Cibc World Market Inc. Makes New Investment in Regal Rexnord Corporation $RRX

Key Points

• CIBC World Market purchased 19,045 shares of Regal Rexnord worth approximately $4.54 million in the second quarter. Institutional investors collectively own 99.72% of the company.
• Analyst sentiment remains positive, with eight Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and a $244.92 price target.
• Regal Rexnord reported quarterly EPS of $2.99, beating estimates of $2.58, 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.

Cibc World Market Inc. bought a new stake in shares of Regal Rexnord Corporation (NYSE:RRX - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 19,045 shares of the company's stock, valued at approximately $4,536,000.

Several other large investors have also recently made changes to their positions in RRX. Covestor Ltd grew its stake in shares of Regal Rexnord by 81.6% in the 4th quarter. Covestor Ltd now owns 178 shares of the company's stock worth $25,000 after buying an additional 80 shares during the last quarter. Clearstead Trust LLC bought a new position in Regal Rexnord during the 2nd quarter valued at approximately $25,000. Geneos Wealth Management Inc. raised its stake in Regal Rexnord by 135.1% during the first quarter. Geneos Wealth Management Inc. now owns 221 shares of the company's stock valued at $25,000 after buying an additional 127 shares during the last quarter. Garner Asset Management Corp purchased a new position in Regal Rexnord during the fourth quarter valued at $27,000. Finally, IFP Advisors Inc boosted its holdings in 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 in the last quarter. 99.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. KeyCorp reduced their price target on Regal Rexnord from $265.00 to $240.00 and set an "overweight" rating for the company in a report on Thursday, August 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Regal Rexnord in a research note on Friday, July 17th. JPMorgan Chase & Co. raised their price objective on shares of Regal Rexnord from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday, May 26th. Wall Street Zen lowered shares of Regal Rexnord from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 18th. Finally, Citigroup lifted their target price on shares of Regal Rexnord from $240.00 to $260.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.92.

Regal Rexnord Stock Down 0.3%

Regal Rexnord stock opened at $162.20 on Wednesday. Regal Rexnord Corporation has a 12 month low of $127.96 and a 12 month high of $247.80. The stock has a fifty day simple moving average of $202.19 and a two-hundred day simple moving average of $203.81. The firm has a market cap of $10.80 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 1.21 and a beta of 1.09. The company has a current ratio of 2.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66.

Regal Rexnord (NYSE:RRX - Get Free Report) last posted its earnings results 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. The business had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.58 billion. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.48 EPS. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. Equities analysts predict that Regal Rexnord Corporation will post 10.68 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

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