William Blair Investment Management LLC Makes New $212.26 Million Investment in Regal Rexnord Corporation $RRX

Key Points

• William Blair Investment Management acquired 891,139 Regal Rexnord shares worth approximately $212.26 million, representing about 1.34% of the company. Institutional investors collectively own 99.72% of RRX.
• Analysts maintain a generally positive outlook, with eight Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $244.92.
• Regal Rexnord reported quarterly EPS of $2.99, beating estimates by $0.41, while revenue rose 4.2% year over year to $1.56 billion. The company also declared a quarterly dividend of $0.35 per share, for an annualized yield of 0.8%.

William Blair Investment Management LLC acquired a new position in shares of Regal Rexnord Corporation (NYSE:RRX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 891,139 shares of the company's stock, valued at approximately $212,260,000. William Blair Investment Management LLC owned approximately 1.34% of Regal Rexnord as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Covestor Ltd grew its stake in shares of Regal Rexnord by 81.6% in the fourth quarter. Covestor Ltd now owns 178 shares of the company's stock valued at $25,000 after buying an additional 80 shares in the last quarter. Clearstead Trust LLC bought a new stake in Regal Rexnord during the second quarter worth $25,000. Geneos Wealth Management Inc. raised its position in Regal Rexnord by 135.1% during the first quarter. Geneos Wealth Management Inc. now owns 221 shares of the company's stock worth $25,000 after acquiring an additional 127 shares in the last quarter. Garner Asset Management Corp acquired a new stake in Regal Rexnord in the fourth quarter valued at $27,000. Finally, IFP Advisors Inc lifted its stake in Regal Rexnord by 34.0% in the fourth quarter. IFP Advisors Inc now owns 193 shares of the company's stock valued at $27,000 after acquiring an additional 49 shares during the last quarter. Institutional investors and hedge funds own 99.72% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on RRX shares. Weiss Ratings restated a "hold (c)" rating on shares of Regal Rexnord in a research note on Friday, July 17th. UBS Group set a $260.00 target price on shares of Regal Rexnord in a research note on Monday, June 15th. Wall Street Zen cut Regal Rexnord from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 18th. KeyCorp lowered their price target on Regal Rexnord from $265.00 to $240.00 and set an "overweight" rating on the stock in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Regal Rexnord in a research note on Monday, July 20th. They issued a "buy" rating and a $286.00 price objective on the stock. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $244.92.

Regal Rexnord Price Performance

Shares of RRX opened at $166.36 on Friday. The firm has a market capitalization of $11.08 billion, a PE ratio of 34.30, a PEG ratio of 1.24 and a beta of 1.09. The company's 50-day moving average is $204.51 and its 200-day moving average is $203.75. 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 debt-to-equity ratio of 0.66, a current ratio of 2.28 and a quick ratio of 1.16.

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

Regal Rexnord Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. Regal Rexnord's dividend payout ratio is presently 28.87%.

Regal Rexnord Profile

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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