J. Goldman & Co LP Purchases Shares of 59,100 Regal Rexnord Corporation $RRX

J. Goldman & Co LP purchased a new position in Regal Rexnord Corporation (NYSE:RRX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 59,100 shares of the company’s stock, valued at approximately $14,077,000.

Several other institutional investors have also recently made changes to their positions in RRX. Hsbc Holdings PLC purchased a new position in shares of Regal Rexnord during the 2nd quarter valued at about $690,000. Canada Pension Plan Investment Board purchased a new stake in Regal Rexnord in the 2nd quarter worth approximately $9,933,000. Castleark Management LLC purchased a new stake in Regal Rexnord in the 2nd quarter worth approximately $6,272,000. Legal & General Group Plc bought a new stake in Regal Rexnord during the 2nd quarter worth approximately $20,741,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Regal Rexnord during the second quarter valued at approximately $172,600,000. Institutional investors own 99.72% of the company’s stock.

Regal Rexnord Price Performance

RRX stock opened at $162.20 on Wednesday. Regal Rexnord Corporation has a one year low of $127.96 and a one year high of $247.80. The company’s fifty day moving average price is $202.19 and its 200-day moving average price is $203.81. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 2.28. The company has a market capitalization of $10.80 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09.

Regal Rexnord (NYSE:RRX) last posted its earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.41. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. Regal Rexnord’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $2.48 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, equities analysts anticipate that Regal Rexnord Corporation will post 10.68 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend 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 presently 28.87%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RRX. 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. Citigroup increased their price target on Regal Rexnord from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. raised their price target on Regal Rexnord from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. UBS Group set a $260.00 price objective on Regal Rexnord in a research report on Monday, June 15th. Finally, Wall Street Zen lowered Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Regal Rexnord presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.92.

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.