Bastion Asset Management Inc. Takes Position in Regal Rexnord Corporation $RRX

Bastion Asset Management Inc. purchased a new stake in Regal Rexnord Corporation (NYSE:RRX) during the fourth quarter, Holdings Channel reports. The firm purchased 46,982 shares of the company’s stock, valued at approximately $6,669,000. Regal Rexnord makes up approximately 3.7% of Bastion Asset Management Inc.’s portfolio, making the stock its 13th biggest position.

A number of other institutional investors have also modified their holdings of RRX. Victory Capital Management Inc. boosted its holdings in shares of Regal Rexnord by 138.4% in the 3rd quarter. Victory Capital Management Inc. now owns 3,968,101 shares of the company’s stock valued at $566,981,000 after buying an additional 2,303,373 shares in the last quarter. Viking Global Investors LP boosted its stake in Regal Rexnord by 25.7% in the 2nd quarter. Viking Global Investors LP now owns 3,430,128 shares of the company’s stock worth $497,231,000 after purchasing an additional 701,145 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in Regal Rexnord in the 3rd quarter worth approximately $57,807,000. Westfield Capital Management Co. LP boosted its stake in Regal Rexnord by 40.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,221,730 shares of the company’s stock worth $175,245,000 after purchasing an additional 351,599 shares in the last quarter. Finally, American Century Companies Inc. acquired a new stake in Regal Rexnord in the 3rd quarter worth approximately $47,778,000. 99.72% of the stock is currently owned by institutional investors.

Regal Rexnord Stock Performance

RRX opened at $186.57 on Wednesday. Regal Rexnord Corporation has a 12-month low of $127.96 and a 12-month high of $236.35. The company has a current ratio of 2.17, a quick ratio of 1.08 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $12.42 billion, a PE ratio of 43.39, a P/E/G ratio of 1.77 and a beta of 1.15. The firm has a 50 day moving average of $198.92 and a two-hundred day moving average of $175.78.

Regal Rexnord (NYSE:RRX) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.06. Regal Rexnord had a net margin of 4.78% and a return on equity of 9.49%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the firm posted $2.15 EPS. Regal Rexnord’s revenue for the quarter was up 4.3% compared to the same quarter last year. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. On average, analysts anticipate that Regal Rexnord Corporation will post 10.63 EPS for the current year.

Regal Rexnord Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.8%. Regal Rexnord’s dividend payout ratio (DPR) is currently 32.56%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Robert W. Baird set a $253.00 target price on shares of Regal Rexnord in a research note on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Regal Rexnord in a research note on Tuesday, April 21st. Wall Street Zen cut shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 28th. Oppenheimer lifted their target price on shares of Regal Rexnord from $180.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Finally, Citigroup lifted their target price on shares of Regal Rexnord from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Regal Rexnord currently has an average rating of “Moderate Buy” and a consensus target price of $231.00.

Insiders Place Their Bets

In other news, Director Robin A. Walker-Lee sold 1,297 shares of Regal Rexnord stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $213.85, for a total transaction of $277,363.45. Following the completion of the transaction, the director directly owned 5,503 shares of the company’s stock, valued at $1,176,816.55. The trade was a 19.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Louis V. Pinkham sold 22,509 shares of Regal Rexnord stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $211.68, for a total transaction of $4,764,705.12. Following the transaction, the chief executive officer directly owned 56,749 shares of the company’s stock, valued at approximately $12,012,628.32. This trade represents a 28.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 26,063 shares of company stock valued at $5,545,547. 0.63% of the stock is owned by 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.