Auxano Advisors LLC Takes Position in Regal Rexnord Corporation $RRX

Auxano Advisors LLC purchased a new position in shares of Regal Rexnord Corporation (NYSE:RRX - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,970 shares of the company's stock, valued at approximately $1,660,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Regal Rexnord in the second quarter valued at $1,477,356,000. Performance Wealth Partners LLC acquired a new stake in shares of Regal Rexnord during the second quarter worth about $666,000. Deutsche Bank AG acquired a new stake in shares of Regal Rexnord during the second quarter worth about $4,462,000. Perigon Wealth Management LLC purchased a new stake in shares of Regal Rexnord in the 2nd quarter valued at about $284,000. Finally, TimesSquare Capital Management LLC acquired a new position in Regal Rexnord during the second quarter worth approximately $110,847,000. 99.72% of the stock is owned by hedge funds and other institutional investors.

Regal Rexnord Price Performance

Regal Rexnord stock opened at $174.71 on Tuesday. The company has a market cap of $11.63 billion, a P/E ratio of 36.02, a price-to-earnings-growth ratio of 1.31 and a beta of 1.09. Regal Rexnord Corporation has a one year low of $127.96 and a one year high of $247.80. The business has a fifty day moving average of $207.79 and a two-hundred day moving average of $203.82. 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 posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, topping analysts' consensus estimates of $2.58 by $0.41. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The business had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.58 billion. During the same period in the prior year, the company posted $2.48 EPS. The business'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, analysts predict that Regal Rexnord Corporation will post 10.68 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

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. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.40 annualized dividend and a yield of 0.8%. Regal Rexnord's payout ratio is currently 28.87%.

Insider Buying and Selling

In other Regal Rexnord news, CFO Robert Rehard sold 6,499 shares of the business's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $200.00, for a total transaction of $1,299,800.00. Following the sale, the chief financial officer directly owned 27,965 shares in the company, valued at approximately $5,593,000. The trade was a 18.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.63% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RRX. Wolfe Research set a $250.00 price objective on Regal Rexnord in a report on Thursday, July 9th. Weiss Ratings reissued a "hold (c)" rating on shares of Regal Rexnord in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft initiated coverage on Regal Rexnord in a research note on Monday, July 20th. They issued a "buy" rating and a $286.00 target price on the stock. UBS Group set a $260.00 target price on Regal Rexnord in a report on Monday, June 15th. Finally, JPMorgan Chase & Co. upped their price target on Regal Rexnord from $230.00 to $240.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 26th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $244.92.

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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