Eisler Capital Management Ltd. Invests $219,000 in Regal Rexnord Corporation $RRX

Key Points

• Eisler Capital Management Ltd. purchased 1,927 shares of Regal Rexnord Corporation valued at approximately $219,000, highlighting increased institutional interest in the company.
• Analysts have a generally positive outlook, with an average target price of $185.25 and multiple "buy" as well as "overweight" ratings from brokerages.
• Regal Rexnord recently declared a quarterly dividend of $0.35, representing an annual yield of 0.9%, with a dividend payout ratio of 37.23%.

Eisler Capital Management Ltd. purchased a new stake in Regal Rexnord Corporation (NYSE:RRX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,927 shares of the company's stock, valued at approximately $219,000.

Other hedge funds also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new position in Regal Rexnord during the fourth quarter worth $31,000. Golden State Wealth Management LLC increased its stake in Regal Rexnord by 106.2% in the first 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 acquired a new stake in Regal Rexnord during the first quarter worth approximately $81,000. Signaturefd LLC grew its holdings in shares of Regal Rexnord by 25.5% during the first quarter. Signaturefd LLC now owns 911 shares of the company's stock worth $104,000 after purchasing an additional 185 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Regal Rexnord by 18.1% during the first quarter. CWM LLC now owns 1,011 shares of the company's stock worth $115,000 after purchasing an additional 155 shares during the last quarter. 99.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RRX has been the topic of several recent research reports. Citigroup restated a "buy" rating and issued a $165.00 price target (up previously from $145.00) on shares of Regal Rexnord in a research report on Tuesday, June 24th. Barclays lifted their price objective on Regal Rexnord from $160.00 to $165.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Wall Street Zen upgraded Regal Rexnord from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 24th. KeyCorp set a $180.00 price objective on Regal Rexnord and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, Robert W. Baird upped their price objective on Regal Rexnord from $167.00 to $172.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Eight research analysts have rated the stock with a Buy rating, According to MarketBeat, Regal Rexnord currently has an average rating of "Buy" and a consensus price target of $185.25.

Regal Rexnord Price Performance

Regal Rexnord stock traded down $3.81 during mid-day trading on Friday, hitting $149.10. The company's stock had a trading volume of 621,472 shares, compared to its average volume of 893,143. The company has a quick ratio of 0.93, a current ratio of 2.00 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $9.90 billion, a P/E ratio of 39.65, a P/E/G ratio of 1.50 and a beta of 1.18. Regal Rexnord Corporation has a twelve month low of $90.56 and a twelve month high of $185.28. The stock's fifty day moving average price is $148.99 and its two-hundred day moving average price is $132.44.

Regal Rexnord (NYSE:RRX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $2.48 EPS for the quarter, topping analysts' consensus estimates of $2.42 by $0.06. The firm had revenue of $1.50 billion during 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 company's revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $2.29 EPS. Regal Rexnord has set its FY 2025 guidance at 9.700-10.300 EPS. Research analysts forecast that Regal Rexnord Corporation will post 9.95 earnings per share for the current year.

Regal Rexnord Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.35 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.40 annualized dividend and a dividend yield of 0.9%. Regal Rexnord's payout ratio is presently 37.23%.

Regal Rexnord 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.