Mountain Pacific Investment Advisers LLC Has $1.99 Million Stock Holdings in Regal Rexnord Corporation $RRX

Key Points

• Mountain Pacific Investment Advisers LLC has significantly reduced its stake in Regal Rexnord Corporation by 70.2%, now holding 13,710 shares valued at approximately $1.99 million.
• The company reported $1.50 billion in revenue for the last quarter, with an EPS of $2.48 which exceeded analyst expectations of $2.42.
• Regal Rexnord has declared a quarterly dividend of $0.35 per share, scheduled to be paid on October 14th, representing an annualized yield of 1.0%.

Mountain Pacific Investment Advisers LLC decreased its stake in Regal Rexnord Corporation (NYSE:RRX - Free Report) by 70.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,710 shares of the company's stock after selling 32,341 shares during the quarter. Mountain Pacific Investment Advisers LLC's holdings in Regal Rexnord were worth $1,987,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its holdings in shares of Regal Rexnord by 135.1% in 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 during the period. Golden State Wealth Management LLC boosted its stake in Regal Rexnord by 106.2% in the 1st quarter. Golden State Wealth Management LLC now owns 268 shares of the company's stock worth $31,000 after purchasing an additional 138 shares during the period. Jones Financial Companies Lllp grew its position in Regal Rexnord by 91.6% during the 1st quarter. Jones Financial Companies Lllp now owns 617 shares of the company's stock worth $70,000 after purchasing an additional 295 shares in the last quarter. Headlands Technologies LLC purchased a new position in Regal Rexnord during the 1st quarter worth approximately $81,000. Finally, Parallel Advisors LLC raised its stake in Regal Rexnord by 69.0% during the 2nd quarter. Parallel Advisors LLC now owns 818 shares of the company's stock valued at $119,000 after purchasing an additional 334 shares during the period. Institutional investors and hedge funds own 99.72% of the company's stock.

Regal Rexnord Price Performance

NYSE RRX opened at $143.72 on Thursday. 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 $9.54 billion, a PE ratio of 38.22, a price-to-earnings-growth ratio of 1.44 and a beta of 1.16. Regal Rexnord Corporation has a 12-month low of $90.56 and a 12-month high of $185.28. The company has a 50 day moving average price of $146.60 and a two-hundred day moving average price of $134.91.

Regal Rexnord (NYSE:RRX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $2.48 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the business posted $2.29 EPS. Regal Rexnord's quarterly 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. As a group, equities analysts predict that Regal Rexnord Corporation will post 9.95 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RRX. JPMorgan Chase & Co. initiated coverage on Regal Rexnord in a report on Monday, September 15th. They set an "overweight" rating and a $200.00 price target on the stock. Wall Street Zen cut Regal Rexnord from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 21st. Barclays reduced their price target on shares of Regal Rexnord from $163.00 to $161.00 and set an "overweight" rating for the company in a research report on Tuesday, September 16th. The Goldman Sachs Group dropped their price objective on shares of Regal Rexnord from $192.00 to $170.00 and set a "buy" rating on the stock in a research note on Tuesday, September 16th. Finally, Citigroup reiterated a "buy" rating and issued a $165.00 target price (up previously from $145.00) on shares of Regal Rexnord in a research report on Tuesday, June 24th. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $181.63.

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.

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