TimesSquare Capital Management LLC Lowers Position in Regal Rexnord Corporation $RRX

TimesSquare Capital Management LLC lessened its stake in Regal Rexnord Corporation (NYSE:RRX) by 22.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 555,401 shares of the company’s stock after selling 163,692 shares during the period. Regal Rexnord comprises approximately 1.2% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 26th largest holding. TimesSquare Capital Management LLC’s holdings in Regal Rexnord were worth $77,934,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of RRX. AQR Capital Management LLC boosted its position in Regal Rexnord by 208.1% in the 1st quarter. AQR Capital Management LLC now owns 17,747 shares of the company’s stock worth $2,011,000 after purchasing an additional 11,987 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Regal Rexnord by 91.6% in the 1st quarter. Jones Financial Companies Lllp now owns 617 shares of the company’s stock worth $70,000 after purchasing an additional 295 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Regal Rexnord by 135.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock worth $25,000 after purchasing an additional 127 shares in the last quarter. Cetera Investment Advisers boosted its position in Regal Rexnord by 6.7% in the 2nd quarter. Cetera Investment Advisers now owns 3,116 shares of the company’s stock worth $452,000 after purchasing an additional 196 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Regal Rexnord in the 2nd quarter worth approximately $4,759,000. Hedge funds and other institutional investors own 99.72% of the company’s stock.

Regal Rexnord Trading Down 4.6%

Shares of NYSE:RRX opened at $188.18 on Tuesday. Regal Rexnord Corporation has a 1 year low of $127.96 and a 1 year high of $236.35. The firm has a market capitalization of $12.53 billion, a price-to-earnings ratio of 43.76, a price-to-earnings-growth ratio of 1.85 and a beta of 1.15. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.17 and a quick ratio of 1.08. The business’s 50 day moving average price is $198.93 and its 200-day moving average price is $175.53.

Regal Rexnord (NYSE:RRX) last announced its earnings results on Wednesday, May 6th. The company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.06. Regal Rexnord had a return on equity of 9.49% and a net margin of 4.78%.The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm posted $2.15 EPS. The business’s revenue was up 4.3% on a year-over-year basis. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. On average, equities research analysts forecast that Regal Rexnord Corporation will post 10.63 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.7%. Regal Rexnord’s dividend payout ratio (DPR) is 32.56%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on Regal Rexnord from $190.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Regal Rexnord in a research report on Tuesday, April 21st. Robert W. Baird set a $253.00 price objective on Regal Rexnord in a research report on Friday, February 6th. The Goldman Sachs Group upped their price objective on Regal Rexnord from $170.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Finally, Citigroup upped their price objective on Regal Rexnord from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Six equities 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.00.

Insider Activity

In other news, CEO Louis V. Pinkham sold 22,509 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $211.68, for a total transaction of $4,764,705.12. Following the transaction, the chief executive officer owned 56,749 shares in the company, valued at $12,012,628.32. This trade represents a 28.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robin A. Walker-Lee sold 1,297 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $213.85, for a total value of $277,363.45. Following the completion of the transaction, the director owned 5,503 shares in the company, valued at $1,176,816.55. The trade was a 19.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,063 shares of company stock worth $5,545,547 in the last quarter. Corporate insiders own 0.63% of the company’s stock.

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.