6,511 Shares in Regal Rexnord Corporation $RRX Acquired by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. has invested approximately $741,000 in Regal Rexnord Corporation, acquiring 6,511 shares of the company.
• Analysts have recently adjusted their price targets for Regal Rexnord, with Goldman Sachs raising theirs from $173.00 to $195.00 while maintaining a "buy" rating.
• Regal Rexnord declared a quarterly dividend of $0.35 per share, with an upcoming payment date of October 14th, representing an annual yield of 1.0%.

Fox Run Management L.L.C. bought a new stake in shares of Regal Rexnord Corporation (NYSE:RRX - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,511 shares of the company's stock, valued at approximately $741,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bernard Wealth Management Corp. purchased a new stake in Regal Rexnord in the 4th quarter worth $31,000. Golden State Wealth Management LLC grew its holdings in shares of 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 in the last quarter. Headlands Technologies LLC bought a new stake in Regal Rexnord in the first quarter worth $81,000. Signaturefd LLC increased its position in Regal Rexnord by 25.5% in 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 raised its stake in Regal Rexnord by 18.1% during the first quarter. CWM LLC now owns 1,011 shares of the company's stock valued at $115,000 after purchasing an additional 155 shares in the last quarter. Institutional investors own 99.72% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on RRX. KeyCorp set a $180.00 target price on shares of Regal Rexnord and gave the stock an "overweight" rating in a report on Thursday, June 26th. Robert W. Baird boosted their price objective on Regal Rexnord from $167.00 to $172.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group upped their price objective on Regal Rexnord from $173.00 to $195.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Citigroup reiterated a "buy" rating and issued a $165.00 target price (up previously from $145.00) on shares of Regal Rexnord in a report on Tuesday, June 24th. Finally, Barclays boosted their target price on Regal Rexnord from $160.00 to $165.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Eight 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 Trading Up 7.3%

Shares of NYSE:RRX traded up $10.5210 on Friday, hitting $154.2510. 284,351 shares of the company's stock were exchanged, compared to its average volume of 763,118. The stock has a market capitalization of $10.24 billion, a price-to-earnings ratio of 41.19, a price-to-earnings-growth ratio of 1.46 and a beta of 1.18. Regal Rexnord Corporation has a 12 month low of $90.56 and a 12 month high of $185.28. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.00 and a quick ratio of 0.93. The business's 50 day simple moving average is $147.50 and its two-hundred day simple moving average is $132.17.

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 for the quarter, beating analysts' consensus estimates of $2.42 by $0.06. The company 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 firm's revenue for the quarter 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. Analysts anticipate that Regal Rexnord Corporation will post 9.95 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

The company also recently disclosed 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. This represents a $1.40 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, September 30th. Regal Rexnord's dividend payout ratio (DPR) 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.