Regal Rexnord Corporation $RRX Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its position in shares of Regal Rexnord Corporation (NYSE:RRX) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 514,379 shares of the company’s stock after selling 3,519 shares during the period. Fisher Asset Management LLC owned 0.77% of Regal Rexnord worth $72,178,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in Regal Rexnord by 138.4% during the 3rd quarter. Victory Capital Management Inc. now owns 3,968,101 shares of the company’s stock worth $566,981,000 after buying an additional 2,303,373 shares in the last quarter. Viking Global Investors LP increased its stake in Regal Rexnord by 25.7% during the 2nd quarter. Viking Global Investors LP now owns 3,430,128 shares of the company’s stock worth $497,231,000 after buying an additional 701,145 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Regal Rexnord by 14.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,398,921 shares of the company’s stock worth $344,103,000 after buying an additional 303,378 shares in the last quarter. Invesco Ltd. increased its stake in Regal Rexnord by 17.7% during the 3rd quarter. Invesco Ltd. now owns 1,500,000 shares of the company’s stock worth $215,160,000 after buying an additional 225,734 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its stake in Regal Rexnord by 40.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,221,730 shares of the company’s stock worth $175,245,000 after buying an additional 351,599 shares in the last quarter. 99.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on RRX. Robert W. Baird set a $253.00 target price on shares of Regal Rexnord in a research report on Friday, February 6th. Barclays boosted their price target on shares of Regal Rexnord from $237.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, March 23rd. Citigroup increased their price objective on shares of Regal Rexnord from $230.00 to $240.00 and gave the company a “buy” rating in a report on Monday, April 13th. Weiss Ratings restated a “hold (c)” rating on shares of Regal Rexnord in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. boosted their target price on Regal Rexnord from $190.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $231.00.

Insider Buying and Selling

In related news, CEO Louis V. Pinkham sold 22,509 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $211.68, for a total value of $4,764,705.12. Following the completion of the transaction, the chief executive officer directly owned 56,749 shares in the company, valued at approximately $12,012,628.32. This represents a 28.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robin A. Walker-Lee sold 1,297 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $213.85, for a total value of $277,363.45. Following the completion of the transaction, the director owned 5,503 shares of the company’s stock, valued at $1,176,816.55. The trade was a 19.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 24,774 shares of company stock worth $5,257,933. Company insiders own 0.63% of the company’s stock.

Regal Rexnord Trading Up 0.1%

Shares of Regal Rexnord stock opened at $200.92 on Tuesday. The stock has a market cap of $13.38 billion, a P/E ratio of 46.73, a P/E/G ratio of 1.89 and a beta of 1.15. The stock’s 50 day simple moving average is $199.06 and its 200-day simple moving average is $177.44. Regal Rexnord Corporation has a 1-year low of $127.96 and a 1-year high of $236.35. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.17 and a quick ratio of 1.08.

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

Regal Rexnord Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, June 30th. Regal Rexnord’s dividend payout ratio is presently 32.56%.

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.