Vanguard Group Inc. Sells 63,152 Shares of Regal Rexnord Corporation $RRX

Key Points

• Vanguard Group Inc. trimmed its stake in Regal Rexnord by 1.0%, selling 63,152 shares and retaining 6,207,007 shares — roughly 9.35% of the company valued at about $870.97 million at quarter-end.
• Regal Rexnord slightly beat quarterly EPS expectations ($2.51 vs. $2.47) while revenue missed ($1.52B vs. $1.54B); the stock trades near $212.71 with a market cap of $14.16B and a 1‑year range of $108.44–$229.30.
• Insiders have been net sellers (53,451 shares, ~$11.39M in the last 90 days) even as analysts remain largely positive — seven Buys vs. three Holds and an average price target of about $229.75.

Vanguard Group Inc. decreased its position in shares of Regal Rexnord Corporation (NYSE:RRX - Free Report) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,207,007 shares of the company's stock after selling 63,152 shares during the quarter. Vanguard Group Inc. owned approximately 9.35% of Regal Rexnord worth $870,967,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in RRX. Geneos Wealth Management Inc. grew its position in shares of Regal Rexnord by 135.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 221 shares of the company's stock worth $25,000 after buying an additional 127 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Regal Rexnord during the 3rd quarter worth $27,000. Root Financial Partners LLC bought a new position in shares of Regal Rexnord during the 3rd quarter worth $28,000. SJS Investment Consulting Inc. grew its position in shares of Regal Rexnord by 95.1% during the 3rd quarter. SJS Investment Consulting Inc. now owns 199 shares of the company's stock worth $29,000 after buying an additional 97 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Regal Rexnord during the 3rd quarter worth $35,000. Institutional investors own 99.72% of the company's stock.

Regal Rexnord Price Performance

Shares of RRX stock opened at $212.71 on Friday. Regal Rexnord Corporation has a 1-year low of $108.44 and a 1-year high of $229.30. The stock's 50-day moving average is $200.32 and its 200 day moving average is $170.79. The company has a market cap of $14.16 billion, a P/E ratio of 50.64, a PEG ratio of 1.98 and a beta of 1.15. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.15 and a quick ratio of 1.10.

Regal Rexnord (NYSE:RRX - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The company reported $2.51 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $0.04. Regal Rexnord had a return on equity of 9.60% and a net margin of 4.71%.The company had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.54 billion. During the same period last year, the business posted $2.34 earnings per share. The firm's revenue was up 4.3% compared to the same quarter last year. Research analysts predict that Regal Rexnord Corporation will post 10.73 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.40 dividend on an annualized basis and a yield of 0.7%. Regal Rexnord's dividend payout ratio (DPR) is 33.33%.

Insiders Place Their Bets

In other Regal Rexnord news, EVP Cheryl Lewis sold 2,262 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $215.73, for a total value of $487,981.26. Following the completion of the sale, the executive vice president directly owned 13,219 shares in the company, valued at approximately $2,851,734.87. This trade represents a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Louis V. Pinkham sold 36,728 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $215.52, for a total value of $7,915,618.56. Following the completion of the sale, the chief executive officer owned 83,337 shares of the company's stock, valued at approximately $17,960,790.24. This trade represents a 30.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 53,451 shares of company stock valued at $11,386,689. 0.63% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

RRX has been the topic of a number of recent research reports. KeyCorp increased their price target on Regal Rexnord from $200.00 to $255.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. raised their price objective on Regal Rexnord from $190.00 to $230.00 and gave the company an "overweight" rating in a research report on Friday, February 6th. Barclays raised their price objective on Regal Rexnord from $237.00 to $245.00 and gave the company an "overweight" rating in a research report on Monday, March 23rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Regal Rexnord in a research report on Tuesday, April 21st. Finally, Robert W. Baird set a $253.00 price objective on Regal Rexnord in a research report on Friday, February 6th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Regal Rexnord has an average rating of "Moderate Buy" and an average target price of $229.75.

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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