Regal Rexnord Corporation $RRX Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its position in Regal Rexnord Corporation (NYSE:RRX) by 67.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 250,735 shares of the company’s stock after purchasing an additional 100,916 shares during the period. Handelsbanken Fonder AB’s holdings in Regal Rexnord were worth $35,183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. raised its position in shares of Regal Rexnord by 135.1% in the first quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock valued at $25,000 after buying an additional 127 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Regal Rexnord during the third quarter worth about $27,000. Garner Asset Management Corp purchased a new stake in Regal Rexnord during the 4th quarter valued at about $27,000. Root Financial Partners LLC purchased a new stake in Regal Rexnord during the 3rd quarter valued at about $28,000. Finally, Advisory Services Network LLC acquired a new stake in Regal Rexnord in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 99.72% of the company’s stock.

Regal Rexnord Stock Performance

NYSE:RRX opened at $186.57 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.17 and a quick ratio of 1.08. The firm has a market capitalization of $12.42 billion, a price-to-earnings ratio of 43.39, a PEG ratio of 1.77 and a beta of 1.15. The company’s 50-day moving average is $198.92 and its two-hundred day moving average is $175.78. Regal Rexnord Corporation has a 1-year low of $127.96 and a 1-year high of $236.35.

Regal Rexnord (NYSE:RRX) last announced 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. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.43 billion. Regal Rexnord had a net margin of 4.78% and a return on equity of 9.49%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.15 EPS. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. Analysts forecast that Regal Rexnord Corporation will post 10.63 EPS for the current year.

Regal Rexnord Dividend Announcement

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 0.8%. The ex-dividend date is Tuesday, June 30th. Regal Rexnord’s dividend payout ratio is presently 32.56%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on RRX shares. Barclays raised their target price on shares of Regal Rexnord from $237.00 to $245.00 and gave the stock an “overweight” rating in a research note on Monday, March 23rd. Oppenheimer increased their price target on Regal Rexnord from $180.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Robert W. Baird set a $253.00 price objective on Regal Rexnord in a research report on Friday, February 6th. 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 note on Friday, February 6th. Finally, Citigroup upped their target price on Regal Rexnord from $230.00 to $240.00 and gave the company a “buy” rating in a report on Monday, April 13th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $231.00.

Insiders Place Their Bets

In other Regal Rexnord news, CFO Robert Rehard sold 968 shares of Regal Rexnord stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $223.00, for a total value of $215,864.00. Following the sale, the chief financial officer owned 34,447 shares in the company, valued at $7,681,681. The trade was a 2.73% decrease in their ownership of the stock. 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 the company’s stock in a transaction on Monday, May 11th. The shares were 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 trade represents a 28.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 26,063 shares of company stock valued at $5,545,547 over the last quarter. 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.