Regal Rexnord Corporation $RRX Stock Holdings Lifted by Cramer Rosenthal Mcglynn LLC

Key Points

• Cramer Rosenthal Mcglynn LLC increased its holdings in Regal Rexnord Corporation by 10.3%, now owning 271,951 shares valued at approximately $30.96 million, making it the firm's 10th largest holding.
• Regal Rexnord's stock rose 7.1%, with a 12-month price range between $90.56 and $185.28, and analysts expect earnings per share to reach $9.95 for the current year.
• The company has announced a quarterly dividend of $0.35, payable to investors on October 14th, which reflects an annualized dividend yield of 0.9%.

Cramer Rosenthal Mcglynn LLC lifted its stake in shares of Regal Rexnord Corporation (NYSE:RRX - Free Report) by 10.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 271,951 shares of the company's stock after acquiring an additional 25,458 shares during the quarter. Regal Rexnord makes up approximately 2.2% of Cramer Rosenthal Mcglynn LLC's holdings, making the stock its 10th biggest holding. Cramer Rosenthal Mcglynn LLC owned about 0.41% of Regal Rexnord worth $30,962,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bernard Wealth Management Corp. purchased a new position in shares of Regal Rexnord during the fourth quarter worth approximately $31,000. Golden State Wealth Management LLC raised 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 acquiring an additional 138 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Regal Rexnord in the first quarter valued at about $81,000. Signaturefd LLC raised its holdings in shares of Regal Rexnord by 25.5% in the first quarter. Signaturefd LLC now owns 911 shares of the company's stock valued at $104,000 after acquiring an additional 185 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Regal Rexnord by 18.1% in the first quarter. CWM LLC now owns 1,011 shares of the company's stock valued at $115,000 after acquiring an additional 155 shares in the last quarter. 99.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Robert W. Baird lifted their price objective on Regal Rexnord from $167.00 to $172.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Wall Street Zen upgraded Regal Rexnord from a "buy" rating to a "strong-buy" rating in a report on Sunday. KeyCorp set a $180.00 price objective on Regal Rexnord and gave the company an "overweight" rating in a report on Thursday, June 26th. The Goldman Sachs Group lifted their target price on Regal Rexnord from $173.00 to $195.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. 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 note on Tuesday, June 24th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $185.25.

Regal Rexnord Stock Performance

NYSE RRX traded up $0.14 during trading hours on Thursday, reaching $152.86. The stock had a trading volume of 560,575 shares, compared to its average volume of 941,952. The stock has a fifty day moving average of $148.80 and a 200 day moving average of $132.42. The stock has a market cap of $10.15 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 1.54 and a beta of 1.18. Regal Rexnord Corporation has a 52-week low of $90.56 and a 52-week high of $185.28. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 2.00.

Regal Rexnord (NYSE:RRX - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $2.48 EPS for the quarter, beating analysts' consensus estimates of $2.42 by $0.06. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.50 billion. Regal Rexnord had a return on equity of 9.73% and a net margin of 4.28%.Regal Rexnord's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.29 earnings per share. Regal Rexnord has set its FY 2025 guidance at 9.700-10.300 EPS. Sell-side analysts predict that Regal Rexnord Corporation will post 9.95 earnings per share for the current year.

Regal Rexnord Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. Regal Rexnord's payout ratio 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.