Cramer Rosenthal Mcglynn LLC Grows Holdings in Regal Rexnord Corporation $RRX

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 increased its holdings in shares of Regal Rexnord Corporation (NYSE:RRX - Free Report) by 10.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 271,951 shares of the company's stock after purchasing an additional 25,458 shares during the quarter. Regal Rexnord makes up about 2.2% of Cramer Rosenthal Mcglynn LLC's investment portfolio, making the stock its 10th biggest holding. Cramer Rosenthal Mcglynn LLC owned 0.41% of Regal Rexnord worth $30,962,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new position in Regal Rexnord during the fourth quarter worth $31,000. Golden State Wealth Management LLC lifted its stake in 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 during the last quarter. Headlands Technologies LLC acquired a new stake in Regal Rexnord in the first quarter valued at $81,000. Signaturefd LLC lifted its stake in 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 during the last quarter. Finally, CWM LLC lifted its stake in 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 during the last quarter. Institutional investors and hedge funds own 99.72% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Regal Rexnord from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 24th. Robert W. Baird raised their target price on shares of Regal Rexnord from $167.00 to $172.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group raised their target price on shares of Regal Rexnord from $173.00 to $195.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Barclays raised their target price on shares of Regal Rexnord from $160.00 to $165.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Finally, Citigroup restated a "buy" rating and set 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 presently has an average rating of "Buy" and an average price target of $185.25.

Regal Rexnord Price Performance

RRX stock traded down $3.81 during mid-day trading on Friday, hitting $149.10. The stock had a trading volume of 621,472 shares, compared to its average volume of 907,595. The company has a current ratio of 2.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72. Regal Rexnord Corporation has a 52 week low of $90.56 and a 52 week high of $185.28. The firm has a market capitalization of $9.90 billion, a P/E ratio of 39.65, a P/E/G ratio of 1.54 and a beta of 1.18. The firm has a fifty day simple moving average of $148.99 and a 200 day simple moving average of $132.51.

Regal Rexnord (NYSE:RRX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $2.48 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.50 billion. During the same period last year, the company posted $2.29 EPS. The firm's quarterly revenue was down 3.3% compared to the same quarter last year. Regal Rexnord has set its FY 2025 guidance at 9.700-10.300 EPS. As a group, research analysts forecast that Regal Rexnord Corporation will post 9.95 EPS for the current year.

Regal Rexnord Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.40 annualized dividend and a dividend yield of 0.9%. Regal Rexnord's payout ratio is currently 37.23%.

Regal Rexnord Company 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.