Legal & General Group Plc Makes New $20.74 Million Investment in Regal Rexnord Corporation $RRX

Legal & General Group Plc acquired a new stake in shares of Regal Rexnord Corporation (NYSE:RRX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 87,079 shares of the company’s stock, valued at approximately $20,741,000. Legal & General Group Plc owned about 0.13% of Regal Rexnord at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc raised its stake 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 during the last quarter. Parallel Advisors LLC grew its stake in Regal Rexnord by 5.6% during the 1st quarter. Parallel Advisors LLC now owns 938 shares of the company’s stock valued at $176,000 after purchasing an additional 50 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in Regal Rexnord by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 14,855 shares of the company’s stock valued at $2,084,000 after purchasing an additional 60 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Regal Rexnord by 6.2% in the fourth quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $144,000 after purchasing an additional 60 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its holdings in shares of Regal Rexnord by 3.2% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,092 shares of the company’s stock valued at $392,000 after purchasing an additional 65 shares during the period. 99.72% of the stock is owned by institutional investors and hedge funds.

Regal Rexnord Stock Down 3.7%

Shares of RRX stock opened at $157.88 on Friday. Regal Rexnord Corporation has a twelve month low of $127.96 and a twelve month high of $247.80. The stock has a market cap of $10.51 billion, a P/E ratio of 32.55, a P/E/G ratio of 1.17 and a beta of 1.09. The stock has a 50 day moving average of $198.44 and a 200 day moving average of $202.91. 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 released its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.58 by $0.41. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.48 EPS. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. As a group, sell-side analysts expect that Regal Rexnord Corporation will post 10.68 EPS for the current year.

Regal Rexnord Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. Regal Rexnord’s dividend payout ratio is 28.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on RRX shares. Wolfe Research set a $250.00 target price on Regal Rexnord in a report on Thursday, July 9th. Citigroup lifted their price objective on shares of Regal Rexnord from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Regal Rexnord in a report on Friday, July 17th. Wall Street Zen lowered shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Finally, UBS Group set a $260.00 target price on shares of Regal Rexnord in a report on Monday, June 15th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $244.92.

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.