Regal Rexnord (NYSE:RRX) Issues Earnings Results

Regal Rexnord (NYSE:RRX) issued its quarterly earnings results on Wednesday. The company reported $2.51 EPS for the quarter, topping the consensus estimate of $2.47 by $0.04, Zacks reports. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Regal Rexnord had a net margin of 4.71% and a return on equity of 9.68%. Regal Rexnord’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.34 EPS. Regal Rexnord updated its FY 2026 guidance to 10.200-11.000 EPS.

Regal Rexnord Price Performance

RRX traded up $5.41 on Friday, reaching $205.41. The company had a trading volume of 1,395,634 shares, compared to its average volume of 982,819. The company has a market cap of $13.64 billion, a price-to-earnings ratio of 48.95, a P/E/G ratio of 1.65 and a beta of 1.13. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.97 and a current ratio of 2.05. Regal Rexnord has a 52-week low of $90.56 and a 52-week high of $206.41. The business has a 50 day simple moving average of $151.97 and a 200 day simple moving average of $146.95.

Regal Rexnord Announces Dividend

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 $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, March 31st. Regal Rexnord’s dividend payout ratio is 33.33%.

Insider Activity at Regal Rexnord

In other Regal Rexnord news, CEO Louis V. Pinkham sold 35,935 shares of the business’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 sale, the chief executive officer directly owned 103,262 shares in the company, valued at approximately $15,096,904.40. The trade was a 25.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.82% of the stock is currently owned by insiders.

Institutional Trading of Regal Rexnord

Institutional investors have recently bought and sold shares of the stock. Viking Global Investors LP lifted its stake in Regal Rexnord by 25.7% in the second quarter. Viking Global Investors LP now owns 3,430,128 shares of the company’s stock worth $497,231,000 after acquiring an additional 701,145 shares during the period. Wellington Management Group LLP increased its holdings in Regal Rexnord by 215.8% during the third quarter. Wellington Management Group LLP now owns 385,717 shares of the company’s stock valued at $55,327,000 after buying an additional 263,592 shares during the period. Invesco Ltd. raised its stake in Regal Rexnord by 17.7% in the third quarter. Invesco Ltd. now owns 1,500,000 shares of the company’s stock worth $215,160,000 after buying an additional 225,734 shares in the last quarter. Boston Partners purchased a new stake in Regal Rexnord during the third quarter worth $21,411,000. Finally, Bank of America Corp DE boosted its position in Regal Rexnord by 48.4% during the 2nd quarter. Bank of America Corp DE now owns 368,081 shares of the company’s stock valued at $53,357,000 after acquiring an additional 120,084 shares in the last quarter. 99.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on RRX shares. KeyCorp set a $200.00 target price on shares of Regal Rexnord in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on Regal Rexnord from $200.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Barclays reissued an “overweight” rating and set a $165.00 target price on shares of Regal Rexnord in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Regal Rexnord in a report on Thursday, January 22nd. Finally, Robert W. Baird set a $212.00 price objective on shares of Regal Rexnord in a report on Friday, October 31st. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $187.75.

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.