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

Legal & General Group Plc acquired a new stake in Regal Rexnord Corporation (NYSE:RRX) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 87,079 shares of the company’s stock, valued at approximately $20,741,000.

A number of other institutional investors and hedge funds have also made changes to their positions in RRX. BlackRock Inc. purchased a new position in shares of Regal Rexnord during the 2nd quarter valued at approximately $1,477,356,000. Victory Capital Management Inc. increased its holdings in Regal Rexnord by 42.6% in the 4th quarter. Victory Capital Management Inc. now owns 5,658,365 shares of the company’s stock worth $793,983,000 after acquiring an additional 1,690,264 shares in the last quarter. Viking Global Investors LP raised its position in Regal Rexnord by 25.7% during the second quarter. Viking Global Investors LP now owns 3,430,128 shares of the company’s stock worth $497,231,000 after acquiring an additional 701,145 shares during the period. Dimensional Fund Advisors LP raised its position in Regal Rexnord by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,530,092 shares of the company’s stock worth $355,031,000 after acquiring an additional 131,171 shares during the period. Finally, Invesco Ltd. lifted its holdings in Regal Rexnord by 27.1% during the fourth quarter. Invesco Ltd. now owns 1,905,828 shares of the company’s stock valued at $267,426,000 after purchasing an additional 405,828 shares in the last quarter. 99.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RRX. KeyCorp dropped their target price on shares of Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Regal Rexnord in a research report on Friday, July 17th. Oppenheimer reaffirmed an “outperform” rating on shares of Regal Rexnord in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft initiated coverage on Regal Rexnord in a report on Monday, July 20th. They issued a “buy” rating and a $286.00 price objective on the stock. Finally, UBS Group set a $260.00 target price on 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, Regal Rexnord has an average rating of “Moderate Buy” and an average target price of $244.92.

Regal Rexnord Stock Performance

RRX 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 firm has a market capitalization of $10.51 billion, a PE ratio of 32.55, a PEG ratio of 1.17 and a beta of 1.09. The company has a current ratio of 2.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66. The firm’s 50-day moving average price is $198.44 and its 200 day moving average price is $202.91.

Regal Rexnord (NYSE:RRX) last released its earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 5.35% and a return on equity of 9.93%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the company 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 fiscal year.

Regal Rexnord Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be given a dividend of $0.35 per share. The ex-dividend date 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 (DPR) is presently 28.87%.

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.