Oppenheimer Asset Management Inc. Raises Stake in Regal Rexnord Corporation $RRX

Oppenheimer Asset Management Inc. raised its holdings in Regal Rexnord Corporation (NYSE:RRX) by 475.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,991 shares of the company’s stock after purchasing an additional 18,168 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Regal Rexnord were worth $3,154,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Granite Investment Partners LLC acquired a new position in shares of Regal Rexnord during the second quarter worth about $1,309,000. Nordea Investment Management AB lifted its position in Regal Rexnord by 30.7% in the third quarter. Nordea Investment Management AB now owns 2,028,936 shares of the company’s stock valued at $289,083,000 after purchasing an additional 476,802 shares during the period. Prudential Financial Inc. boosted its holdings in Regal Rexnord by 233.6% in the 2nd quarter. Prudential Financial Inc. now owns 45,281 shares of the company’s stock valued at $6,564,000 after purchasing an additional 31,709 shares in the last quarter. Stanley Capital Management LLC purchased a new stake in Regal Rexnord in the 2nd quarter valued at approximately $19,367,000. Finally, Legal & General Group Plc increased its position in Regal Rexnord by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 112,789 shares of the company’s stock worth $16,350,000 after purchasing an additional 3,096 shares during the period. Institutional investors and hedge funds own 99.72% of the company’s stock.

Insider Buying and Selling

In other Regal Rexnord news, CEO Louis V. Pinkham sold 36,728 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $215.52, for a total transaction of $7,915,618.56. Following the sale, the chief executive officer owned 83,337 shares in the company, valued at approximately $17,960,790.24. This represents a 30.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Cheryl Lewis sold 2,262 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $215.73, for a total value of $487,981.26. Following the transaction, the executive vice president directly owned 13,219 shares of the company’s stock, valued at $2,851,734.87. The trade was a 14.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 87,129 shares of company stock worth $16,136,908 in the last quarter. Corporate insiders own 0.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on RRX shares. Barclays lifted their price target on Regal Rexnord from $165.00 to $237.00 and gave the company an “overweight” rating in a research note on Monday. JPMorgan Chase & Co. boosted their target price on shares of Regal Rexnord from $190.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Robert W. Baird set a $253.00 price target on shares of Regal Rexnord in a report on Friday, February 6th. Jefferies Financial Group cut shares of Regal Rexnord from a “buy” rating to a “hold” rating and reduced their price objective for the company from $170.00 to $160.00 in a research note on Wednesday, December 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Regal Rexnord in a research report on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Regal Rexnord currently has an average rating of “Moderate Buy” and a consensus price target of $227.50.

More Regal Rexnord News

Here are the key news stories impacting Regal Rexnord this week:

• Positive Sentiment: Top analyst activity: KeyCorp/KeyBanc raised their outlook — price target was raised (to $255) and the firm reiterated an overweight/buy view, supporting upside expectations for RRX. Article Title
• Positive Sentiment: Market reaction to analyst upgrade: Coverage notes the stock hit a new 52‑week high following the analyst upgrade, which can attract momentum and institutional interest. Regal Rexnord (NYSE:RRX) Sets New 52-Week High on Analyst Upgrade
• Positive Sentiment: Short interest fell meaningfully in January (down ~17%), lowering short pressure and reducing a potential headwind that can lead to upward price moves as shorts cover. No link provided
• Neutral Sentiment: Analysts drilling into Q4: Coverage and analyst Q&A from the Q4 earnings call highlight focus areas for growth and margins — useful for guidance on next-quarter expectations but not an immediate directional catalyst. Regal Rexnord’s Q4 earnings call: Our top 5 analyst questions
• Negative Sentiment: CEO Louis V. Pinkham sold 36,728 shares at an average ~$215.52 (~$7.9M), trimming his holding by ~30.6%; such large insider sales can concern investors about insider conviction. SEC Filing
• Negative Sentiment: CFO Robert Rehard sold 7,704 shares at ~\$216.72 (~\$1.67M), reducing his stake by ~18.4%; another executive sale that may weigh on sentiment. SEC Filing
• Negative Sentiment: EVP Cheryl Lewis sold 2,262 shares at ~\$215.73 (~\$488K), cutting her holding by ~14.6%; adds to the pattern of insider selling this week. SEC Filing

Regal Rexnord Price Performance

Regal Rexnord stock opened at $224.04 on Thursday. The firm has a market capitalization of $14.87 billion, a PE ratio of 53.34, a P/E/G ratio of 2.07 and a beta of 1.13. Regal Rexnord Corporation has a 52 week low of $90.56 and a 52 week high of $229.30. The firm’s 50-day simple moving average is $158.03 and its 200 day simple moving average is $148.76. The company has a quick ratio of 1.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.70.

Regal Rexnord (NYSE:RRX) last posted its earnings results on Thursday, February 5th. The company reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.04. Regal Rexnord had a net margin of 4.71% and a return on equity of 9.60%. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the firm posted $2.34 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities research analysts predict that Regal Rexnord Corporation will post 9.95 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, March 31st. Regal Rexnord’s payout ratio is currently 33.33%.

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.