Oppenheimer Asset Management Inc. Buys Shares of 21,274 Regal Rexnord Corporation $RRX

Key Points

• Oppenheimer Asset Management initiated a position in Regal Rexnord by purchasing 21,274 shares valued at approximately $5.1 million. Institutional investors and hedge funds collectively own 99.72% of the company.
• Regal Rexnord reported quarterly EPS of $2.99, exceeding analysts’ $2.58 estimate, while revenue rose 4.2% year over year to $1.56 billion but fell slightly short of expectations.
• The company declared a quarterly dividend of $0.35 per share, equivalent to a $1.40 annualized payout and a 0.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $244.92.

Oppenheimer Asset Management Inc. purchased a new position in shares of Regal Rexnord Corporation (NYSE:RRX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,274 shares of the company's stock, valued at approximately $5,067,000.

Several other institutional investors also recently bought and sold shares of RRX. Covestor Ltd boosted its holdings in shares of Regal Rexnord by 81.6% in the fourth quarter. Covestor Ltd now owns 178 shares of the company's stock valued at $25,000 after acquiring an additional 80 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Regal Rexnord by 135.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 221 shares of the company's stock valued at $25,000 after purchasing an additional 127 shares in the last quarter. Garner Asset Management Corp purchased a new stake in Regal Rexnord in the 4th quarter valued at approximately $27,000. IFP Advisors Inc increased its position in Regal Rexnord by 34.0% during the 4th quarter. IFP Advisors Inc now owns 193 shares of the company's stock worth $27,000 after purchasing an additional 49 shares during the period. Finally, Advisory Services Network LLC acquired a new position in Regal Rexnord during the 3rd quarter worth approximately $35,000. 99.72% of the stock is owned by institutional investors and hedge funds.

Regal Rexnord Stock Up 2.8%

Shares of NYSE RRX opened at $175.42 on Friday. The firm has a market cap of $11.68 billion, a P/E ratio of 36.17, a price-to-earnings-growth ratio of 1.31 and a beta of 1.09. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 2.28. Regal Rexnord Corporation has a 1 year low of $127.96 and a 1 year high of $247.80. The firm's 50 day moving average price is $208.49 and its 200 day moving average price is $203.32.

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

Regal Rexnord Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.40 annualized dividend and a yield of 0.8%. Regal Rexnord's dividend payout ratio is 28.87%.

Insiders Place Their Bets

In other Regal Rexnord news, CFO Robert Rehard sold 6,499 shares of the firm's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $200.00, for a total value of $1,299,800.00. Following the sale, the chief financial officer directly owned 27,965 shares of the company's stock, valued at approximately $5,593,000. This trade represents a 18.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.63% of the company's stock.

Analyst Ratings Changes

RRX has been the subject of several recent analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Regal Rexnord in a report on Friday, July 17th. Wall Street Zen downgraded Regal Rexnord from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 18th. KeyCorp decreased their target price on shares of Regal Rexnord from $265.00 to $240.00 and set an "overweight" rating on the stock in a research report on Thursday, August 6th. Oppenheimer reaffirmed an "outperform" rating on shares of Regal Rexnord in a research note on Friday, July 10th. Finally, Wolfe Research set a $250.00 price target on shares of Regal Rexnord in a report on Thursday, July 9th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $244.92.

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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