Regal Rexnord (NYSE:RRX) CFO Robert Rehard Sells 7,704 Shares

Regal Rexnord Corporation (NYSE:RRX) CFO Robert Rehard sold 7,704 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $216.72, for a total transaction of $1,669,610.88. Following the completion of the transaction, the chief financial officer directly owned 34,154 shares in the company, valued at approximately $7,401,854.88. This represents a 18.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Regal Rexnord Trading Up 0.6%

Shares of NYSE:RRX opened at $224.04 on Thursday. Regal Rexnord Corporation has a 12-month low of $90.56 and a 12-month high of $229.30. The business has a 50 day moving average of $158.03 and a 200-day moving average of $148.76. The company has a quick ratio of 1.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.70. The stock has a market cap of $14.87 billion, a PE ratio of 53.34, a P/E/G ratio of 2.07 and a beta of 1.13.

Regal Rexnord (NYSE:RRX) last released its quarterly earnings results on Thursday, February 5th. The company reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.04. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Regal Rexnord had a return on equity of 9.60% and a net margin of 4.71%.The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $2.34 EPS. As a group, equities research analysts forecast that Regal Rexnord Corporation will post 9.95 earnings per share for the current year.

Regal Rexnord Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.6%. Regal Rexnord’s dividend payout ratio (DPR) is currently 33.33%.

Key Headlines Impacting Regal Rexnord

Here are the key news stories impacting Regal Rexnord this week:

• Positive Sentiment: Top analyst activity: KeyCorp/KeyBanc raised their outlook — price target was raised (to $255) and the firm reiterated an overweight/buy view, supporting upside expectations for RRX. Article Title
• Positive Sentiment: Market reaction to analyst upgrade: Coverage notes the stock hit a new 52‑week high following the analyst upgrade, which can attract momentum and institutional interest. Regal Rexnord (NYSE:RRX) Sets New 52-Week High on Analyst Upgrade
• Positive Sentiment: Short interest fell meaningfully in January (down ~17%), lowering short pressure and reducing a potential headwind that can lead to upward price moves as shorts cover. No link provided
• Neutral Sentiment: Analysts drilling into Q4: Coverage and analyst Q&A from the Q4 earnings call highlight focus areas for growth and margins — useful for guidance on next-quarter expectations but not an immediate directional catalyst. Regal Rexnord’s Q4 earnings call: Our top 5 analyst questions
• Negative Sentiment: CEO Louis V. Pinkham sold 36,728 shares at an average ~$215.52 (~$7.9M), trimming his holding by ~30.6%; such large insider sales can concern investors about insider conviction. SEC Filing
• Negative Sentiment: CFO Robert Rehard sold 7,704 shares at ~\$216.72 (~\$1.67M), reducing his stake by ~18.4%; another executive sale that may weigh on sentiment. SEC Filing
• Negative Sentiment: EVP Cheryl Lewis sold 2,262 shares at ~\$215.73 (~\$488K), cutting her holding by ~14.6%; adds to the pattern of insider selling this week. SEC Filing

Hedge Funds Weigh In On Regal Rexnord

Several hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of Regal Rexnord by 208.1% during the 1st quarter. AQR Capital Management LLC now owns 17,747 shares of the company’s stock worth $2,011,000 after acquiring an additional 11,987 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Regal Rexnord by 91.6% during the first quarter. Jones Financial Companies Lllp now owns 617 shares of the company’s stock worth $70,000 after purchasing an additional 295 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Regal Rexnord by 135.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock valued at $25,000 after purchasing an additional 127 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Regal Rexnord by 7.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 4,406 shares of the company’s stock valued at $639,000 after purchasing an additional 287 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Regal Rexnord by 78.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,542 shares of the company’s stock valued at $1,239,000 after purchasing an additional 3,752 shares during the last quarter. 99.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RRX has been the topic of a number of recent research reports. Zacks Research raised shares of Regal Rexnord from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. Weiss Ratings restated a “hold (c)” rating on shares of Regal Rexnord in a research report on Thursday, January 22nd. Jefferies Financial Group cut shares of Regal Rexnord from a “buy” rating to a “hold” rating and lowered their target price for the stock from $170.00 to $160.00 in a report on Wednesday, December 10th. JPMorgan Chase & Co. lifted their price target on shares of Regal Rexnord from $190.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Finally, KeyCorp increased their price target on Regal Rexnord from $200.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $227.50.

Regal Rexnord Company 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.