Formuepleje A S Invests $34.11 Million in Regal Rexnord Corporation $RRX

Key Points

• Formuepleje A S acquired 143,191 shares of Regal Rexnord worth approximately $34.1 million, making RRX about 2.7% of its portfolio. Institutional investors collectively own 99.72% of the company.
• Analysts remain broadly positive, with eight Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $244.92.
• Regal Rexnord reported quarterly EPS of $2.99, beating estimates of $2.58, while revenue rose 4.2% year over year to $1.56 billion. The company also declared a $0.35 quarterly dividend, equivalent to a 0.9% yield.

Formuepleje A S acquired a new position in Regal Rexnord Corporation (NYSE:RRX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 143,191 shares of the company's stock, valued at approximately $34,107,000. Regal Rexnord comprises approximately 2.7% of Formuepleje A S's portfolio, making the stock its 14th largest position. Formuepleje A S owned approximately 0.22% of Regal Rexnord at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RRX. AQR Capital Management LLC grew its position in Regal Rexnord by 208.1% in the 1st quarter. AQR Capital Management LLC now owns 17,747 shares of the company's stock worth $2,011,000 after purchasing an additional 11,987 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Regal Rexnord by 91.6% in the first quarter. Jones Financial Companies Lllp now owns 617 shares of the company's stock valued at $70,000 after buying an additional 295 shares during the period. Geneos Wealth Management Inc. grew its position in Regal Rexnord by 135.1% during the first quarter. Geneos Wealth Management Inc. now owns 221 shares of the company's stock worth $25,000 after buying an additional 127 shares in the last quarter. Cetera Investment Advisers increased its stake in Regal Rexnord by 6.7% during the second quarter. Cetera Investment Advisers now owns 3,116 shares of the company's stock valued at $452,000 after acquiring an additional 196 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Regal Rexnord in the 2nd quarter valued at approximately $4,759,000. Institutional investors own 99.72% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RRX. JPMorgan Chase & Co. lifted their price objective on Regal Rexnord from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft began coverage on Regal Rexnord in a research report on Monday, July 20th. They issued a "buy" rating and a $286.00 target price for the company. Oppenheimer reiterated an "outperform" rating on shares of Regal Rexnord in a research note on Friday, July 10th. Weiss Ratings reissued a "hold (c)" rating on shares of Regal Rexnord in a report on Friday, July 17th. Finally, UBS Group set a $260.00 price objective on shares of Regal Rexnord in a research note on Monday, June 15th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Regal Rexnord has a consensus rating of "Moderate Buy" and a consensus target price of $244.92.

Regal Rexnord Trading Down 0.2%

Shares of RRX opened at $162.60 on Monday. Regal Rexnord Corporation has a 1 year low of $127.96 and a 1 year high of $247.80. 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 stock has a 50 day simple moving average of $192.17 and a 200-day simple moving average of $200.70. The stock has a market cap of $10.83 billion, a PE ratio of 33.53, a PEG ratio of 1.21 and a beta of 1.06.

Regal Rexnord (NYSE:RRX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.58 by $0.41. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%.The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the firm earned $2.48 EPS. Regal Rexnord's quarterly revenue was up 4.2% on a year-over-year basis. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, sell-side analysts predict that Regal Rexnord Corporation will post 10.68 EPS for the current fiscal 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 paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, September 30th. Regal Rexnord's payout ratio is currently 28.87%.

Regal Rexnord 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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