Commerce Bank Invests $46.04 Million in Regal Rexnord Corporation $RRX

Commerce Bank acquired a new stake in Regal Rexnord Corporation (NYSE:RRX) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 193,302 shares of the company’s stock, valued at approximately $46,043,000.

Several other hedge funds also recently bought and sold shares of the company. Covestor Ltd increased its holdings 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 purchasing an additional 80 shares during the period. Clearstead Trust LLC purchased a new stake in shares of Regal Rexnord in the second quarter worth $25,000. Geneos Wealth Management Inc. boosted its stake in Regal Rexnord by 135.1% during the first quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock valued at $25,000 after buying an additional 127 shares during the period. Garner Asset Management Corp bought a new stake in Regal Rexnord during the fourth quarter valued at $27,000. Finally, IFP Advisors Inc grew its position in Regal Rexnord by 34.0% during the fourth quarter. IFP Advisors Inc now owns 193 shares of the company’s stock worth $27,000 after buying an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 99.72% of the company’s stock.

Wall Street Analyst Weigh In

RRX has been the topic of a number of research analyst reports. DA Davidson initiated coverage on Regal Rexnord in a research note on Tuesday, June 16th. They issued a “buy” rating and a $260.00 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Regal Rexnord in a research report on Friday, July 17th. Citigroup boosted their price objective on Regal Rexnord from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. upped their price objective on shares of Regal Rexnord from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Finally, Wolfe Research set a $250.00 target price on shares of Regal Rexnord in a research note on Thursday, July 9th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.92.

Regal Rexnord Trading Up 0.3%

NYSE RRX opened at $166.36 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.28 and a debt-to-equity ratio of 0.66. The stock’s 50-day simple moving average is $204.51 and its two-hundred day simple moving average is $203.75. Regal Rexnord Corporation has a twelve month low of $127.96 and a twelve month high of $247.80. The company has a market capitalization of $11.08 billion, a price-to-earnings ratio of 34.30, a PEG ratio of 1.24 and a beta of 1.09.

Regal Rexnord (NYSE:RRX) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.58 by $0.41. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%.The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the company earned $2.48 EPS. The company’s revenue was up 4.2% on a year-over-year basis. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. Research analysts forecast that Regal Rexnord Corporation will post 10.68 EPS 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. Shareholders of record on Wednesday, September 30th will be given a $0.35 dividend. 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 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.