Deutsche Bank AG Buys Shares of 18,732 Regal Rexnord Corporation $RRX

Key Points

• Deutsche Bank acquired 18,732 Regal Rexnord shares in the second quarter, valued at approximately $4.46 million. Institutional investors collectively own 99.72% of the company.
• Regal Rexnord reported quarterly EPS of $2.99, exceeding analyst estimates of $2.58, while revenue reached $1.56 billion, up 4.2% year over year but below expectations.
• The company declared a quarterly dividend of $0.35 per share, representing an annualized payout of $1.40 and a 0.9% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $244.92.

Deutsche Bank AG purchased a new position in shares of Regal Rexnord Corporation (NYSE:RRX - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,732 shares of the company's stock, valued at approximately $4,462,000.

A number of other large investors have also made changes to their positions in the stock. Vontobel Holding Ltd. grew its holdings in shares of Regal Rexnord by 5.2% in the 4th quarter. Vontobel Holding Ltd. now owns 276,266 shares of the company's stock worth $38,766,000 after acquiring an additional 13,564 shares during the period. Easterly Investment Partners LLC raised its holdings in Regal Rexnord by 719.4% during the fourth quarter. Easterly Investment Partners LLC now owns 75,354 shares of the company's stock worth $10,574,000 after purchasing an additional 66,158 shares during the last quarter. Bank of America Corp DE boosted its position in Regal Rexnord by 4.4% during the first quarter. Bank of America Corp DE now owns 397,219 shares of the company's stock worth $74,383,000 after purchasing an additional 16,615 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Regal Rexnord by 42.6% in the fourth 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 during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in Regal Rexnord by 67.4% in the fourth quarter. Handelsbanken Fonder AB now owns 250,735 shares of the company's stock valued at $35,183,000 after purchasing an additional 100,916 shares during the last quarter. Hedge funds and other institutional investors own 99.72% of the company's stock.

Regal Rexnord Trading Down 0.3%

Shares of RRX opened at $162.20 on Wednesday. The company has a current ratio of 2.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $10.80 billion, a P/E ratio of 33.44, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. The stock's fifty day simple moving average is $202.19 and its 200 day simple moving average is $203.81. Regal Rexnord Corporation has a twelve month low of $127.96 and a twelve month high of $247.80.

Regal Rexnord (NYSE:RRX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.58 by $0.41. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.58 billion. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%.The firm's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.48 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, equities research analysts forecast that Regal Rexnord Corporation will post 10.68 earnings per share for the current year.

Regal Rexnord Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be issued 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 dividend yield of 0.9%. Regal Rexnord's payout ratio is presently 28.87%.

Wall Street Analysts Forecast Growth

RRX has been the subject of several research reports. Oppenheimer reaffirmed an "outperform" rating on shares of Regal Rexnord in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Regal Rexnord in a report on Monday, July 20th. They set a "buy" rating and a $286.00 target price for the company. Weiss Ratings restated a "hold (c)" rating on shares of Regal Rexnord in a research report on Friday, July 17th. UBS Group set a $260.00 price target on shares of Regal Rexnord in a report on Monday, June 15th. Finally, JPMorgan Chase & Co. increased their price target on shares of Regal Rexnord from $230.00 to $240.00 and gave the company an "overweight" rating in a research report on Tuesday, May 26th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, 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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