Deutsche Bank AG Purchases New Position in Regal Rexnord Corporation $RRX

Deutsche Bank AG acquired a new stake in Regal Rexnord Corporation (NYSE:RRX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,732 shares of the company’s stock, valued at approximately $4,462,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of RRX. Covestor Ltd boosted its position in shares of Regal Rexnord by 81.6% in the fourth quarter. Covestor Ltd now owns 178 shares of the company’s stock worth $25,000 after buying an additional 80 shares during the period. Clearstead Trust LLC purchased a new stake in shares of Regal Rexnord during the 2nd quarter valued at about $25,000. Geneos Wealth Management Inc. lifted its position in Regal Rexnord by 135.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock worth $25,000 after acquiring an additional 127 shares in the last quarter. Garner Asset Management Corp acquired a new position in Regal Rexnord during the 4th quarter worth approximately $27,000. Finally, IFP Advisors Inc boosted its holdings in Regal Rexnord by 34.0% in the 4th quarter. IFP Advisors Inc now owns 193 shares of the company’s stock worth $27,000 after acquiring an additional 49 shares during the period. Institutional investors and hedge funds own 99.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on RRX shares. KeyCorp lowered their price objective on shares of Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. UBS Group set a $260.00 target price on shares of Regal Rexnord in a research note on Monday, June 15th. Oppenheimer reaffirmed an “outperform” rating on shares of Regal Rexnord in a report on Friday, July 10th. Citigroup lifted their price target on shares of Regal Rexnord from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, DA Davidson initiated coverage on shares of Regal Rexnord in a report on Tuesday, June 16th. They issued a “buy” rating and a $260.00 price objective on the stock. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $244.92.

Regal Rexnord Stock Down 0.3%

Shares of NYSE:RRX opened at $162.20 on Wednesday. The firm has a market cap of $10.80 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. The company has a fifty day simple moving average of $202.19 and a 200 day simple moving average of $203.81. The company has a current ratio of 2.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66. Regal Rexnord Corporation has a 12-month low of $127.96 and a 12-month high of $247.80.

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

Regal Rexnord Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.40 annualized dividend and a dividend yield of 0.9%. Regal Rexnord’s dividend payout ratio (DPR) is presently 28.87%.

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.