Regal Rexnord Corporation $RRX Stock: Vontobel Holding Ltd. Trims Holdings

Vontobel Holding Ltd. decreased its stake in shares of Regal Rexnord Corporation (NYSE:RRX) by 9.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 230,515 shares of the company’s stock after selling 25,185 shares during the period. Vontobel Holding Ltd.’s holdings in Regal Rexnord were worth $35,755,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on RRX. The Goldman Sachs Group set a $216.00 price target on shares of Regal Rexnord in a report on Wednesday, September 30th. JPMorgan Chase & Co. dropped their price objective on shares of Regal Rexnord from $240.00 to $196.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. Wall Street Zen downgraded Regal Rexnord from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. Citigroup decreased their price objective on Regal Rexnord from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Finally, KeyCorp decreased their price objective on Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $230.50.

Regal Rexnord Trading Down 1.3%

NYSE:RRX traded down $1.96 on Friday, hitting $154.17. 821,815 shares of the stock were exchanged, compared to its average volume of 1,136,195. The stock has a market capitalization of $10.27 billion, a price-to-earnings ratio of 31.79, a P/E/G ratio of 1.24 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. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 2.28. The company’s 50-day moving average price is $160.83 and its 200 day moving average price is $191.43.

Regal Rexnord (NYSE:RRX) last released its earnings results 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 company 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 revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.48 EPS. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, equities research analysts forecast that Regal Rexnord Corporation will post 10.64 earnings per share for the current year.

Regal Rexnord Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, September 30th. Regal Rexnord’s payout ratio is 28.87%.

About Regal Rexnord

Regal Rexnord Corporation is a global manufacturer of industrial power, motion control and automation products. The company supplies electric motors, generators, gearboxes, bearings, couplings, clutches, brakes and related power-transmission equipment used to move, control and manage energy in industrial and commercial applications.

Its product portfolio also includes automation and motion-control technologies, conveyor and material-handling systems, precision components, and solutions designed to improve the efficiency and reliability of machinery.