Ceredex Value Advisors LLC Grows Holdings in 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 holdings in shares of Regal Rexnord Corporation (NYSE:RRX - Free Report) by 110.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 386,225 shares of the company's stock after purchasing an additional 202,825 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.58% of Regal Rexnord worth $43,972,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bernard Wealth Management Corp. purchased a new stake in shares of Regal Rexnord during the 4th quarter valued at about $31,000. Golden State Wealth Management LLC increased its position in shares of Regal Rexnord by 106.2% during the 1st quarter. Golden State Wealth Management LLC now owns 268 shares of the company's stock valued at $31,000 after purchasing an additional 138 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Regal Rexnord during the 1st quarter valued at about $81,000. Signaturefd LLC increased its holdings in Regal Rexnord by 25.5% in the 1st quarter. Signaturefd LLC now owns 911 shares of the company's stock worth $104,000 after acquiring an additional 185 shares in the last quarter. Finally, CWM LLC increased its holdings in Regal Rexnord by 18.1% in the 1st quarter. CWM LLC now owns 1,011 shares of the company's stock worth $115,000 after acquiring an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 99.72% of the company's stock.

Regal Rexnord Price Performance

Shares of NYSE RRX traded down $3.81 during midday trading on Friday, reaching $149.10. 621,472 shares of the stock traded hands, compared to its average volume of 907,595. 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 stock has a market capitalization of $9.90 billion, a PE ratio of 39.65, a P/E/G ratio of 1.50 and a beta of 1.18. Regal Rexnord Corporation has a one year low of $90.56 and a one year high of $185.28. The company's 50 day moving average is $148.99 and its 200 day moving average is $132.47.

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

Regal Rexnord Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. Regal Rexnord's dividend payout ratio (DPR) is presently 37.23%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. KeyCorp set a $180.00 target price on shares of Regal Rexnord and gave the stock an "overweight" rating in a report on Thursday, June 26th. Citigroup reissued a "buy" rating and issued a $165.00 target price (up from $145.00) on shares of Regal Rexnord in a report on Tuesday, June 24th. Barclays increased their target price on shares of Regal Rexnord from $160.00 to $165.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Robert W. Baird upped their price target on Regal Rexnord from $167.00 to $172.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen upgraded Regal Rexnord from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 24th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat.com, Regal Rexnord has a consensus rating of "Buy" and an average target price 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.