Ceredex Value Advisors LLC Buys 202,825 Shares of Regal Rexnord Corporation $RRX

Key Points

• Ceredex Value Advisors LLC increased its stake in Regal Rexnord Corporation by 110.6%, acquiring 202,825 shares and bringing its total ownership to 386,225 shares valued at approximately $43.97 million.
• Regal Rexnord reported $2.48 earnings per share for the last quarter, exceeding the consensus estimate of $2.42, and set its FY 2025 guidance at 9.700-10.300 EPS.
• The company recently declared a quarterly dividend of $0.35, payable on October 14th, leading to an annualized dividend yield of 0.9%.

Ceredex Value Advisors LLC grew its stake in shares of Regal Rexnord Corporation (NYSE:RRX - Free Report) by 110.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 386,225 shares of the company's stock after acquiring an additional 202,825 shares during the period. Ceredex Value Advisors LLC owned about 0.58% of Regal Rexnord worth $43,972,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FORA Capital LLC bought a new position in Regal Rexnord in the first quarter worth approximately $538,000. Cramer Rosenthal Mcglynn LLC grew its holdings in shares of Regal Rexnord by 10.3% during the first quarter. Cramer Rosenthal Mcglynn LLC now owns 271,951 shares of the company's stock valued at $30,962,000 after buying an additional 25,458 shares during the last quarter. Comerica Bank grew its holdings in shares of Regal Rexnord by 11.4% during the first quarter. Comerica Bank now owns 214,771 shares of the company's stock valued at $24,452,000 after buying an additional 21,930 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of Regal Rexnord by 47.1% during the first quarter. MetLife Investment Management LLC now owns 54,926 shares of the company's stock valued at $6,253,000 after buying an additional 17,590 shares during the last quarter. Finally, Synovus Financial Corp boosted its holdings in Regal Rexnord by 194.9% in the first quarter. Synovus Financial Corp now owns 11,682 shares of the company's stock valued at $1,330,000 after purchasing an additional 7,720 shares during the last quarter. Institutional investors own 99.72% of the company's stock.

Regal Rexnord Price Performance

Shares of RRX opened at $152.9280 on Tuesday. Regal Rexnord Corporation has a 1-year low of $90.56 and a 1-year high of $185.28. The stock has a market cap of $10.15 billion, a PE ratio of 40.67, a price-to-earnings-growth ratio of 1.55 and a beta of 1.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.00 and a quick ratio of 0.93. The firm has a fifty day moving average price of $148.04 and a 200 day moving average price of $132.03.

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, topping the consensus estimate of $2.42 by $0.06. Regal Rexnord had a net margin of 4.28% and a return on equity of 9.73%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm earned $2.29 earnings per share. The business's quarterly revenue 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. As a group, sell-side analysts anticipate that Regal Rexnord Corporation will post 9.95 EPS for the current year.

Regal Rexnord Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. Regal Rexnord's dividend payout ratio is currently 37.23%.

Analysts Set New Price Targets

RRX has been the topic of several analyst reports. Citigroup reaffirmed a "buy" rating and set a $165.00 price target (up from $145.00) on shares of Regal Rexnord in a research report on Tuesday, June 24th. The Goldman Sachs Group raised their price target on shares of Regal Rexnord from $173.00 to $195.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. KeyCorp set a $180.00 price objective on shares of Regal Rexnord and gave the company an "overweight" rating in a report on Thursday, June 26th. Barclays increased their price objective 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 upgraded shares of Regal Rexnord from a "buy" rating to a "strong-buy" rating in a report on Sunday. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Regal Rexnord currently has a consensus rating of "Buy" and a consensus price target of $185.25.

Regal Rexnord Company Profile

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.

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