Ceredex Value Advisors LLC Acquires Shares of 109,243 Regal Rexnord Corporation $RRX

Key Points

• Ceredex Value Advisors acquired 109,243 shares of Regal Rexnord worth approximately $26.0 million, while institutional investors collectively own 99.72% of the company.
• Analysts maintain a generally positive outlook, with eight Buy ratings and three Holds; the stock has a “Moderate Buy” consensus and an average price target of $244.92.
• Regal Rexnord exceeded quarterly EPS expectations, reporting $2.99 versus the $2.58 consensus estimate, while revenue rose 4.2% year over year. The company also declared a quarterly dividend of $0.35 per share, representing a 0.8% yield.

Ceredex Value Advisors LLC bought a new stake in shares of Regal Rexnord Corporation (NYSE:RRX - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 109,243 shares of the company's stock, valued at approximately $26,021,000. Ceredex Value Advisors LLC owned about 0.16% of Regal Rexnord as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC lifted its position in Regal Rexnord by 208.1% during the first quarter. AQR Capital Management LLC now owns 17,747 shares of the company's stock valued at $2,011,000 after purchasing an additional 11,987 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Regal Rexnord by 91.6% in the first quarter. Jones Financial Companies Lllp now owns 617 shares of the company's stock worth $70,000 after purchasing an additional 295 shares during the period. Geneos Wealth Management Inc. increased its stake in Regal Rexnord by 135.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 221 shares of the company's stock worth $25,000 after buying an additional 127 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Regal Rexnord by 6.7% during the second quarter. Cetera Investment Advisers now owns 3,116 shares of the company's stock worth $452,000 after purchasing an additional 196 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Regal Rexnord during the second quarter valued at approximately $4,759,000. 99.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Regal Rexnord from $240.00 to $260.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. UBS Group set a $260.00 price target on shares of Regal Rexnord in a research note on Monday, June 15th. KeyCorp lowered their price objective 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. Weiss Ratings restated a "hold (c)" rating on shares of Regal Rexnord in a research note on Friday, July 17th. Finally, JPMorgan Chase & Co. increased their price objective on Regal Rexnord from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Tuesday, May 26th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Regal Rexnord has an average rating of "Moderate Buy" and an average price target of $244.92.

Regal Rexnord Stock Performance

NYSE:RRX opened at $165.99 on Friday. 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 Corporation has a fifty-two week low of $127.96 and a fifty-two week high of $247.80. The stock has a market capitalization of $11.05 billion, a PE ratio of 34.22, a P/E/G ratio of 1.26 and a beta of 1.09. The company has a fifty day moving average of $205.43 and a two-hundred day moving average of $204.01.

Regal Rexnord (NYSE:RRX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.41. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The company had revenue of $1.56 billion during the quarter, compared to analysts' expectations of $1.58 billion. During the same quarter in the prior year, the company earned $2.48 EPS. Regal Rexnord'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. As a group, research analysts forecast that Regal Rexnord Corporation will post 10.68 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

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

Regal Rexnord Profile

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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