Regal Rexnord Corporation $RRX Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its stake in shares of Regal Rexnord Corporation (NYSE:RRX) by 6.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,955 shares of the company’s stock after selling 4,470 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.09% of Regal Rexnord worth $9,300,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Clearstead Trust LLC purchased a new position in Regal Rexnord in the second quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Regal Rexnord in the second quarter valued at $27,000. FNY Investment Advisers LLC purchased a new stake in Regal Rexnord during the second quarter valued at about $43,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Regal Rexnord during the second quarter valued at about $43,000. Finally, EverSource Wealth Advisors LLC lifted its stake in 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 purchasing an additional 91 shares during the last quarter. 99.72% of the stock is owned by institutional investors.

Regal Rexnord Stock Performance

NYSE RRX opened at $147.87 on Friday. The company has a 50-day simple moving average of $158.92 and a two-hundred day simple moving average of $190.35. Regal Rexnord Corporation has a 12-month low of $127.96 and a 12-month high of $247.80. The firm has a market cap of $9.85 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 1.18 and a beta of 1.09. 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 (NYSE:RRX) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.58 by $0.41. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the business earned $2.48 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, equities analysts forecast that Regal Rexnord Corporation will post 10.64 EPS for the current year.

Regal Rexnord Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 14th. Investors of record on Thursday, December 31st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, December 31st. Regal Rexnord’s dividend payout ratio (DPR) is presently 28.87%.

Analysts Set New Price Targets

RRX has been the subject of a number of research reports. Wolfe Research set a $250.00 price objective on Regal Rexnord in a report on Thursday, July 9th. The Goldman Sachs Group set a $216.00 price objective on Regal Rexnord in a report on Wednesday, September 30th. KeyCorp decreased their price objective on Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating on the stock 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, October 12th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Regal Rexnord in a research note on Monday, July 20th. They issued a “buy” rating and a $286.00 target price for the company. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $230.50.

Regal Rexnord Company 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.