Regal Rexnord Corporation $RRX Shares Sold by Bokf Na

Key Points

• Bokf Na cut its Regal Rexnord stake by 62.3% in the fourth quarter, selling 11,725 shares and leaving it with 7,100 shares valued at about $996,000.
• Regal Rexnord beat first-quarter expectations, reporting EPS of $2.17 versus $2.11 expected and revenue of $1.48 billion versus $1.43 billion expected, while raising FY 2026 guidance to $10.20-$11.00 EPS.
• The company declared a quarterly dividend of $0.35 per share and saw notable insider selling, including shares sold by CEO Louis V. Pinkham and EVP Cheryl Lewis in February.

Bokf Na trimmed its stake in shares of Regal Rexnord Corporation (NYSE:RRX - Free Report) by 62.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,100 shares of the company's stock after selling 11,725 shares during the period. Bokf Na's holdings in Regal Rexnord were worth $996,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Regal Rexnord during the 3rd quarter valued at approximately $27,000. Garner Asset Management Corp acquired a new stake in shares of Regal Rexnord during the 4th quarter valued at approximately $27,000. Root Financial Partners LLC acquired a new stake in shares of Regal Rexnord during the 3rd quarter valued at approximately $28,000. Geneos Wealth Management Inc. lifted its position in shares of Regal Rexnord by 135.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 221 shares of the company's stock valued at $25,000 after acquiring an additional 127 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of Regal Rexnord during the 3rd quarter valued at approximately $35,000. 99.72% of the stock is currently owned by institutional investors and hedge funds.

Regal Rexnord Price Performance

RRX stock opened at $215.01 on Friday. The stock has a 50-day moving average price of $200.38 and a two-hundred day moving average price of $172.61. Regal Rexnord Corporation has a 12-month low of $127.96 and a 12-month high of $236.35. The company has a current ratio of 2.17, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. The company has a market cap of $14.31 billion, a PE ratio of 50.00, a price-to-earnings-growth ratio of 1.92 and a beta of 1.15.

Regal Rexnord (NYSE:RRX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $2.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.11 by $0.06. Regal Rexnord had a return on equity of 9.49% and a net margin of 4.78%.The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the business earned $2.15 earnings per share. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. As a group, research analysts predict that Regal Rexnord Corporation will post 10.73 EPS for the current year.

Regal Rexnord Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, June 30th. Regal Rexnord's dividend payout ratio is 32.56%.

Insider Buying and Selling

In related news, EVP Cheryl Lewis sold 2,262 shares of the company's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $215.73, for a total transaction of $487,981.26. Following the completion of the sale, the executive vice president directly owned 13,219 shares of the company's stock, valued at approximately $2,851,734.87. This represents a 14.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Louis V. Pinkham sold 36,728 shares of the company's stock in a transaction on Monday, February 9th. The stock was sold at an average price of $215.52, for a total transaction of $7,915,618.56. Following the sale, the chief executive officer directly owned 83,337 shares of the company's stock, valued at approximately $17,960,790.24. This trade represents a 30.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 48,951 shares of company stock valued at $10,576,689. Company insiders own 0.63% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Regal Rexnord from $190.00 to $230.00 and gave the company an "overweight" rating in a research report on Friday, February 6th. KeyCorp lifted their price objective on Regal Rexnord from $255.00 to $265.00 and gave the stock an "overweight" rating in a research report on Thursday. The Goldman Sachs Group lifted their price objective on Regal Rexnord from $170.00 to $230.00 and gave the stock a "buy" rating in a research report on Monday, February 9th. Robert W. Baird set a $253.00 price objective on Regal Rexnord in a research report on Friday, February 6th. Finally, Citigroup lifted their price objective on Regal Rexnord from $230.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, April 13th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $231.00.

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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