891,139 Shares in Regal Rexnord Corporation $RRX Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC acquired a new position in Regal Rexnord Corporation (NYSE:RRX) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 891,139 shares of the company’s stock, valued at approximately $212,260,000.

A number of other institutional investors have also recently bought and sold shares of RRX. Callan Family Office LLC acquired a new position in shares of Regal Rexnord during the 2nd quarter worth approximately $248,000. Keebeck Wealth Management acquired a new stake in shares of Regal Rexnord in the second quarter valued at approximately $477,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Regal Rexnord in the second quarter valued at approximately $46,000. Allworth Financial LP bought a new stake in shares of Regal Rexnord in the second quarter valued at approximately $66,000. Finally, B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Regal Rexnord in the second quarter valued at approximately $9,712,000. Institutional investors own 99.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Citigroup increased their price target on Regal Rexnord from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Regal Rexnord in a research report on Friday, July 17th. Wall Street Zen lowered Regal Rexnord from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Wolfe Research set a $250.00 price target on Regal Rexnord in a research report on Thursday, July 9th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Regal Rexnord in a research note on Friday, July 10th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $244.92.

Regal Rexnord Stock Up 0.3%

Shares of RRX opened at $166.36 on Friday. The firm has a 50 day simple moving average of $204.51 and a two-hundred day simple moving average of $203.75. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.28 and a quick ratio of 1.16. Regal Rexnord Corporation has a one year low of $127.96 and a one year high of $247.80. The company has a market cap of $11.08 billion, a P/E ratio of 34.30, a P/E/G ratio of 1.24 and a beta of 1.09.

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

Regal Rexnord Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be given a $0.35 dividend. 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 payout ratio is currently 28.87%.

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.