Sequoia Financial Advisors LLC Has $5.93 Million Stake in Regal Rexnord Corporation $RRX

Key Points

• Sequoia Financial Advisors increased its Regal Rexnord stake by 1,196.7% in the second quarter, ending with 24,910 shares valued at approximately $5.93 million. Institutional investors collectively own 99.72% of the company.
• Regal Rexnord reported quarterly EPS of $2.99, beating estimates of $2.58, while revenue rose 4.2% year over year to $1.56 billion, slightly below expectations.
• The company declared a quarterly dividend of $0.35, or $1.40 annually, representing a 0.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $244.92, above the reported share price of $162.14.

Sequoia Financial Advisors LLC increased its position in Regal Rexnord Corporation (NYSE:RRX - Free Report) by 1,196.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,910 shares of the company's stock after purchasing an additional 22,989 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Regal Rexnord were worth $5,933,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its stake in Regal Rexnord by 23,869.5% in the 2nd quarter. California State Teachers Retirement System now owns 17,490,292 shares of the company's stock valued at $4,166,013,000 after buying an additional 17,417,323 shares during the last quarter. BlackRock Inc. acquired a new stake in Regal Rexnord during the second quarter worth about $1,477,356,000. Bank of New York Mellon Corp acquired a new stake in shares of Regal Rexnord during the 2nd quarter worth approximately $449,281,000. Victory Capital Management Inc. increased its stake in shares of Regal Rexnord by 42.6% in the 4th quarter. Victory Capital Management Inc. now owns 5,658,365 shares of the company's stock valued at $793,983,000 after purchasing an additional 1,690,264 shares during the last quarter. Finally, Wellington Management Group LLP grew 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 valued at $615,496,000 after acquiring an additional 1,113,888 shares during the last quarter. 99.72% of the stock is owned by institutional investors.

Regal Rexnord Price Performance

Regal Rexnord stock opened at $162.14 on Friday. The company has a current ratio of 2.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66. The company has a market cap of $10.80 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 1.17 and a beta of 1.06. Regal Rexnord Corporation has a 12 month low of $127.96 and a 12 month high of $247.80. The business's 50 day simple moving average is $185.78 and its 200 day simple moving average is $198.86.

Regal Rexnord (NYSE:RRX - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.58 billion. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%.The firm's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.48 EPS. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. Sell-side analysts forecast that Regal Rexnord Corporation will post 10.68 EPS for the current year.

Regal Rexnord Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on RRX. Wolfe Research set a $250.00 price target on shares of Regal Rexnord in a report on Thursday, July 9th. KeyCorp decreased their price objective on shares of Regal Rexnord from $265.00 to $240.00 and set an "overweight" rating for the company in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft began coverage on Regal Rexnord in a report on Monday, July 20th. They issued a "buy" rating and a $286.00 target price for the company. DA Davidson began coverage on shares of Regal Rexnord in a report on Tuesday, June 16th. They set a "buy" rating and a $260.00 price objective on the stock. Finally, UBS Group set a $260.00 target price on Regal Rexnord in a research report on Monday, June 15th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $244.92.

Regal Rexnord Profile

Regal Rexnord Corporation NYSE: RRX is a global manufacturer of industrial powertrain, motion control, automation and air-management products. The company develops technologies that help customers operate equipment more efficiently, reliably and safely across a range of industrial and commercial applications.

Its product portfolio includes electric motors and generators, gearboxes and geared motors, bearings, couplings, clutches, brakes, conveyor components, belting, automation systems, power-transmission products, fans and blowers.

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