Amundi Acquires 285,728 Shares of Regal Rexnord Corporation $RRX

Key Points

• Amundi increased its Regal Rexnord stake by 303.2% in the second quarter, purchasing 285,728 additional shares for a total holding of 379,954 shares valued at approximately $90.5 million. Institutional investors and hedge funds collectively own 99.72% of the company.
• Analysts maintain a positive outlook, with eight Buy ratings and three Hold ratings, an overall “Moderate Buy” consensus, and an average price target of $244.92.
• Regal Rexnord exceeded quarterly earnings expectations with EPS of $2.99 versus the $2.58 consensus, 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.

Amundi lifted its holdings in shares of Regal Rexnord Corporation (NYSE:RRX - Free Report) by 303.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 379,954 shares of the company's stock after purchasing an additional 285,728 shares during the quarter. Amundi owned 0.57% of Regal Rexnord worth $90,487,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearstead Trust LLC bought a new stake in Regal Rexnord during the second quarter worth about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Regal Rexnord in the 2nd quarter valued at approximately $27,000. Covestor Ltd lifted its holdings in shares of Regal Rexnord by 81.6% during the 4th quarter. Covestor Ltd now owns 178 shares of the company's stock worth $25,000 after acquiring an additional 80 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Regal Rexnord during the 2nd quarter worth approximately $43,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Regal Rexnord during the 2nd quarter worth approximately $43,000. 99.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RRX has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Regal Rexnord in a research note on Monday, July 20th. They issued a "buy" rating and a $286.00 price objective on the stock. Citigroup raised their target price on Regal Rexnord from $240.00 to $260.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Wolfe Research set a $250.00 price target on Regal Rexnord in a research note on Thursday, July 9th. JPMorgan Chase & Co. boosted their price target on Regal Rexnord from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Tuesday, May 26th. Finally, Wall Street Zen downgraded Regal Rexnord from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 18th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $244.92.

Regal Rexnord Stock Performance

NYSE RRX opened at $159.88 on Thursday. The firm's fifty day moving average price is $188.14 and its two-hundred day moving average price is $199.54. The stock has a market cap of $10.65 billion, a PE ratio of 32.96, a PEG ratio of 1.22 and a beta of 1.06. Regal Rexnord Corporation has a fifty-two week low of $127.96 and a fifty-two week high of $247.80. 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 (NYSE:RRX - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, beating 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 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 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. On average, equities analysts expect that Regal Rexnord Corporation will post 10.68 EPS for the current fiscal year.

Regal Rexnord Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders 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 yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Regal Rexnord's payout ratio is presently 28.87%.

About Regal Rexnord

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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