Regal Rexnord (NYSE:RRX) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Regal Rexnord (NYSE:RRXGet Free Report) released its earnings results on Wednesday. The company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.11 by $0.06, Zacks reports. Regal Rexnord had a return on equity of 9.60% and a net margin of 4.71%.During the same quarter in the previous year, the company earned $2.15 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. Regal Rexnord updated its FY 2026 guidance to 10.200-11.000 EPS.

Regal Rexnord Stock Performance

Shares of Regal Rexnord stock traded down $17.25 during mid-day trading on Thursday, hitting $214.12. 1,015,131 shares of the stock were exchanged, compared to its average volume of 1,102,514. The company has a 50-day simple moving average of $200.72 and a 200 day simple moving average of $172.14. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.10 and a current ratio of 2.15. Regal Rexnord has a 12 month low of $127.96 and a 12 month high of $236.35. The company has a market capitalization of $14.25 billion, a P/E ratio of 50.65, a P/E/G ratio of 2.07 and a beta of 1.15.

Regal Rexnord Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.40 annualized dividend and a dividend yield of 0.7%. Regal Rexnord’s dividend payout ratio (DPR) is currently 33.33%.

Regal Rexnord News Roundup

Here are the key news stories impacting Regal Rexnord this week:

Insider Activity at Regal Rexnord

In related news, CEO Louis V. Pinkham sold 36,728 shares of Regal Rexnord stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $215.52, for a total value of $7,915,618.56. Following the completion of the transaction, the chief executive officer directly owned 83,337 shares in the company, valued at approximately $17,960,790.24. The trade was a 30.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert Rehard sold 7,704 shares of Regal Rexnord stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $216.72, for a total transaction of $1,669,610.88. Following the completion of the transaction, the chief financial officer owned 34,154 shares of the company’s stock, valued at $7,401,854.88. This represents a 18.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 48,951 shares of company stock worth $10,576,689. Corporate insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. grew its stake in Regal Rexnord by 135.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock valued at $25,000 after buying an additional 127 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Regal Rexnord during the 3rd quarter valued at $35,000. Los Angeles Capital Management LLC purchased a new position in shares of Regal Rexnord during the 4th quarter valued at $43,000. Capital Analysts LLC grew its position in shares of Regal Rexnord by 67.8% during the 4th quarter. Capital Analysts LLC now owns 334 shares of the company’s stock valued at $47,000 after purchasing an additional 135 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of Regal Rexnord during the 3rd quarter valued at $60,000. 99.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RRX. KeyCorp restated an “overweight” rating and issued a $265.00 target price (up from $255.00) on shares of Regal Rexnord in a research note on Thursday. The Goldman Sachs Group raised their target price on Regal Rexnord from $170.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Weiss Ratings restated a “hold (c)” rating on shares of Regal Rexnord in a research note on Tuesday, April 21st. Citigroup raised their target price on Regal Rexnord from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Finally, Wall Street Zen downgraded Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 28th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $231.00.

Check Out Our Latest Analysis on Regal Rexnord

About Regal Rexnord

(Get Free Report)

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.

Further Reading

Earnings History for Regal Rexnord (NYSE:RRX)

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