Public Employees Retirement System of Ohio Invests $4.87 Million in Regal Rexnord Corporation $RRX

Public Employees Retirement System of Ohio acquired a new stake in Regal Rexnord Corporation (NYSE:RRX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 20,457 shares of the company’s stock, valued at approximately $4,873,000.

Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in 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 buying an additional 11,987 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Regal Rexnord by 91.6% during the first quarter. Jones Financial Companies Lllp now owns 617 shares of the company’s stock valued at $70,000 after acquiring an additional 295 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Regal Rexnord by 135.1% during the first quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock valued at $25,000 after acquiring an additional 127 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Regal Rexnord by 6.7% during the second quarter. Cetera Investment Advisers now owns 3,116 shares of the company’s stock worth $452,000 after purchasing an additional 196 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Regal Rexnord during the second quarter worth $4,759,000. Institutional investors own 99.72% of the company’s stock.

Regal Rexnord Trading Up 2.5%

RRX opened at $160.96 on Thursday. The company has a fifty day moving average price of $194.60 and a two-hundred day moving average price of $201.52. Regal Rexnord Corporation has a 1-year low of $127.96 and a 1-year high of $247.80. The company has a market cap of $10.72 billion, a P/E ratio of 33.19, a price-to-earnings-growth ratio of 1.17 and a beta of 1.06. 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the firm earned $2.48 EPS. The business’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. Analysts predict that Regal Rexnord Corporation will post 10.68 EPS for the current fiscal year.

Regal Rexnord Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on RRX shares. Citigroup increased their price objective on Regal Rexnord from $240.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Regal Rexnord in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft started coverage on Regal Rexnord in a research note on Monday, July 20th. They issued a “buy” rating and a $286.00 price objective on the stock. Wolfe Research set a $250.00 target price on Regal Rexnord in a report on Thursday, July 9th. Finally, UBS Group set a $260.00 price target on shares of Regal Rexnord in a research report on Monday, June 15th. Eight equities 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, Regal Rexnord has an average rating of “Moderate Buy” and an average price target 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.