Vontobel Holding Ltd. Acquires 11,992 Shares of Regal Rexnord Corporation $RRX

Vontobel Holding Ltd. lifted its holdings in shares of Regal Rexnord Corporation (NYSE:RRX - Free Report) by 4.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 267,225 shares of the company's stock after acquiring an additional 11,992 shares during the period. Vontobel Holding Ltd. owned approximately 0.40% of Regal Rexnord worth $38,737,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its position in Regal Rexnord by 135.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 221 shares of the company's stock worth $25,000 after purchasing an additional 127 shares in the last quarter. Golden State Wealth Management LLC grew its position in Regal Rexnord by 106.2% in the 1st quarter. Golden State Wealth Management LLC now owns 268 shares of the company's stock worth $31,000 after purchasing an additional 138 shares in the last quarter. Jones Financial Companies Lllp grew its position in Regal Rexnord by 91.6% in the 1st quarter. Jones Financial Companies Lllp now owns 617 shares of the company's stock worth $70,000 after purchasing an additional 295 shares in the last quarter. Headlands Technologies LLC bought a new stake in Regal Rexnord in the 1st quarter worth about $81,000. Finally, Parallel Advisors LLC grew its position in Regal Rexnord by 69.0% in the 2nd quarter. Parallel Advisors LLC now owns 818 shares of the company's stock worth $119,000 after purchasing an additional 334 shares in the last quarter. 99.72% of the stock is owned by institutional investors.

Regal Rexnord Stock Up 2.5%

RRX opened at $147.58 on Thursday. The company has a 50 day moving average of $145.63 and a 200 day moving average of $135.80. The company has a market cap of $9.79 billion, a PE ratio of 39.25, a price-to-earnings-growth ratio of 1.45 and a beta of 1.16. Regal Rexnord Corporation has a 12 month low of $90.56 and a 12 month high of $185.28. The company has a current ratio of 2.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72.

Regal Rexnord (NYSE:RRX - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.42 by $0.06. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.50 billion. Regal Rexnord had a net margin of 4.28% and a return on equity of 9.73%. Regal Rexnord's revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the firm earned $2.29 EPS. Regal Rexnord has set its FY 2025 guidance at 9.700-10.300 EPS. On average, sell-side analysts expect that Regal Rexnord Corporation will post 9.95 EPS for the current year.

Regal Rexnord Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.40 annualized dividend and a yield of 0.9%. Regal Rexnord's dividend payout ratio (DPR) is 37.23%.

Analyst Upgrades and Downgrades

RRX has been the subject of a number of recent analyst reports. Barclays reduced their price objective on shares of Regal Rexnord from $163.00 to $161.00 and set an "overweight" rating for the company in a research report on Tuesday, September 16th. Citigroup reaffirmed a "buy" rating and issued a $165.00 price objective (up from $145.00) on shares of Regal Rexnord in a research report on Tuesday, June 24th. Wall Street Zen cut shares of Regal Rexnord from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 21st. The Goldman Sachs Group dropped their target price on shares of Regal Rexnord from $192.00 to $170.00 and set a "buy" rating on the stock in a research note on Tuesday, September 16th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Regal Rexnord in a research note on Monday, September 15th. They issued an "overweight" rating and a $200.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $181.63.

About Regal Rexnord

Regal Rexnord Corporation manufactures and sells industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems worldwide. The Industrial Powertrain Solutions segment provides mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes, gear motors, clutches, brakes, special, and industrial powertrain components and solutions for food and beverage, bulk material handling, eCommerce/warehouse distribution, energy, mining, marine, agricultural machinery, turf and garden, and general industrial markets.

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