Regal Rexnord Corporation $RRX Stock Sold by Leeward Investments LLC MA

Leeward Investments LLC MA cut its holdings in Regal Rexnord Corporation (NYSE:RRX) by 3.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 206,147 shares of the company’s stock after selling 7,634 shares during the period. Regal Rexnord comprises approximately 1.6% of Leeward Investments LLC MA’s holdings, making the stock its 6th biggest position. Leeward Investments LLC MA’s holdings in Regal Rexnord were worth $31,975,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of RRX. BlackRock Inc. acquired a new stake in Regal Rexnord during the second quarter worth about $1,477,356,000. Wellington Management Group LLP lifted its holdings in Regal Rexnord by 75.8% in the second quarter. Wellington Management Group LLP now owns 2,584,056 shares of the company’s stock worth $615,496,000 after acquiring an additional 1,113,888 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Regal Rexnord in the second quarter worth about $449,281,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Regal Rexnord in the second quarter worth about $254,637,000. Finally, Bessemer Group Inc. boosted its stake in Regal Rexnord by 4,155.4% in the first quarter. Bessemer Group Inc. now owns 916,054 shares of the company’s stock valued at $171,541,000 after acquiring an additional 894,527 shares during the period. Institutional investors own 99.72% of the company’s stock.

Regal Rexnord Price Performance

NYSE RRX opened at $147.87 on Monday. Regal Rexnord Corporation has a 52 week low of $127.96 and a 52 week high of $247.80. 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 stock has a market cap of $9.85 billion, a price-to-earnings ratio of 30.49, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09. The company has a 50-day moving average price of $158.92 and a two-hundred day moving average price of $190.38.

Regal Rexnord (NYSE:RRX) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.99 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the business earned $2.48 earnings per share. Regal Rexnord’s revenue was up 4.2% compared to the same quarter last year. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. Analysts forecast that Regal Rexnord Corporation will post 10.64 EPS for the current year.

Regal Rexnord Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 14th. Investors of record on Thursday, December 31st will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, December 31st. Regal Rexnord’s dividend payout ratio (DPR) is currently 28.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. KeyCorp lowered their target price on Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Oppenheimer dropped their price target on Regal Rexnord from $245.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 8th. Wall Street Zen raised Regal Rexnord from a “hold” rating to a “buy” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft began coverage on Regal Rexnord in a report on Monday, July 20th. They issued a “buy” rating and a $286.00 price target on the stock. Finally, Citigroup reduced their price objective on Regal Rexnord from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, October 12th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Regal Rexnord has a consensus rating of “Moderate Buy” and a consensus price target of $230.50.

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.