Regal Rexnord (NYSE:RRX) Posts Earnings Results, Beats Estimates By $0.06 EPS

Regal Rexnord (NYSE:RRX) announced its quarterly earnings data on Wednesday. The company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.11 by $0.06, Zacks reports. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Regal Rexnord had a net margin of 4.78% and a return on equity of 9.51%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.15 earnings per share. Regal Rexnord updated its FY 2026 guidance to 10.200-11.000 EPS.

Regal Rexnord Trading Up 3.1%

Shares of NYSE RRX traded up $6.30 during midday trading on Friday, reaching $212.56. 284,634 shares of the stock were exchanged, compared to its average volume of 1,123,468. The stock has a 50 day moving average price of $200.38 and a 200-day moving average price of $172.61. 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 $14.15 billion, a P/E ratio of 49.41, a P/E/G ratio of 2.16 and a beta of 1.15. Regal Rexnord has a 52-week low of $127.96 and a 52-week high of $236.35.

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 paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, June 30th. Regal Rexnord’s dividend payout ratio (DPR) is currently 33.33%.

Insider Buying and Selling

In other news, 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 transaction of $487,981.26. Following the sale, the executive vice president owned 13,219 shares in the company, valued at $2,851,734.87. This trade represents a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert Rehard sold 968 shares of Regal Rexnord stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $223.00, for a total value of $215,864.00. Following the completion of the sale, the chief financial officer directly owned 34,447 shares of the company’s stock, valued at approximately $7,681,681. This represents a 2.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 48,951 shares of company stock worth $10,576,689. 0.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. grew its holdings in 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 purchasing an additional 127 shares during the period. Advisory Services Network LLC purchased a new position in Regal Rexnord during the third quarter worth approximately $35,000. Los Angeles Capital Management LLC acquired a new position in shares of Regal Rexnord in the 4th quarter valued at $43,000. Capital Analysts LLC boosted its holdings in shares of Regal Rexnord by 67.8% in the 4th quarter. Capital Analysts LLC now owns 334 shares of the company’s stock valued at $47,000 after purchasing an additional 135 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Regal Rexnord during the 3rd quarter valued at $60,000. 99.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RRX. KeyCorp increased their target price on shares of Regal Rexnord from $255.00 to $265.00 and gave the company an “overweight” rating in a report on Thursday. The Goldman Sachs Group boosted their price target on Regal Rexnord from $170.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Regal Rexnord in a research note on Tuesday, April 21st. Citigroup boosted their target price on Regal Rexnord from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Finally, Wall Street Zen downgraded Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 28th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.00.

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.