Regal Rexnord Corporation $RRX Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in Regal Rexnord Corporation by 30.2%, acquiring an additional 396,737 shares, bringing its total ownership to approximately 2.58% valued at $194,955,000.
• Brokerages have set new target prices for Regal Rexnord, with Citigroup raising its target to $165.00 and Goldman Sachs increasing it to $195.00, reflecting a consensus rating of "Buy" across nine analysts.
• Regal Rexnord recently announced a quarterly dividend of $0.35, which will be paid on October 14th, with a projected annual yield of 1.0% and a payout ratio of 37.23%.

Dimensional Fund Advisors LP boosted its holdings in shares of Regal Rexnord Corporation (NYSE:RRX - Free Report) by 30.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,712,297 shares of the company's stock after buying an additional 396,737 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.58% of Regal Rexnord worth $194,955,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Jefferies Financial Group Inc. purchased a new position in shares of Regal Rexnord in the 4th quarter valued at approximately $1,427,000. Avantax Advisory Services Inc. grew its holdings in shares of Regal Rexnord by 19.7% during the first quarter. Avantax Advisory Services Inc. now owns 3,152 shares of the company's stock valued at $359,000 after buying an additional 519 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new position in shares of Regal Rexnord in the 4th quarter valued at $9,463,000. Pinebridge Investments L.P. raised its stake in Regal Rexnord by 42.7% in the 4th quarter. Pinebridge Investments L.P. now owns 19,024 shares of the company's stock worth $2,951,000 after acquiring an additional 5,693 shares during the last quarter. Finally, Polianta Ltd raised its stake in Regal Rexnord by 33.8% in the 1st quarter. Polianta Ltd now owns 9,100 shares of the company's stock worth $1,036,000 after acquiring an additional 2,300 shares during the last quarter. 99.72% of the stock is currently owned by institutional investors.

Regal Rexnord Stock Performance

Shares of RRX traded up $10.1590 during trading hours on Friday, hitting $153.8890. The stock had a trading volume of 935,677 shares, compared to its average volume of 767,318. The firm has a 50-day moving average price of $147.50 and a 200 day moving average price of $132.17. Regal Rexnord Corporation has a fifty-two week low of $90.56 and a fifty-two week high of $185.28. The firm has a market capitalization of $10.21 billion, a price-to-earnings ratio of 40.93, a PEG ratio of 1.46 and a beta of 1.18. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 2.00.

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

Regal Rexnord Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend 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 presently 37.23%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on RRX shares. The Goldman Sachs Group increased their price objective on Regal Rexnord from $173.00 to $195.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Wall Street Zen lowered Regal Rexnord from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. KeyCorp set a $180.00 price target on shares of Regal Rexnord and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Citigroup restated a "buy" rating and set a $165.00 price objective (up from $145.00) on shares of Regal Rexnord in a research note on Tuesday, June 24th. Finally, Barclays increased their price objective on shares of Regal Rexnord from $160.00 to $165.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus 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.