Dockside LLC Purchases New Shares in Regal Rexnord Corporation $RRX

Dockside LLC acquired a new stake in shares of Regal Rexnord Corporation (NYSE:RRX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,820 shares of the company’s stock, valued at approximately $1,624,000.

A number of other large investors have also recently made changes to their positions in the business. Easterly Investment Partners LLC increased its stake in Regal Rexnord by 719.4% during the fourth quarter. Easterly Investment Partners LLC now owns 75,354 shares of the company’s stock worth $10,574,000 after acquiring an additional 66,158 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Regal Rexnord by 5.2% in the 4th quarter. Vontobel Holding Ltd. now owns 276,266 shares of the company’s stock valued at $38,766,000 after purchasing an additional 13,564 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Regal Rexnord by 4.4% in the 1st quarter. Bank of America Corp DE now owns 397,219 shares of the company’s stock worth $74,383,000 after purchasing an additional 16,615 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Regal Rexnord by 42.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,793 shares of the company’s stock valued at $3,619,000 after purchasing an additional 7,647 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Regal Rexnord by 42.6% during the 4th quarter. Victory Capital Management Inc. now owns 5,658,365 shares of the company’s stock valued at $793,983,000 after purchasing an additional 1,690,264 shares during the last quarter. 99.72% of the stock is currently owned by institutional investors.

Regal Rexnord Stock Performance

Shares of Regal Rexnord stock opened at $175.42 on Friday. 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 stock’s fifty day moving average is $208.49 and its two-hundred day moving average is $203.32. Regal Rexnord Corporation has a 52 week low of $127.96 and a 52 week high of $247.80. The company has a market capitalization of $11.68 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 1.27 and a beta of 1.09.

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 the consensus estimate of $2.58 by $0.41. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.58 billion. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%.The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $2.48 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. As a group, analysts expect that Regal Rexnord Corporation will post 10.68 earnings per share for the current 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 issued 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 0.8%. Regal Rexnord’s dividend payout ratio (DPR) is presently 28.87%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. DA Davidson began coverage on Regal Rexnord in a research report on Tuesday, June 16th. They issued a “buy” rating and a $260.00 price target for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Regal Rexnord in a research note on Monday, July 20th. They issued a “buy” rating and a $286.00 target price on the stock. Wall Street Zen cut shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. KeyCorp cut their price target on shares of Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Finally, Wolfe Research set a $250.00 price objective on shares of Regal Rexnord in a research report on Thursday, July 9th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Regal Rexnord currently has an average rating of “Moderate Buy” and a consensus price target of $244.92.

Insider Transactions at Regal Rexnord

In other Regal Rexnord news, CFO Robert Rehard sold 6,499 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $200.00, for a total value of $1,299,800.00. Following the completion of the sale, the chief financial officer directly owned 27,965 shares of the company’s stock, valued at $5,593,000. The trade was a 18.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.63% of the stock is currently owned by company insiders.

About Regal Rexnord

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.