Diamond Hill Capital Management LLC Investment Advisor Makes New $94.91 Million Investment in Regal Rexnord Corporation $RRX

Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Regal Rexnord Corporation (NYSE:RRX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 398,444 shares of the company’s stock, valued at approximately $94,905,000. Diamond Hill Capital Management LLC Investment Advisor owned about 0.60% of Regal Rexnord as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Covestor Ltd boosted its holdings in shares of Regal Rexnord by 81.6% during the 4th quarter. Covestor Ltd now owns 178 shares of the company’s stock worth $25,000 after buying an additional 80 shares during the period. Clearstead Trust LLC bought a new stake in Regal Rexnord during the second quarter valued at about $25,000. Geneos Wealth Management Inc. grew its position in shares of Regal Rexnord by 135.1% in the first quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock valued at $25,000 after purchasing an additional 127 shares during the last quarter. Garner Asset Management Corp bought a new position in shares of Regal Rexnord in the fourth quarter worth about $27,000. Finally, IFP Advisors Inc lifted its position in shares of Regal Rexnord by 34.0% during the 4th quarter. IFP Advisors Inc now owns 193 shares of the company’s stock worth $27,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 99.72% of the company’s stock.

Regal Rexnord Price Performance

NYSE:RRX opened at $175.42 on Monday. The firm has a market cap of $11.68 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 1.31 and a beta of 1.09. Regal Rexnord Corporation has a 12 month low of $127.96 and a 12 month high of $247.80. 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 company’s 50-day moving average price is $208.49 and its two-hundred day moving average price is $203.68.

Regal Rexnord (NYSE:RRX) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.41. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the business posted $2.48 earnings per share. 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. On average, equities analysts anticipate that Regal Rexnord Corporation will post 10.68 EPS for the current fiscal year.

Regal Rexnord Announces Dividend

The firm 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. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Regal Rexnord’s dividend payout ratio (DPR) is currently 28.87%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. DA Davidson initiated coverage on shares of Regal Rexnord in a research note on Tuesday, June 16th. They issued a “buy” rating and a $260.00 price objective on the stock. Wolfe Research set a $250.00 target price on shares of Regal Rexnord in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Regal Rexnord in a report on Monday, July 20th. They issued a “buy” rating and a $286.00 price target for the company. UBS Group set a $260.00 price objective on shares of Regal Rexnord in a report on Monday, June 15th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Regal Rexnord in a research report on Friday, July 10th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Regal Rexnord presently has a consensus rating of “Moderate Buy” and an average price target of $244.92.

Insiders Place Their Bets

In other Regal Rexnord news, CFO Robert Rehard sold 6,499 shares of Regal Rexnord stock in a transaction on 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 completion of the transaction, the chief financial officer owned 27,965 shares in the company, valued at approximately $5,593,000. The trade was a 18.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.63% of the stock is owned by corporate insiders.

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.