California State Teachers Retirement System Acquires 461 Shares of Regal Rexnord Corporation $RRX

California State Teachers Retirement System increased its holdings in Regal Rexnord Corporation (NYSE:RRX - Free Report) by 0.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,430 shares of the company's stock after buying an additional 461 shares during the period. California State Teachers Retirement System owned about 0.11% of Regal Rexnord worth $17,490,292 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of RRX. BlackRock Inc. acquired a new position in Regal Rexnord in the 2nd quarter valued at about $1,477,356,000. Bank of New York Mellon Corp bought a new position in shares of Regal Rexnord in the 2nd quarter valued at about $449,281,000. Victory Capital Management Inc. lifted its stake in Regal Rexnord by 42.6% in the 4th quarter. Victory Capital Management Inc. now owns 5,658,365 shares of the company's stock valued at $793,983,000 after acquiring an additional 1,690,264 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Regal Rexnord by 75.8% during the second quarter. Wellington Management Group LLP now owns 2,584,056 shares of the company's stock worth $615,496,000 after buying an additional 1,113,888 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Regal Rexnord in the 2nd quarter valued at approximately $254,637,000. 99.72% of the stock is currently owned by hedge funds and other institutional investors.

Regal Rexnord Trading Down 0.5%

Shares of NYSE RRX traded down $0.71 during mid-day trading on Tuesday, reaching $153.16. The company had a trading volume of 822,002 shares, compared to its average volume of 1,141,109. The company has a current ratio of 2.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66. The stock has a market cap of $10.20 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth ratio of 1.21 and a beta of 1.06. The business's 50-day moving average is $184.50 and its 200-day moving average is $198.24. Regal Rexnord Corporation has a 52 week low of $127.96 and a 52 week high of $247.80.

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, 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 business had revenue of $1.56 billion during the quarter, compared to analysts' expectations of $1.58 billion. During the same period in the prior year, the business posted $2.48 EPS. The company's 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. Equities analysts expect that Regal Rexnord Corporation will post 10.68 earnings per share for the current year.

Regal Rexnord Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, September 30th. Regal Rexnord's dividend payout ratio is currently 28.87%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on RRX shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Regal Rexnord in a report on Friday, July 17th. JPMorgan Chase & Co. boosted their price objective on Regal Rexnord from $230.00 to $240.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 26th. Oppenheimer restated an "outperform" rating on shares of Regal Rexnord in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft assumed coverage on Regal Rexnord in a report on Monday, July 20th. They set a "buy" rating and a $286.00 price objective on the stock. Finally, KeyCorp reduced their target price on shares of Regal Rexnord from $265.00 to $240.00 and set an "overweight" rating for the company in a research note on Thursday, August 6th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $244.92.

Regal Rexnord Profile

Regal Rexnord Corporation NYSE: RRX is a global manufacturer of industrial powertrain, motion control, automation and air-management products. The company develops technologies that help customers operate equipment more efficiently, reliably and safely across a range of industrial and commercial applications.

Its product portfolio includes electric motors and generators, gearboxes and geared motors, bearings, couplings, clutches, brakes, conveyor components, belting, automation systems, power-transmission products, fans and blowers.

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