25,100 Shares in Regal Rexnord Corporation $RRX Acquired by Paradigm Capital Management Inc. NY

Key Points

• Paradigm Capital Management acquired 25,100 shares of Regal Rexnord valued at approximately $5.98 million during the second quarter. Institutional investors now own 99.72% of the company.
• Analysts maintain a generally positive outlook, with eight Buy ratings and three Holds. Regal Rexnord has a consensus rating of “Moderate Buy” and an average price target of $244.92.
• The company exceeded quarterly earnings expectations, reporting $2.99 in EPS versus the $2.58 consensus, while revenue rose 4.2% year over year to $1.56 billion. Regal Rexnord also declared a quarterly dividend of $0.35 per share.

Paradigm Capital Management Inc. NY bought a new position in Regal Rexnord Corporation (NYSE:RRX - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 25,100 shares of the company's stock, valued at approximately $5,979,000.

Other large investors have also recently bought and sold shares of the company. Algert Global LLC grew its position in shares of Regal Rexnord by 364.4% during the 2nd quarter. Algert Global LLC now owns 25,170 shares of the company's stock valued at $5,995,000 after purchasing an additional 19,750 shares in the last quarter. Cibc World Market Inc. purchased a new stake in shares of Regal Rexnord in the second quarter worth $4,536,000. Sanctuary Advisors LLC purchased a new stake in shares of Regal Rexnord in the second quarter worth $463,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Regal Rexnord during the second quarter valued at $5,543,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new stake in Regal Rexnord during the second quarter valued at $365,000. 99.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on RRX shares. DA Davidson started coverage on Regal Rexnord in a research note on Tuesday, June 16th. They issued a "buy" rating and a $260.00 target price on the stock. 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. Weiss Ratings reiterated a "hold (c)" rating on shares of Regal Rexnord in a research report on Friday, July 17th. Citigroup boosted their price objective on Regal Rexnord from $240.00 to $260.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Finally, Oppenheimer restated an "outperform" rating on shares of Regal Rexnord in a research report on Friday, July 10th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Regal Rexnord currently has a consensus rating of "Moderate Buy" and an average price target of $244.92.

Regal Rexnord Stock Down 1.8%

Shares of NYSE:RRX opened at $163.17 on Tuesday. The firm has a market capitalization of $10.87 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 1.24 and a beta of 1.09. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 2.28. Regal Rexnord Corporation has a 52-week low of $127.96 and a 52-week high of $247.80. The firm has a fifty day moving average of $203.39 and a 200 day moving average of $203.93.

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

Regal Rexnord Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Regal Rexnord's dividend payout ratio (DPR) is currently 28.87%.

Regal Rexnord Company 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.

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