FORA Capital LLC Purchases New Shares in Regal Rexnord Corporation $RRX

Key Points

• FORA Capital LLC has acquired a new investment in Regal Rexnord Corporation, purchasing 4,724 shares valued at approximately $538,000 during the first quarter.
• Regal Rexnord recently reported $2.48 EPS for the quarter, exceeding estimates, but its revenue was down 3.3% year-over-year.
• The company will pay a quarterly dividend of $0.35 on October 14th, indicating a dividend yield of 0.9% and a payout ratio of 37.23%.

FORA Capital LLC bought a new stake in Regal Rexnord Corporation (NYSE:RRX - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 4,724 shares of the company's stock, valued at approximately $538,000.

Other large investors have also recently modified their holdings of the company. Bernard Wealth Management Corp. acquired a new stake in shares of Regal Rexnord in the 4th quarter valued at $31,000. Golden State Wealth Management LLC boosted its holdings in shares of Regal Rexnord by 106.2% in the 1st 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 in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Regal Rexnord in the 1st quarter valued at $81,000. Signaturefd LLC boosted its holdings in shares of Regal Rexnord by 25.5% in the 1st quarter. Signaturefd LLC now owns 911 shares of the company's stock valued at $104,000 after purchasing an additional 185 shares in the last quarter. Finally, CWM LLC increased 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 buying an additional 155 shares in the last quarter. Institutional investors and hedge funds own 99.72% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup reiterated a "buy" rating and set a $165.00 price target (up from $145.00) on shares of Regal Rexnord in a report on Tuesday, June 24th. KeyCorp set a $180.00 price objective on shares of Regal Rexnord and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Wall Street Zen upgraded shares of Regal Rexnord from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 24th. The Goldman Sachs Group lifted their price target on shares of Regal Rexnord from $173.00 to $195.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Robert W. Baird increased their price target on Regal Rexnord from $167.00 to $172.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $185.25.

Regal Rexnord Price Performance

Shares of Regal Rexnord stock traded down $3.28 on Tuesday, hitting $146.05. 261,058 shares of the company traded hands, compared to its average volume of 756,068. Regal Rexnord Corporation has a 12-month low of $90.56 and a 12-month high of $185.28. The company has a market cap of $9.69 billion, a P/E ratio of 38.86, a P/E/G ratio of 1.50 and a beta of 1.18. The firm's 50-day simple moving average is $149.15 and its 200 day simple moving average is $132.52. The company has a current ratio of 2.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72.

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

Regal Rexnord Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.40 dividend on an annualized basis and a yield of 1.0%. Regal Rexnord's payout ratio is presently 37.23%.

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.