Stanley Capital Management LLC Takes Position in Regal Rexnord Corporation $RRX

Key Points

• Stanley Capital Management bought 133,600 shares of Regal Rexnord worth approximately $31.8 million, making up 4.2% of its portfolio and about 0.20% of RRX’s outstanding stock.
• Analysts maintain a favorable outlook, with eight Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and an average price target of $244.92.
• Regal Rexnord exceeded quarterly EPS expectations, reporting $2.99 versus the $2.58 consensus estimate, while revenue rose 4.2% year over year. The company also declared a quarterly dividend of $0.35 per share, a 0.9% annualized yield.

Stanley Capital Management LLC bought a new stake in shares of Regal Rexnord Corporation (NYSE:RRX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 133,600 shares of the company's stock, valued at approximately $31,822,000. Regal Rexnord makes up about 4.2% of Stanley Capital Management LLC's portfolio, making the stock its 4th biggest position. Stanley Capital Management LLC owned approximately 0.20% of Regal Rexnord at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of RRX. Clearstead Trust LLC purchased a new position in shares of Regal Rexnord during the second quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Regal Rexnord in the 2nd quarter valued at about $27,000. Covestor Ltd increased its stake in shares of Regal Rexnord by 81.6% in the 4th quarter. Covestor Ltd now owns 178 shares of the company's stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Regal Rexnord during the second quarter worth approximately $43,000. Finally, FNY Investment Advisers LLC purchased a new position in Regal Rexnord during the second quarter worth approximately $43,000. Hedge funds and other institutional investors own 99.72% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup upped their price objective on shares of Regal Rexnord from $240.00 to $260.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Wolfe Research set a $250.00 price target on shares of Regal Rexnord in a research report on Thursday, July 9th. DA Davidson started coverage on Regal Rexnord in a report on Tuesday, June 16th. They issued a "buy" rating and a $260.00 price objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on Regal Rexnord in a research note on Monday, July 20th. They set a "buy" rating and a $286.00 price objective for the company. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Regal Rexnord in a research note on Friday, July 17th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $244.92.

Regal Rexnord Price Performance

Shares of RRX opened at $162.20 on Wednesday. The company has a market cap of $10.80 billion, a P/E ratio of 33.44, a PEG ratio of 1.21 and a beta of 1.09. Regal Rexnord Corporation has a fifty-two week low of $127.96 and a fifty-two week high of $247.80. The company has a quick ratio of 1.16, a current ratio of 2.28 and a debt-to-equity ratio of 0.66. The firm's 50 day moving average price is $202.19 and its 200 day moving average price is $203.81.

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 the consensus estimate 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 company's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $2.48 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, research analysts forecast that Regal Rexnord Corporation will post 10.68 earnings per share for the current fiscal year.

Regal Rexnord Announces Dividend

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

About Regal Rexnord

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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