Moore Capital Management LP Takes Position in Regal Rexnord Corporation $RRX

Moore Capital Management LP bought a new stake in shares of Regal Rexnord Corporation (NYSE:RRX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 302,723 shares of the company's stock, valued at approximately $72,106,000. Regal Rexnord comprises about 1.1% of Moore Capital Management LP's holdings, making the stock its 7th largest position. Moore Capital Management LP owned about 0.45% of Regal Rexnord at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of RRX. Sigma Planning Corp purchased a new stake in Regal Rexnord in the 2nd quarter valued at $214,000. Wellington Management Group LLP lifted its stake in Regal Rexnord by 75.8% during the 2nd quarter. Wellington Management Group LLP now owns 2,584,056 shares of the company's stock valued at $615,496,000 after acquiring an additional 1,113,888 shares in the last quarter. Empowered Funds LLC purchased a new position in Regal Rexnord during the 2nd quarter worth $1,054,000. United Capital Financial Advisors LLC purchased a new position in Regal Rexnord during the 2nd quarter worth $684,000. Finally, Grandeur Peak Global Advisors LLC bought a new stake in shares of Regal Rexnord in the 2nd quarter worth $96,000. Institutional investors own 99.72% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RRX. KeyCorp lowered their target price on shares of Regal Rexnord from $265.00 to $240.00 and set an "overweight" rating for the company in a report on Thursday, August 6th. JPMorgan Chase & Co. boosted their price target on shares of Regal Rexnord from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Tuesday, May 26th. UBS Group set a $260.00 price objective on shares of Regal Rexnord in a research report on Monday, June 15th. Wolfe Research set a $250.00 price objective on shares of Regal Rexnord in a research note on Thursday, July 9th. Finally, DA Davidson initiated coverage on shares of Regal Rexnord in a research report on Tuesday, June 16th. They set a "buy" rating and a $260.00 target price on the stock. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $244.92.

Regal Rexnord Price Performance

Regal Rexnord stock opened at $157.88 on Monday. The business's 50 day simple moving average is $198.44 and its 200 day simple moving average is $202.81. Regal Rexnord Corporation has a 12 month low of $127.96 and a 12 month high of $247.80. The company has a market cap of $10.51 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 1.17 and a beta of 1.09. The company has a current ratio of 2.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66.

Regal Rexnord (NYSE:RRX - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.58 by $0.41. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.58 billion. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%.The business's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the business posted $2.48 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. Sell-side analysts forecast that Regal Rexnord Corporation will post 10.68 EPS for the current year.

Regal Rexnord Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.40 annualized dividend and a yield of 0.9%. Regal Rexnord's dividend payout ratio (DPR) is 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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