Regal Rexnord Corporation $RRX Shares Sold by Robeco Schweiz AG

Key Points

• Robeco Schweiz AG reduced its Regal Rexnord stake by 3.9% in the third quarter, selling 27,593 shares and retaining 678,280 shares worth approximately $105.2 million. Institutional investors collectively own 99.72% of the company.
• Analyst sentiment remains favorable, with eight Buy ratings and three Holds, resulting in a consensus “Moderate Buy” rating and an average price target of $230.50, despite recent target-price reductions by JPMorgan and Citigroup.
• Regal Rexnord reported quarterly EPS of $2.99, exceeding estimates of $2.58, while revenue rose 4.2% year over year to $1.56 billion. The company also declared a quarterly dividend of $0.35 per share, equivalent to a 0.9% annualized yield.

Robeco Schweiz AG cut its holdings in Regal Rexnord Corporation (NYSE:RRX - Free Report) by 3.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 678,280 shares of the company's stock after selling 27,593 shares during the quarter. Regal Rexnord comprises 1.9% of Robeco Schweiz AG's holdings, making the stock its 15th largest position. Robeco Schweiz AG owned 1.02% of Regal Rexnord worth $105,208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clearstead Trust LLC purchased a new stake in shares of Regal Rexnord during the second quarter worth about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Regal Rexnord during the second quarter valued at about $27,000. Root Financial Partners LLC acquired a new position in shares of Regal Rexnord during the third quarter valued at about $41,000. FNY Investment Advisers LLC purchased a new position in shares of Regal Rexnord in the 2nd quarter valued at approximately $43,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of Regal Rexnord in the 2nd quarter valued at approximately $43,000. 99.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RRX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Regal Rexnord from $240.00 to $196.00 and set an "overweight" rating for the company in a research note on Friday, October 9th. Wall Street Zen upgraded shares of Regal Rexnord from a "hold" rating to a "buy" rating in a research note on Saturday. Citigroup cut their price target on shares of Regal Rexnord from $220.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, October 12th. Wolfe Research set a $250.00 price target on shares of Regal Rexnord in a report on Thursday, July 9th. Finally, 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 price objective for the company. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Regal Rexnord has a consensus rating of "Moderate Buy" and an average target price of $230.50.

Regal Rexnord Stock Down 0.6%

RRX stock opened at $147.87 on Friday. The firm's fifty day simple moving average is $158.92 and its 200-day simple moving average is $190.35. The company has a market capitalization of $9.85 billion, a P/E ratio of 30.49, a price-to-earnings-growth ratio of 1.18 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. Regal Rexnord Corporation has a 12 month low of $127.96 and a 12 month 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 for the quarter, topping analysts' consensus estimates of $2.58 by $0.41. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The firm 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 business earned $2.48 earnings per share. 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. As a group, equities research analysts forecast that Regal Rexnord Corporation will post 10.64 earnings per share for the current year.

Regal Rexnord Announces Dividend

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

About Regal Rexnord

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.

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