Brandywine Global Investment Management LLC Acquires Shares of 225,539 Regal Rexnord Corporation $RRX

Key Points

• Brandywine Global Investment Management LLC made a significant investment in Regal Rexnord Corporation, acquiring 225,539 shares valued at approximately $25.7 million, representing about 0.34% of the company.
• Analysts are optimistic about Regal Rexnord, with multiple firms raising their price targets and maintaining a consensus rating of "buy" and an average price target of $185.25.
• Regal Rexnord has announced a quarterly dividend of $0.35 per share, which equates to an annualized dividend of $1.40 and reflects a dividend yield of 1.0%.

Brandywine Global Investment Management LLC acquired a new position in Regal Rexnord Corporation (NYSE:RRX - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 225,539 shares of the company's stock, valued at approximately $25,678,000. Brandywine Global Investment Management LLC owned approximately 0.34% of Regal Rexnord at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Regal Rexnord by 30.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,712,297 shares of the company's stock valued at $194,955,000 after purchasing an additional 396,737 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Regal Rexnord during the first quarter valued at about $741,000. Vestmark Advisory Solutions Inc. increased its holdings in shares of Regal Rexnord by 46.8% in the first quarter. Vestmark Advisory Solutions Inc. now owns 4,265 shares of the company's stock worth $486,000 after buying an additional 1,359 shares during the period. Sit Investment Associates Inc. lifted its stake in shares of Regal Rexnord by 21.6% in the 1st quarter. Sit Investment Associates Inc. now owns 12,053 shares of the company's stock valued at $1,372,000 after acquiring an additional 2,140 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Regal Rexnord by 511.9% during the 1st quarter. Russell Investments Group Ltd. now owns 132,284 shares of the company's stock valued at $15,061,000 after acquiring an additional 110,666 shares during the period. 99.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RRX has been the topic of a number of analyst reports. Citigroup reaffirmed a "buy" rating and issued a $165.00 price target (up from $145.00) on shares of Regal Rexnord in a research note on Tuesday, June 24th. The Goldman Sachs Group raised their target price on shares of Regal Rexnord from $173.00 to $195.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. KeyCorp set a $180.00 target price on shares of Regal Rexnord and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Barclays upped their price target on shares of Regal Rexnord from $160.00 to $165.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Finally, Wall Street Zen lowered shares of Regal Rexnord from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Regal Rexnord presently has an average rating of "Buy" and a consensus price target of $185.25.

Regal Rexnord Trading Down 1.0%

NYSE RRX traded down $1.39 during trading on Thursday, hitting $143.48. The company had a trading volume of 338,870 shares, compared to its average volume of 762,968. The company's fifty day moving average is $147.45 and its 200-day moving average is $132.22. Regal Rexnord Corporation has a one year low of $90.56 and a one year high of $185.28. The company has a current ratio of 2.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72. The company has a market cap of $9.52 billion, a price-to-earnings ratio of 38.11, a price-to-earnings-growth ratio of 1.50 and a beta of 1.18.

Regal Rexnord (NYSE:RRX - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $2.48 earnings per share for the quarter, beating analysts' consensus estimates of $2.42 by $0.06. Regal Rexnord had a net margin of 4.28% and a return on equity of 9.73%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm posted $2.29 EPS. The company's revenue for the quarter was down 3.3% compared to the same quarter last year. Regal Rexnord has set its FY 2025 guidance at 9.700-10.300 EPS. On average, sell-side analysts predict that Regal Rexnord Corporation will post 9.95 earnings per share for the current year.

Regal Rexnord Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.40 annualized dividend and a dividend yield of 1.0%. Regal Rexnord's dividend payout ratio is currently 37.23%.

About Regal Rexnord

Regal Rexnord Corporation manufactures and sells industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems worldwide. The Industrial Powertrain Solutions segment provides mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes, gear motors, clutches, brakes, special, and industrial powertrain components and solutions for food and beverage, bulk material handling, eCommerce/warehouse distribution, energy, mining, marine, agricultural machinery, turf and garden, and general industrial markets.