 99.72% of the company’s stock.

Wall Street Analysts Forecast Growth

RRX has been the subject of a number of analyst reports. Wolfe Research set a $250.00 price objective on shares of Regal Rexnord in a report on Thursday, July 9th. DA Davidson initiated coverage on shares of Regal Rexnord in a research note on Tuesday, June 16th. They set a “buy” rating and a $260.00 target price on the stock. Citigroup boosted their target price on shares of Regal Rexnord from $240.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of Regal Rexnord in a research note on Monday, July 20th. They issued a “buy” rating and a $286.00 price target for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Regal Rexnord in a report on Friday, July 17th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $244.92.

Regal Rexnord Stock Performance

Shares of Regal Rexnord stock opened at $159.88 on Thursday. The firm has a market cap of $10.65 billion, a PE ratio of 32.96, a price-to-earnings-growth ratio of 1.22 and a beta of 1.06. 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 52 week low of $127.96 and a 52 week high of $247.80. The business’s fifty day simple moving average is $188.14 and its 200-day simple moving average is $199.54.

Regal Rexnord (NYSE:RRX) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 9.93% and a net margin of 5.35%.The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company earned $2.48 EPS. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. Equities analysts forecast that Regal Rexnord Corporation will post 10.68 earnings per share for the current year.

Regal Rexnord Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Regal Rexnord’s dividend payout ratio (DPR) is 28.87%.

Regal Rexnord 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.