4,427 Shares in Regal Rexnord Corporation $RRX Acquired by Empowered Funds LLC

Empowered Funds LLC bought a new stake in shares of Regal Rexnord Corporation (NYSE:RRX) in the second quarter, Holdings Channel reports. The fund bought 4,427 shares of the company’s stock, valued at approximately $1,054,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. lifted its holdings in Regal Rexnord by 5.2% in the fourth quarter. Vontobel Holding Ltd. now owns 276,266 shares of the company’s stock valued at $38,766,000 after acquiring an additional 13,564 shares during the period. Easterly Investment Partners LLC increased its holdings in shares of Regal Rexnord by 719.4% during the 4th quarter. Easterly Investment Partners LLC now owns 75,354 shares of the company’s stock valued at $10,574,000 after purchasing an additional 66,158 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Regal Rexnord by 4.4% during the 1st quarter. Bank of America Corp DE now owns 397,219 shares of the company’s stock valued at $74,383,000 after purchasing an additional 16,615 shares in the last quarter. BlackRock Inc. purchased a new stake in Regal Rexnord during the second quarter worth $1,477,356,000. Finally, Medina Value Partners LLC purchased a new stake in Regal Rexnord during the second quarter worth $12,349,675. 99.72% of the stock is owned by institutional investors and hedge funds.

Regal Rexnord Stock Performance

Shares of NYSE:RRX opened at $162.60 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.28 and a quick ratio of 1.16. The business’s 50 day moving average price is $192.17 and its 200-day moving average price is $200.84. The firm has a market capitalization of $10.83 billion, a PE ratio of 33.53, a P/E/G ratio of 1.21 and a beta of 1.06. Regal Rexnord Corporation has a 1 year low of $127.96 and a 1 year high of $247.80.

Regal Rexnord (NYSE:RRX) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.58 by $0.41. The firm 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 firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.48 EPS. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. As a group, equities research analysts expect that Regal Rexnord Corporation will post 10.68 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RRX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Regal Rexnord in a report on Friday, July 17th. KeyCorp reduced their target price on Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. UBS Group set a $260.00 target price on Regal Rexnord in a research report on Monday, June 15th. Oppenheimer reissued an “outperform” rating on shares of Regal Rexnord in a research note on Friday, July 10th. Finally, Citigroup upped their price objective on shares of Regal Rexnord from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.