Regal Rexnord Corporation $RRX Stock Holdings Lifted by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors increased its Regal Rexnord stake by 5.4% in the third quarter, bringing its holdings to 167,679 shares worth approximately $26.0 million. Institutional investors collectively own 99.72% of the company.
• Analyst sentiment remains positive, with eight Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $230.50, although JPMorgan and Citigroup recently lowered their targets.
• 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 maintains a quarterly dividend of $0.35 per share, equivalent to a 0.9% annual yield.

Fort Washington Investment Advisors Inc. OH increased its holdings in Regal Rexnord Corporation (NYSE:RRX - Free Report) by 5.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 167,679 shares of the company's stock after acquiring an additional 8,564 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.25% of Regal Rexnord worth $26,009,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RRX. BlackRock Inc. purchased a new stake in Regal Rexnord in the second quarter valued at $1,477,356,000. Wellington Management Group LLP lifted its stake in shares of Regal Rexnord by 75.8% in the 2nd quarter. Wellington Management Group LLP now owns 2,584,056 shares of the company's stock valued at $615,496,000 after purchasing an additional 1,113,888 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Regal Rexnord during the 2nd quarter worth $449,281,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Regal Rexnord during the 2nd quarter worth $254,637,000. Finally, Bessemer Group Inc. grew its holdings in shares of Regal Rexnord by 4,155.4% during the 1st quarter. Bessemer Group Inc. now owns 916,054 shares of the company's stock worth $171,541,000 after purchasing an additional 894,527 shares during the period. Institutional investors and hedge funds own 99.72% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Regal Rexnord from $240.00 to $196.00 and set an "overweight" rating for the company in a research report on Friday, October 9th. Wolfe Research set a $250.00 target price on shares of Regal Rexnord in a research report on Thursday, July 9th. Wall Street Zen cut shares of Regal Rexnord from a "buy" rating to a "hold" rating in a research report on Saturday, October 3rd. Citigroup lowered their target price on shares of Regal Rexnord from $220.00 to $200.00 and set a "buy" rating for the company in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Regal Rexnord in a research report on Monday, July 20th. They set a "buy" rating and a $286.00 price target for the company. 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $230.50.

Regal Rexnord Stock Performance

Shares of RRX stock opened at $156.13 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.28 and a debt-to-equity ratio of 0.66. Regal Rexnord Corporation has a 52 week low of $127.96 and a 52 week high of $247.80. The stock has a market capitalization of $10.40 billion, a PE ratio of 15.43, a P/E/G ratio of 1.25 and a beta of 1.09. The firm has a 50 day moving average of $161.31 and a two-hundred day moving average of $191.70.

Regal Rexnord (NYSE:RRX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.58 by $0.41. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the firm posted $2.48 earnings per share. The company'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. On average, research analysts predict that Regal Rexnord Corporation will post 10.64 EPS for the current fiscal year.

Regal Rexnord Announces Dividend

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

Regal Rexnord Company Profile

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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