California State Teachers Retirement System Increases Stock Position in Regal Rexnord Corporation $RRX

Key Points

• California State Teachers Retirement System dramatically increased its Regal Rexnord stake by 23,869.5% in the second quarter, acquiring 17.4 million additional shares. It now owns approximately 26.27% of the company, valued at $4.17 billion.
• Analysts remain broadly positive, with eight Buy ratings and three Holds. Regal Rexnord has a consensus “Moderate Buy” rating and an average price target of $244.92.
• Regal Rexnord exceeded quarterly earnings expectations, reporting $2.99 in EPS versus the $2.58 consensus estimate, while revenue rose 4.2% year over year to $1.56 billion. The company also declared a quarterly dividend of $0.35 per share, equivalent to a 0.9% annual yield.

California State Teachers Retirement System boosted its position in shares of Regal Rexnord Corporation (NYSE:RRX - Free Report) by 23,869.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,490,292 shares of the company's stock after buying an additional 17,417,323 shares during the quarter. California State Teachers Retirement System owned approximately 26.27% of Regal Rexnord worth $4,166,013,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its position in shares of Regal Rexnord by 34.0% in the fourth quarter. IFP Advisors Inc now owns 193 shares of the company's stock worth $27,000 after acquiring an additional 49 shares during the period. Parallel Advisors LLC grew its position in shares of Regal Rexnord by 5.6% during the 1st quarter. Parallel Advisors LLC now owns 938 shares of the company's stock valued at $176,000 after acquiring an additional 50 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Regal Rexnord by 0.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 14,855 shares of the company's stock valued at $2,084,000 after purchasing an additional 60 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Regal Rexnord by 6.2% in the 4th quarter. UMB Bank n.a. now owns 1,023 shares of the company's stock valued at $144,000 after purchasing an additional 60 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its holdings in Regal Rexnord by 3.2% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,092 shares of the company's stock worth $392,000 after purchasing an additional 65 shares during the period. Hedge funds and other institutional investors own 99.72% of the company's stock.

Analysts Set New Price Targets

RRX has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Regal Rexnord in a report on Monday, July 20th. They issued a "buy" rating and a $286.00 price objective on the stock. Citigroup upped their target price on Regal Rexnord from $240.00 to $260.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. KeyCorp decreased their target price on Regal Rexnord from $265.00 to $240.00 and set an "overweight" rating on the stock in a research report on Thursday, August 6th. JPMorgan Chase & Co. boosted their price target on shares of Regal Rexnord from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Tuesday, May 26th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Regal Rexnord in a research report on Friday, July 17th. Eight research 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 stock presently has a consensus rating of "Moderate Buy" and an average target price of $244.92.

Regal Rexnord Stock Performance

Shares of NYSE:RRX opened at $159.88 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.28 and a quick ratio of 1.16. The business's 50 day moving average price is $188.14 and its 200-day moving average price is $199.54. The firm has a market capitalization of $10.65 billion, a PE ratio of 32.96, a P/E/G ratio of 1.22 and a beta of 1.06. Regal Rexnord Corporation has a 1 year low of $127.96 and a 1 year high of $247.80.

Regal Rexnord (NYSE:RRX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.58 by $0.41. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.58 billion. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%.The firm's revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.48 EPS. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. As a group, equities research analysts expect that Regal Rexnord Corporation will post 10.68 earnings per share 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. Stockholders of record on Wednesday, September 30th will be given 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 Wednesday, September 30th. Regal Rexnord's dividend payout ratio is 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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