Connor Clark & Lunn Investment Management Ltd. Buys Shares of 23,270 Regal Rexnord Corporation $RRX

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Regal Rexnord Corporation (NYSE:RRX) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 23,270 shares of the company’s stock, valued at approximately $5,543,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of Regal Rexnord during the 2nd quarter worth about $1,477,356,000. Victory Capital Management Inc. lifted its holdings 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 worth $793,983,000 after acquiring an additional 1,690,264 shares during the period. Viking Global Investors LP boosted its stake in Regal Rexnord by 25.7% in the second quarter. Viking Global Investors LP now owns 3,430,128 shares of the company’s stock valued at $497,231,000 after buying an additional 701,145 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of 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 buying an additional 131,171 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Regal Rexnord by 27.1% in the fourth quarter. Invesco Ltd. now owns 1,905,828 shares of the company’s stock valued at $267,426,000 after buying an additional 405,828 shares during the period. 99.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RRX. UBS Group set a $260.00 price objective on Regal Rexnord in a research note on Monday, June 15th. Citigroup upped their target price on shares of Regal Rexnord from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. 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 objective on the stock. Deutsche Bank Aktiengesellschaft began 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Regal Rexnord in a research report on Friday, July 17th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Regal Rexnord has an average rating of “Moderate Buy” and an average target price of $244.92.

Regal Rexnord Trading Down 0.7%

NYSE:RRX opened at $164.09 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 company has a fifty day moving average of $199.82 and a 200 day moving average of $203.22. The firm has a market capitalization of $10.93 billion, a P/E ratio of 33.83, a P/E/G ratio of 1.23 and a beta of 1.09. Regal Rexnord Corporation has a 52 week low of $127.96 and a 52 week high of $247.80.

Regal Rexnord (NYSE:RRX) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.41. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.58 billion. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.48 EPS. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, research analysts predict that Regal Rexnord Corporation will post 10.68 earnings per share for the current year.

Regal Rexnord Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be paid a $0.35 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. Regal Rexnord’s payout ratio is currently 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.