Regal Rexnord (NYSE:RRX) Hits New 12-Month High on Analyst Upgrade

Regal Rexnord Corporation (NYSE:RRX) shares hit a new 52-week high on Monday after JPMorgan Chase & Co. raised their price target on the stock from $190.00 to $230.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Regal Rexnord traded as high as $214.39 and last traded at $210.6740, with a volume of 25929 shares trading hands. The stock had previously closed at $200.00.

Several other brokerages have also recently weighed in on RRX. Jefferies Financial Group cut shares of Regal Rexnord from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $170.00 to $160.00 in a research note on Wednesday, December 10th. Zacks Research upgraded shares of Regal Rexnord from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Barclays reiterated an “overweight” rating and set a $165.00 target price on shares of Regal Rexnord in a research report on Monday, November 3rd. KeyCorp set a $200.00 price target on Regal Rexnord in a research report on Thursday. Finally, Robert W. Baird set a $253.00 price objective on Regal Rexnord in a research note on Friday. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $206.88.

Insider Activity at Regal Rexnord

In related news, Director Curtis W. Stoelting sold 4,500 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $180.00, for a total transaction of $810,000.00. Following the completion of the transaction, the director directly owned 15,617 shares of the company’s stock, valued at approximately $2,811,060. This represents a 22.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Louis V. Pinkham sold 35,935 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $146.20, for a total transaction of $5,253,697.00. Following the completion of the transaction, the chief executive officer directly owned 103,262 shares of the company’s stock, valued at approximately $15,096,904.40. This trade represents a 25.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.82% of the company’s stock.

Institutional Investors Weigh In On Regal Rexnord

Several hedge funds and other institutional investors have recently made changes to their positions in RRX. IFP Advisors Inc lifted its stake in shares of Regal Rexnord by 34.0% during 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 last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in shares of Regal Rexnord by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 14,855 shares of the company’s stock worth $2,084,000 after purchasing an additional 60 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Regal Rexnord by 35.9% during the third quarter. Allworth Financial LP now owns 265 shares of the company’s stock valued at $38,000 after purchasing an additional 70 shares during the period. CWM LLC grew its holdings in shares of Regal Rexnord by 7.2% in the fourth quarter. CWM LLC now owns 1,075 shares of the company’s stock worth $151,000 after purchasing an additional 72 shares during the last quarter. Finally, 1620 Investment Advisors Inc. lifted its holdings in Regal Rexnord by 8.6% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 944 shares of the company’s stock valued at $135,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 99.72% of the company’s stock.

Regal Rexnord Stock Performance

The company has a current ratio of 2.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $13.96 billion, a PE ratio of 50.08, a PEG ratio of 1.97 and a beta of 1.13. The firm’s 50-day simple moving average is $153.28 and its 200-day simple moving average is $147.33.

Regal Rexnord (NYSE:RRX) last issued its earnings results on Wednesday, February 4th. The company reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.04. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Regal Rexnord had a return on equity of 9.60% and a net margin of 4.71%.The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.34 EPS. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. On average, research analysts predict that Regal Rexnord Corporation will post 9.95 earnings per share for the current year.

Regal Rexnord Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st 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 of this dividend is Tuesday, March 31st. Regal Rexnord’s dividend payout ratio (DPR) is presently 33.33%.

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.