Fisher Asset Management LLC Lowers Holdings in Regal Rexnord Corporation $RRX

Fisher Asset Management LLC trimmed its position in shares of Regal Rexnord Corporation (NYSE:RRX) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & 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’s holdings in Regal Rexnord were worth $72,178,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Covestor Ltd raised its holdings in shares of Regal Rexnord by 81.6% in the 4th quarter. Covestor Ltd now owns 178 shares of the company’s stock valued at $25,000 after buying an additional 80 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Regal Rexnord by 135.1% in the 1st 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 period. Aster Capital Management DIFC Ltd purchased a new stake in shares of Regal Rexnord in the 3rd quarter valued at $27,000. Garner Asset Management Corp purchased a new stake in shares of Regal Rexnord in the 4th quarter valued at $27,000. Finally, IFP Advisors Inc raised its holdings in shares of Regal Rexnord by 34.0% in the 4th quarter. IFP Advisors Inc now owns 193 shares of the company’s stock valued at $27,000 after buying an additional 49 shares during the period. 99.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RRX has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price objective on Regal Rexnord from $170.00 to $230.00 and gave the company a “buy” rating in a report on Monday, February 9th. Citigroup boosted their price objective on Regal Rexnord from $230.00 to $240.00 and gave the company a “buy” rating in a report on Monday, April 13th. JPMorgan Chase & Co. boosted their price objective on Regal Rexnord from $190.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Wall Street Zen downgraded Regal Rexnord from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Regal Rexnord in a report on Tuesday, April 21st. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $231.00.

Insiders Place Their Bets

In other Regal Rexnord news, Director Robin A. Walker-Lee sold 1,297 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $213.85, for a total transaction of $277,363.45. Following the completion of the transaction, the director owned 5,503 shares in the company, valued at $1,176,816.55. The trade was a 19.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Louis V. Pinkham sold 22,509 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $211.68, for a total transaction of $4,764,705.12. Following the transaction, the chief executive officer owned 56,749 shares of the company’s stock, valued at $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 24,774 shares of company stock worth $5,257,933 in the last 90 days. Corporate insiders own 0.63% of the company’s stock.

Regal Rexnord Stock Up 0.1%

Shares of Regal Rexnord stock opened at $200.92 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 2.17 and a debt-to-equity ratio of 0.69. Regal Rexnord Corporation has a 52-week low of $127.96 and a 52-week high of $236.35. The company has a market capitalization 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 company has a 50 day moving average of $199.06 and a 200 day moving average of $177.44.

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

Regal Rexnord Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, June 30th. Regal Rexnord’s payout ratio is 32.56%.

Regal Rexnord 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.