Regal Rexnord Corporation $RRX Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG reduced its stake in shares of Regal Rexnord Corporation (NYSE:RRX) by 3.9% in the 3rd quarter, Holdings Channel reports. The fund owned 678,280 shares of the company’s stock after selling 27,593 shares during the period. Regal Rexnord makes up 1.9% of Robeco Schweiz AG’s investment portfolio, making the stock its 15th largest position. Robeco Schweiz AG’s holdings in Regal Rexnord were worth $105,208,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Engineers Gate Manager LP acquired a new stake in shares of Regal Rexnord during the 2nd quarter worth approximately $11,920,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Regal Rexnord during the 2nd quarter valued at approximately $2,161,000. Medina Value Partners LLC purchased a new position in shares of Regal Rexnord during the 2nd quarter valued at approximately $12,349,675. Bank of America Corp DE lifted its stake in shares of Regal Rexnord by 4.4% in the 1st quarter. Bank of America Corp DE now owns 397,219 shares of the company’s stock valued at $74,383,000 after purchasing an additional 16,615 shares during the period. Finally, BlackRock Inc. acquired a new position in shares of Regal Rexnord in the 2nd quarter valued at $1,477,356,000. 99.72% of the stock is currently owned by hedge funds and other institutional investors.

Regal Rexnord Stock Down 0.6%

Shares of RRX opened at $147.87 on Friday. The firm has a market cap of $9.85 billion, a P/E ratio of 30.49, a PEG ratio of 1.18 and a beta of 1.09. Regal Rexnord Corporation has a 12 month low of $127.96 and a 12 month high of $247.80. The stock’s 50 day moving average is $158.92 and its two-hundred day moving average is $190.35. The company has a current ratio of 2.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66.

Regal Rexnord (NYSE:RRX) last announced its earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share 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 return on equity of 9.93% and a net margin of 5.35%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.48 EPS. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. Analysts predict that Regal Rexnord Corporation will post 10.64 earnings per share for the current fiscal year.

Regal Rexnord Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 14th. Investors of record on Thursday, December 31st will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. Regal Rexnord’s dividend payout ratio (DPR) is currently 28.87%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RRX. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Regal Rexnord in a report on Monday, July 20th. They set a “buy” rating and a $286.00 price target on the stock. Wolfe Research set a $250.00 price target on shares of Regal Rexnord in a research report on Thursday, July 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Regal Rexnord in a report on Thursday, October 15th. Oppenheimer decreased their price objective on shares of Regal Rexnord from $245.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Regal Rexnord from $240.00 to $196.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $230.50.

Regal Rexnord Company Profile

Regal Rexnord Corporation is an industrial manufacturing company that develops and produces electric motors, power transmission components, motion-control systems and other equipment used in industrial and commercial applications. Its products include motors, gearboxes, bearings, couplings, belts, chains, drives, clutches, brakes and related controls, as well as air-moving and power-management solutions.

The company serves customers across industries such as automation, material handling, food and beverage, renewable energy, heating and ventilation, agriculture, and general industrial production.