Regal Rexnord Corporation $RRX Shares Sold by Vontobel Holding Ltd.

Key Points

• Vontobel Holding reduced its Regal Rexnord stake by 9.8% in the third quarter, selling 25,185 shares and retaining 230,515 shares valued at approximately $35.8 million. Institutional investors collectively own 99.72% of the company.
• Regal Rexnord reported quarterly EPS of $2.99, exceeding analyst expectations of $2.58, while revenue reached $1.56 billion, up 4.2% year over year but below estimates.
• Shares recently traded at $154.17, well below their 12-month high of $247.80. Analysts maintained a consensus “Moderate Buy” rating with an average price target of $230.50, while the company declared a quarterly dividend of $0.35 per share.

Vontobel Holding Ltd. decreased its holdings in Regal Rexnord Corporation (NYSE:RRX - Free Report) by 9.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 230,515 shares of the company's stock after selling 25,185 shares during the quarter. Vontobel Holding Ltd. owned 0.35% of Regal Rexnord worth $35,755,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Regal Rexnord during the 2nd quarter valued at about $1,477,356,000. Wellington Management Group LLP raised its position in Regal Rexnord by 75.8% in the second quarter. Wellington Management Group LLP now owns 2,584,056 shares of the company's stock worth $615,496,000 after purchasing an additional 1,113,888 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Regal Rexnord in the second quarter worth about $449,281,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Regal Rexnord during the second quarter worth about $254,637,000. Finally, William Blair Investment Management LLC bought a new position in Regal Rexnord during the second quarter worth about $212,260,000. Institutional investors and hedge funds own 99.72% of the company's stock.

Regal Rexnord Price Performance

Regal Rexnord stock traded down $1.96 during trading hours on Friday, hitting $154.17. 821,815 shares of the stock were exchanged, compared to its average volume of 1,136,195. The stock has a market capitalization of $10.27 billion, a P/E ratio of 31.79, a P/E/G ratio of 1.24 and a beta of 1.09. The business's 50-day moving average is $160.83 and its two-hundred day moving average is $191.43. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 2.28. 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 posted its earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.58 by $0.41. The company had revenue of $1.56 billion during the quarter, compared to analysts' expectations of $1.58 billion. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. Regal Rexnord's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.48 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. Equities research analysts expect that Regal Rexnord Corporation will post 10.64 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, September 30th. Regal Rexnord's dividend payout ratio (DPR) is currently 28.87%.

Analysts Set New Price Targets

Several equities analysts recently commented on RRX shares. KeyCorp cut their target price on Regal Rexnord from $265.00 to $240.00 and set an "overweight" rating for the company in a research report on Thursday, August 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Regal Rexnord in a research report on Thursday. Wall Street Zen lowered Regal Rexnord from a "buy" rating to a "hold" rating in a research note on Saturday, October 3rd. JPMorgan Chase & Co. dropped their price objective on Regal Rexnord from $240.00 to $196.00 and set an "overweight" rating for the company in a research note on Friday, October 9th. Finally, Wolfe Research set a $250.00 price objective on Regal Rexnord in a report on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $230.50.

About Regal Rexnord

Regal Rexnord Corporation is a global manufacturer of industrial power, motion control and automation products. The company supplies electric motors, generators, gearboxes, bearings, couplings, clutches, brakes and related power-transmission equipment used to move, control and manage energy in industrial and commercial applications.

Its product portfolio also includes automation and motion-control technologies, conveyor and material-handling systems, precision components, and solutions designed to improve the efficiency and reliability of machinery.

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