Woodline Partners LP Takes Position in Regal Rexnord Corporation $RRX

Key Points

• Woodline Partners LP has acquired a new stake in Regal Rexnord Corporation, purchasing 49,163 shares valued at approximately $5.6 million, representing about 0.07% of the company's stock.
• Regal Rexnord reported a quarterly earnings of $2.48 per share, exceeding analysts' expectations, and set its FY 2025 EPS guidance between 9.700-10.300.
• The company has declared a quarterly dividend of $0.35 per share, which will be distributed to investors on October 14th, resulting in an annualized yield of 1.0% and a payout ratio of 37.23%.

Woodline Partners LP acquired a new position in Regal Rexnord Corporation (NYSE:RRX - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 49,163 shares of the company's stock, valued at approximately $5,597,000. Woodline Partners LP owned approximately 0.07% of Regal Rexnord as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Dean Capital Management grew its position in Regal Rexnord by 2.0% in the 1st quarter. Dean Capital Management now owns 9,886 shares of the company's stock worth $1,126,000 after purchasing an additional 192 shares in the last quarter. United Services Automobile Association bought a new position in shares of Regal Rexnord during the 1st quarter valued at approximately $507,000. Jones Financial Companies Lllp increased its stake in shares of Regal Rexnord by 91.6% during 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 during the last quarter. Millennium Management LLC increased its stake in shares of Regal Rexnord by 3.9% during the 1st quarter. Millennium Management LLC now owns 251,126 shares of the company's stock worth $28,591,000 after purchasing an additional 9,414 shares during the last quarter. Finally, Invenomic Capital Management LP bought a new stake in shares of Regal Rexnord in the 1st quarter worth approximately $10,428,000. 99.72% of the stock is owned by institutional investors.

Regal Rexnord Price Performance

NYSE RRX traded up $2.04 on Monday, hitting $140.90. The stock had a trading volume of 843,754 shares, compared to its average volume of 663,098. Regal Rexnord Corporation has a 52-week low of $90.56 and a 52-week high of $185.28. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 2.00. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 37.47, a price-to-earnings-growth ratio of 1.40 and a beta of 1.18. The firm has a 50-day moving average of $148.22 and a 200-day moving average of $133.18.

Regal Rexnord (NYSE:RRX - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.06. Regal Rexnord had a net margin of 4.28% and a return on equity of 9.73%. The business had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the prior year, the company posted $2.29 EPS. The business's revenue for the quarter was down 3.3% compared to the same quarter last year. Regal Rexnord has set its FY 2025 guidance at 9.700-10.300 EPS. Equities analysts expect that Regal Rexnord Corporation will post 9.95 EPS for the current year.

Regal Rexnord Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.40 annualized dividend and a yield of 1.0%. Regal Rexnord's dividend payout ratio is currently 37.23%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on RRX shares. Barclays lifted their price target on shares of Regal Rexnord from $160.00 to $165.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. The Goldman Sachs Group lifted their price target on shares of Regal Rexnord from $173.00 to $195.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Citigroup reaffirmed a "buy" rating and issued a $165.00 price target (up previously from $145.00) on shares of Regal Rexnord in a report on Tuesday, June 24th. JPMorgan Chase & Co. started coverage on shares of Regal Rexnord in a report on Monday. They issued an "overweight" rating and a $200.00 price target on the stock. Finally, KeyCorp set a $180.00 price target on shares of Regal Rexnord and gave the stock an "overweight" rating in a report on Thursday, June 26th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $186.89.

Regal Rexnord Profile

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.