Mizuho Markets Cayman LP Takes $8.60 Million Position in Regal Rexnord Corporation $RRX

Mizuho Markets Cayman LP bought a new stake in shares of Regal Rexnord Corporation (NYSE:RRX) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 61,291 shares of the company’s stock, valued at approximately $8,600,000.

Several other institutional investors also recently made changes to their positions in RRX. AQR Capital Management LLC grew its holdings in shares of Regal Rexnord by 208.1% during the first quarter. AQR Capital Management LLC now owns 17,747 shares of the company’s stock valued at $2,011,000 after purchasing an additional 11,987 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Regal Rexnord by 91.6% during the first quarter. Jones Financial Companies Lllp now owns 617 shares of the company’s stock valued at $70,000 after purchasing an additional 295 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Regal Rexnord by 135.1% during the first quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock worth $25,000 after buying an additional 127 shares during the period. Cetera Investment Advisers boosted its position in shares of Regal Rexnord by 6.7% during the second quarter. Cetera Investment Advisers now owns 3,116 shares of the company’s stock worth $452,000 after buying an additional 196 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Regal Rexnord during the second quarter worth approximately $4,759,000. 99.72% of the stock is owned by institutional investors.

Insider Buying and Selling at Regal Rexnord

In other Regal Rexnord news, CEO Louis V. Pinkham sold 22,509 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 56,749 shares in the company, valued at $12,012,628.32. This represents a 28.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robin A. Walker-Lee sold 1,297 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $213.85, for a total transaction of $277,363.45. Following the sale, the director owned 5,503 shares of the company’s stock, valued at $1,176,816.55. This trade represents a 19.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 26,063 shares of company stock worth $5,545,547 over the last ninety days. Company insiders own 0.63% of the company’s stock.

Regal Rexnord Price Performance

Shares of NYSE:RRX opened at $200.92 on Friday. The company’s fifty day moving average is $198.79 and its two-hundred day moving average is $176.70. The company has a quick ratio of 1.08, a current ratio of 2.17 and a debt-to-equity ratio of 0.69. Regal Rexnord Corporation has a 12-month low of $127.96 and a 12-month high of $236.35. The company has a market cap of $13.38 billion, a P/E ratio of 46.73, a price-to-earnings-growth ratio of 1.85 and a beta of 1.15.

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

Regal Rexnord Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, June 30th. Regal Rexnord’s dividend payout ratio is 32.56%.

Analyst Ratings Changes

Several brokerages have recently issued reports on RRX. Weiss Ratings reiterated a “hold (c)” rating on shares of Regal Rexnord in a research report on Tuesday, April 21st. KeyCorp boosted their price objective on Regal Rexnord from $255.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. boosted their price objective on Regal Rexnord from $190.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Oppenheimer boosted their price objective on Regal Rexnord from $180.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, The Goldman Sachs Group boosted their price objective on Regal Rexnord from $170.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $231.00.

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.