Corient Private Wealth LP Invests $1.57 Million in Regal Rexnord Corporation $RRX

Key Points

• Corient Private Wealth purchased 6,345 Regal Rexnord shares worth approximately $1.57 million, while institutional investors collectively own 99.72% of the company.
• Regal Rexnord exceeded quarterly earnings expectations, reporting $2.99 EPS versus the $2.58 consensus estimate, though revenue of $1.56 billion fell slightly short of forecasts.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and a $244.92 price target; the company also declared a quarterly dividend of $0.35 per share.

Corient Private Wealth LP purchased a new stake in shares of Regal Rexnord Corporation (NYSE:RRX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,345 shares of the company's stock, valued at approximately $1,570,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in RRX. BlackRock Inc. bought a new position in Regal Rexnord during the 2nd quarter worth about $1,477,356,000. Bank of New York Mellon Corp bought a new stake in shares of Regal Rexnord in the 2nd quarter valued at about $449,281,000. Victory Capital Management Inc. raised its holdings in shares of Regal Rexnord by 42.6% in the 4th quarter. Victory Capital Management Inc. now owns 5,658,365 shares of the company's stock valued at $793,983,000 after purchasing an additional 1,690,264 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Regal Rexnord in the 2nd quarter worth approximately $254,637,000. Finally, Bessemer Group Inc. lifted its position in shares of Regal Rexnord by 4,155.4% in the 1st quarter. Bessemer Group Inc. now owns 916,054 shares of the company's stock worth $171,541,000 after purchasing an additional 894,527 shares during the period. 99.72% of the stock is currently owned by institutional investors.

Regal Rexnord Price Performance

Shares of NYSE RRX opened at $162.29 on Friday. Regal Rexnord Corporation has a fifty-two week low of $127.96 and a fifty-two week high of $247.80. The company has a market cap of $10.81 billion, a PE ratio of 33.46, a P/E/G ratio of 1.20 and a beta of 1.06. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 2.28. The business has a 50-day simple moving average of $193.33 and a two-hundred day simple moving average of $201.11.

Regal Rexnord (NYSE:RRX - Get Free Report) last posted 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. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.58 billion. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The company'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 company posted $2.48 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. As a group, equities analysts expect that Regal Rexnord Corporation will post 10.68 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be paid 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 presently 28.87%.

Analyst Ratings Changes

Several equities analysts recently issued reports on RRX shares. Citigroup lifted their price objective on shares of Regal Rexnord from $240.00 to $260.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. upped their target price on Regal Rexnord from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Tuesday, May 26th. Weiss Ratings restated a "hold (c)" rating on shares of Regal Rexnord in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft assumed coverage on Regal Rexnord in a research report on Monday, July 20th. They set a "buy" rating and a $286.00 target price on the stock. Finally, Oppenheimer reiterated an "outperform" rating on shares of Regal Rexnord in a report on Friday, July 10th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.92.

Regal Rexnord Company 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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