Peak Financial Advisors LLC Makes New Investment in Regal Rexnord Corporation $RRX

Peak Financial Advisors LLC acquired a new stake in Regal Rexnord Corporation (NYSE:RRX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,236 shares of the company’s stock, valued at approximately $1,898,000.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Regal Rexnord during the second quarter worth about $1,477,356,000. Wellington Management Group LLP boosted its position in shares of Regal Rexnord by 75.8% in the 2nd quarter. Wellington Management Group LLP now owns 2,584,056 shares of the company’s stock valued at $615,496,000 after purchasing an additional 1,113,888 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Regal Rexnord in the 2nd quarter valued at about $449,281,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Regal Rexnord during the 2nd quarter worth approximately $254,637,000. Finally, William Blair Investment Management LLC purchased a new position in Regal Rexnord during the 2nd quarter worth approximately $212,260,000. Hedge funds and other institutional investors own 99.72% of the company’s stock.

Wall Street Analysts Forecast Growth

RRX has been the topic of several research analyst reports. Wolfe Research set a $250.00 price target on Regal Rexnord in a research report on Thursday, July 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Regal Rexnord in a research note on Thursday, October 15th. Oppenheimer decreased their price objective on Regal Rexnord from $245.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 8th. The Goldman Sachs Group set a $216.00 target price on shares of Regal Rexnord in a research report on Wednesday, September 30th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Regal Rexnord in a research report on Monday, July 20th. They set a “buy” rating and a $286.00 target price on the stock. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $230.50.

Regal Rexnord Stock Performance

NYSE:RRX opened at $157.17 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. Regal Rexnord Corporation has a fifty-two week low of $127.96 and a fifty-two week high of $247.80. The stock has a market cap of $10.47 billion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 1.30 and a beta of 1.09. The firm’s fifty day simple moving average is $157.83 and its 200-day simple moving average is $189.26.

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. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.48 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. Analysts expect that Regal Rexnord Corporation will post 10.64 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

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

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.