Peak Financial Advisors LLC Acquires 12,236 Shares of Regal Rexnord Corporation $RRX

Key Points

• Peak Financial Advisors acquired 12,236 Regal Rexnord shares worth approximately $1.9 million in the third quarter, while institutional investors collectively own 99.72% of the company.
• Analysts maintain a generally positive outlook, with eight Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $230.50.
• Regal Rexnord reported quarterly EPS of $2.99, exceeding estimates of $2.58, and declared a quarterly dividend of $0.35, equivalent to a 0.9% annualized yield.

Peak Financial Advisors LLC bought a new stake in Regal Rexnord Corporation (NYSE:RRX - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,236 shares of the company's stock, valued at approximately $1,898,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RRX. Parallel Advisors LLC increased its holdings in Regal Rexnord by 5.6% during the 1st quarter. Parallel Advisors LLC now owns 938 shares of the company's stock worth $176,000 after purchasing an additional 50 shares during the period. Versant Capital Management Inc raised its position in Regal Rexnord by 13.7% in the 3rd quarter. Versant Capital Management Inc now owns 540 shares of the company's stock valued at $84,000 after purchasing an additional 65 shares in the last quarter. North Dakota State Investment Board boosted its stake in shares of Regal Rexnord by 3.4% in the 3rd quarter. North Dakota State Investment Board now owns 2,031 shares of the company's stock valued at $315,000 after buying an additional 67 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Regal Rexnord by 60.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 242 shares of the company's stock valued at $45,000 after buying an additional 91 shares during the period. Finally, Mather Group LLC. boosted its stake in shares of Regal Rexnord by 13.7% in the 3rd quarter. Mather Group LLC. now owns 774 shares of the company's stock valued at $120,000 after buying an additional 93 shares during the period. 99.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on RRX shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Regal Rexnord in a research note on Monday, July 20th. They set a "buy" rating and a $286.00 target price on the stock. KeyCorp reduced their target price on shares of Regal Rexnord from $265.00 to $240.00 and set an "overweight" rating on the stock in a report on Thursday, August 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Regal Rexnord in a research note on Thursday, October 15th. The Goldman Sachs Group set a $216.00 price target on shares of Regal Rexnord in a report on Wednesday, September 30th. Finally, Wolfe Research set a $250.00 price objective on shares of Regal Rexnord in a research 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 company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $230.50.

Regal Rexnord Stock Down 3.9%

Shares of NYSE RRX opened at $157.17 on Friday. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of 32.41, a price-to-earnings-growth ratio of 1.30 and a beta of 1.09. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.28 and a quick ratio of 1.16. The business has a 50-day moving average of $157.83 and a two-hundred day moving average of $189.26. Regal Rexnord Corporation has a 1 year low of $127.96 and a 1 year high of $247.80.

Regal Rexnord (NYSE:RRX - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.58 billion. During the same period in the prior year, the firm posted $2.48 EPS. The business's quarterly revenue 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. On average, analysts forecast that Regal Rexnord Corporation will post 10.64 earnings per share for the current fiscal year.

Regal Rexnord Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 14th. Investors of record on Thursday, December 31st will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, December 31st. Regal Rexnord's dividend payout ratio is 28.87%.

Regal Rexnord Profile

Regal Rexnord Corporation is an industrial manufacturing company that develops and produces electric motors, power transmission components, motion-control systems and other equipment used in industrial and commercial applications. Its products include motors, gearboxes, bearings, couplings, belts, chains, drives, clutches, brakes and related controls, as well as air-moving and power-management solutions.

The company serves customers across industries such as automation, material handling, food and beverage, renewable energy, heating and ventilation, agriculture, and general industrial production.

Want to see what other hedge funds are holding RRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regal Rexnord Corporation (NYSE:RRX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.