Oppenheimer Asset Management Inc. Makes New Investment in Regal Rexnord Corporation $RRX

Oppenheimer Asset Management Inc. purchased a new stake in Regal Rexnord Corporation (NYSE:RRX) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 21,274 shares of the company’s stock, valued at approximately $5,067,000.

Several other institutional investors also recently made changes to their positions in RRX. Dockside LLC purchased a new position in shares of Regal Rexnord in the 2nd quarter worth $1,624,000. Handelsbanken Fonder AB boosted its holdings in Regal Rexnord by 8.0% in the second quarter. Handelsbanken Fonder AB now owns 18,914 shares of the company’s stock valued at $4,505,000 after acquiring an additional 1,400 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Regal Rexnord during the second quarter valued at about $43,000. GAMMA Investing LLC grew its position in Regal Rexnord by 6.3% during the second quarter. GAMMA Investing LLC now owns 2,380 shares of the company’s stock valued at $567,000 after acquiring an additional 142 shares during the period. Finally, Avior Wealth Management LLC increased its stake in Regal Rexnord by 27.0% during the second quarter. Avior Wealth Management LLC now owns 2,150 shares of the company’s stock worth $512,000 after acquiring an additional 457 shares during the last quarter. 99.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Regal Rexnord news, CFO Robert Rehard sold 6,499 shares of Regal Rexnord stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $200.00, for a total transaction of $1,299,800.00. Following the sale, the chief financial officer directly owned 27,965 shares in the company, valued at $5,593,000. The trade was a 18.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.63% of the stock is currently owned by company insiders.

Regal Rexnord Stock Performance

NYSE:RRX opened at $175.42 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.28 and a quick ratio of 1.16. The firm has a 50-day moving average of $208.49 and a two-hundred day moving average of $203.32. The stock has a market cap of $11.68 billion, a P/E ratio of 36.17, a PEG ratio of 1.31 and a beta of 1.09. Regal Rexnord Corporation has a 1-year low of $127.96 and a 1-year high of $247.80.

Regal Rexnord (NYSE:RRX) last announced its earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.41. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%.The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the firm earned $2.48 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, research analysts expect that Regal Rexnord Corporation will post 10.68 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, September 30th. Regal Rexnord’s dividend payout ratio (DPR) is 28.87%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RRX. Weiss Ratings restated a “hold (c)” rating on shares of Regal Rexnord in a report on Friday, July 17th. Citigroup boosted their target price on Regal Rexnord from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Wall Street Zen downgraded shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. KeyCorp cut their price target on shares of Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Finally, Wolfe Research set a $250.00 price target on shares of Regal Rexnord in a research report on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Regal Rexnord presently has an average rating of “Moderate Buy” and a consensus price target of $244.92.

Regal Rexnord Company 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.