Nisa Investment Advisors LLC Sells 3,745 Shares of Regal Rexnord Corporation $RRX

Nisa Investment Advisors LLC lessened its holdings in Regal Rexnord Corporation (NYSE:RRX) by 39.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,753 shares of the company’s stock after selling 3,745 shares during the period. Nisa Investment Advisors LLC’s holdings in Regal Rexnord were worth $894,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Regal Rexnord during the second quarter worth $1,477,356,000. Wellington Management Group LLP raised its stake in shares of Regal Rexnord by 75.8% in the second quarter. Wellington Management Group LLP now owns 2,584,056 shares of the company’s stock valued at $615,496,000 after acquiring an additional 1,113,888 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Regal Rexnord in the second quarter valued at $449,281,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Regal Rexnord in the second quarter valued at $254,637,000. Finally, Bessemer Group Inc. boosted its holdings in Regal Rexnord by 4,155.4% in the first quarter. Bessemer Group Inc. now owns 916,054 shares of the company’s stock valued at $171,541,000 after purchasing an additional 894,527 shares during the period. Institutional investors and hedge funds own 99.72% of the company’s stock.

Analysts Set New Price Targets

RRX has been the subject of several analyst reports. Wall Street Zen raised Regal Rexnord from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup cut their price target on Regal Rexnord from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Oppenheimer reduced their price target on Regal Rexnord from $245.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Regal Rexnord in a research note on Thursday, October 15th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Regal Rexnord in a research note on Monday, July 20th. They issued a “buy” rating and a $286.00 price objective for the company. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Regal Rexnord currently has a consensus rating of “Moderate Buy” and an average target price of $230.50.

Regal Rexnord Price Performance

Shares of RRX opened at $150.54 on Tuesday. Regal Rexnord Corporation has a twelve month low of $127.96 and a twelve month high of $247.80. The firm’s fifty day simple moving average is $158.68 and its 200-day simple moving average is $189.11. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 1.18 and a beta of 1.09. The company has a current ratio of 2.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66.

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. The business 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%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous 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 10.64 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 14th. Shareholders of record on Thursday, December 31st will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, December 31st. Regal Rexnord’s payout ratio is 28.87%.

Regal Rexnord Profile

Regal Rexnord Corporation is an industrial manufacturing company that develops and produces electric motors, power transmission components, motion-control systems and other equipment used in industrial and commercial applications. Its products include motors, gearboxes, bearings, couplings, belts, chains, drives, clutches, brakes and related controls, as well as air-moving and power-management solutions.

The company serves customers across industries such as automation, material handling, food and beverage, renewable energy, heating and ventilation, agriculture, and general industrial production.