6,820 Shares in Regal Rexnord Corporation $RRX Bought by Dockside LLC

Dockside LLC bought a new stake in shares of Regal Rexnord Corporation (NYSE:RRX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,820 shares of the company’s stock, valued at approximately $1,624,000.

Several other hedge funds have also bought and sold shares of RRX. Covestor Ltd raised 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 worth $25,000 after buying an additional 80 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Regal Rexnord by 135.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock valued at $25,000 after acquiring an additional 127 shares during the period. Garner Asset Management Corp purchased a new stake in Regal Rexnord in the 4th quarter worth approximately $27,000. IFP Advisors Inc increased its holdings in Regal Rexnord by 34.0% in the 4th quarter. IFP Advisors Inc now owns 193 shares of the company’s stock worth $27,000 after acquiring an additional 49 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in Regal Rexnord during the 3rd quarter worth approximately $35,000. Institutional investors own 99.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on RRX shares. KeyCorp dropped their price target on shares of Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. Citigroup raised their price objective on shares of Regal Rexnord from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. DA Davidson began coverage on shares of Regal Rexnord in a report on Tuesday, June 16th. They issued a “buy” rating and a $260.00 target price for the company. Wall Street Zen lowered Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Finally, Oppenheimer reissued an “outperform” rating on shares of Regal Rexnord in a report on Friday, July 10th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Regal Rexnord currently has an average rating of “Moderate Buy” and an average target price of $244.92.

Insider Activity

In related news, CFO Robert Rehard sold 6,499 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $200.00, for a total value of $1,299,800.00. Following the sale, the chief financial officer directly owned 27,965 shares in the company, valued at approximately $5,593,000. The trade was a 18.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.63% of the company’s stock.

Regal Rexnord Trading Up 2.8%

Regal Rexnord stock opened at $175.42 on Friday. Regal Rexnord Corporation has a 1 year low of $127.96 and a 1 year high of $247.80. The firm’s 50 day moving average price is $208.49 and its 200-day moving average price is $203.32. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.28 and a quick ratio of 1.16. The stock has a market cap of $11.68 billion, a P/E ratio of 36.17, a PEG ratio of 1.27 and a beta of 1.09.

Regal Rexnord (NYSE:RRX) last issued its earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.41. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates 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 for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.48 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, equities analysts predict that Regal Rexnord Corporation will post 10.68 earnings per share for the current fiscal year.

Regal Rexnord Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. Regal Rexnord’s dividend payout ratio (DPR) is presently 28.87%.

About Regal Rexnord

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.