7,634 Regal Rexnord Corporation $RRX Shares Sold by Leeward Investments LLC MA

Key Points

• Leeward Investments LLC MA reduced its Regal Rexnord stake by 3.6%, selling 7,634 shares and retaining 206,147 shares worth approximately $32.0 million. Institutional investors collectively own 99.72% of the company.
• Analyst sentiment remains favorable, with eight Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $230.50, despite several analysts lowering their targets.
• Regal Rexnord reported quarterly EPS of $2.99, exceeding estimates of $2.58, while revenue rose 4.2% year over year to $1.56 billion. The company also declared a quarterly dividend of $0.35 per share, representing a 0.9% annualized yield.

Leeward Investments LLC MA lowered its holdings in Regal Rexnord Corporation (NYSE:RRX - Free Report) by 3.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 206,147 shares of the company's stock after selling 7,634 shares during the period. Regal Rexnord comprises 1.6% of Leeward Investments LLC MA's portfolio, making the stock its 6th largest position. Leeward Investments LLC MA owned 0.31% of Regal Rexnord worth $31,975,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Regal Rexnord during the 2nd quarter worth approximately $1,477,356,000. Wellington Management Group LLP boosted its stake in shares of Regal Rexnord by 75.8% during the 2nd quarter. Wellington Management Group LLP now owns 2,584,056 shares of the company's stock valued at $615,496,000 after buying an additional 1,113,888 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Regal Rexnord during the 2nd quarter valued at approximately $449,281,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Regal Rexnord during the 2nd quarter valued at approximately $254,637,000. Finally, William Blair Investment Management LLC acquired a new stake in shares of Regal Rexnord during the second quarter worth approximately $212,260,000. Institutional investors and hedge funds own 99.72% of the company's stock.

Analysts Set New Price Targets

RRX has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Regal Rexnord from a "hold" rating to a "buy" rating in a research note on Saturday. Citigroup cut their price target on shares of Regal Rexnord from $220.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, October 12th. Weiss Ratings reiterated a "hold (c)" rating on shares of Regal Rexnord in a research note on Thursday, October 15th. KeyCorp reduced their price objective on shares of Regal Rexnord from $265.00 to $240.00 and set an "overweight" rating on the stock in a research note on Thursday, August 6th. Finally, Wolfe Research set a $250.00 price objective on shares of Regal Rexnord in a report on Thursday, July 9th. Eight investment 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 an average rating of "Moderate Buy" and an average target price of $230.50.

Regal Rexnord Stock Down 0.0%

Shares of Regal Rexnord stock opened at $147.87 on Monday. The business has a 50-day moving average price of $158.92 and a 200 day moving average price of $190.38. Regal Rexnord Corporation has a fifty-two week low of $127.96 and a fifty-two week high of $247.80. The firm has a market cap of $9.85 billion, a P/E ratio of 30.49, a P/E/G 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 - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $2.99 EPS for the quarter, topping 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 company 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 EPS. Regal Rexnord's quarterly revenue was up 4.2% compared to the same quarter last year. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, sell-side analysts forecast that Regal Rexnord Corporation will post 10.64 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

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

About Regal Rexnord

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.

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