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

Vontobel Holding Ltd. raised its position in Regal Rexnord Corporation (NYSE:RRX) by 4.7% in the 2nd quarter, Holdings Channel reports. The firm owned 267,225 shares of the company’s stock after buying an additional 11,992 shares during the quarter. Vontobel Holding Ltd.’s holdings in Regal Rexnord were worth $38,737,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of RRX. Nuveen LLC bought a new position in Regal Rexnord in the 1st quarter valued at $117,996,000. Invesco Ltd. raised its position in shares of Regal Rexnord by 76.3% during the 1st quarter. Invesco Ltd. now owns 932,829 shares of the company’s stock valued at $106,203,000 after buying an additional 403,845 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Regal Rexnord by 30.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,712,297 shares of the company’s stock valued at $194,955,000 after buying an additional 396,737 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Regal Rexnord by 11.9% during the 1st quarter. Victory Capital Management Inc. now owns 2,436,848 shares of the company’s stock valued at $277,435,000 after buying an additional 259,885 shares in the last quarter. Finally, Brandywine Global Investment Management LLC purchased a new stake in shares of Regal Rexnord during the 1st quarter valued at $25,678,000. 99.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Citigroup restated a “buy” rating and set a $165.00 price objective (up previously from $145.00) on shares of Regal Rexnord in a research report on Tuesday, June 24th. Barclays lowered their price objective on shares of Regal Rexnord from $163.00 to $161.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 16th. KeyCorp set a $180.00 price objective on shares of Regal Rexnord and gave the company an “overweight” rating in a research report on Thursday, June 26th. Wall Street Zen cut shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 21st. Finally, The Goldman Sachs Group lowered their price objective on shares of Regal Rexnord from $192.00 to $170.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.63.

Regal Rexnord Price Performance

Shares of NYSE:RRX opened at $147.58 on Thursday. The stock has a market cap of $9.79 billion, a PE ratio of 39.25, a PEG ratio of 1.45 and a beta of 1.16. The company’s fifty day moving average is $145.63 and its 200 day moving average is $135.80. Regal Rexnord Corporation has a 52 week low of $90.56 and a 52 week high of $185.28. The company has a quick ratio of 0.93, a current ratio of 2.00 and a debt-to-equity ratio of 0.72.

Regal Rexnord (NYSE:RRX) last issued its earnings results on Tuesday, August 5th. The company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.06. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Regal Rexnord had a net margin of 4.28% and a return on equity of 9.73%. The firm’s revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.29 EPS. Regal Rexnord has set its FY 2025 guidance at 9.700-10.300 EPS. Research analysts anticipate that Regal Rexnord Corporation will post 9.95 earnings per share for the current year.

Regal Rexnord Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a $0.35 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. Regal Rexnord’s payout ratio is presently 37.23%.

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.