Regal Rexnord (NYSE:RRX) Sets New 12-Month High After Earnings Beat

Regal Rexnord Corporation (NYSE:RRX) hit a new 52-week high on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $232.67 and last traded at $231.6080, with a volume of 46521 shares traded. The stock had previously closed at $222.02.

The company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.11 by $0.06. Regal Rexnord had a return on equity of 9.51% and a net margin of 4.78%.The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the firm posted $2.15 earnings per share. Regal Rexnord’s revenue was up 4.3% compared to the same quarter last year. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS.

Regal Rexnord Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders 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 dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, June 30th. Regal Rexnord’s dividend payout ratio is presently 33.33%.

Wall Street Analyst Weigh In

RRX has been the subject of several analyst reports. Robert W. Baird set a $253.00 price objective on Regal Rexnord in a research note on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Regal Rexnord in a research report on Tuesday, April 21st. The Goldman Sachs Group boosted their target price on shares of Regal Rexnord from $170.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Barclays increased their price target on Regal Rexnord from $237.00 to $245.00 and gave the company an “overweight” rating in a research note on Monday, March 23rd. Finally, Citigroup boosted their target price on shares of Regal Rexnord from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $231.00.

Insider Activity

In other news, CEO Louis V. Pinkham sold 36,728 shares of Regal Rexnord 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 completion of the sale, the chief executive officer directly owned 83,337 shares in the company, valued at approximately $17,960,790.24. This trade represents a 30.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Cheryl Lewis sold 2,262 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $215.73, for a total transaction of $487,981.26. Following the sale, the executive vice president directly owned 13,219 shares of the company’s stock, valued at $2,851,734.87. This represents a 14.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 48,951 shares of company stock valued at $10,576,689. 0.63% of the stock is currently owned by insiders.

Institutional Trading of Regal Rexnord

Institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC increased its holdings in Regal Rexnord by 5.6% during the 1st quarter. Parallel Advisors LLC now owns 938 shares of the company’s stock worth $176,000 after purchasing an additional 50 shares during the period. Swiss National Bank raised its stake in Regal Rexnord by 0.3% in the first quarter. Swiss National Bank now owns 124,717 shares of the company’s stock worth $23,355,000 after buying an additional 400 shares in the last quarter. Jennison Associates LLC raised its stake in Regal Rexnord by 22.8% in the first quarter. Jennison Associates LLC now owns 363,118 shares of the company’s stock worth $67,997,000 after buying an additional 67,333 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Regal Rexnord by 3.0% during the first quarter. California Public Employees Retirement System now owns 126,113 shares of the company’s stock worth $23,616,000 after buying an additional 3,636 shares during the period. Finally, Bessemer Group Inc. boosted its position in Regal Rexnord by 4,155.4% during the 1st quarter. Bessemer Group Inc. now owns 916,054 shares of the company’s stock valued at $171,541,000 after acquiring an additional 894,527 shares in the last quarter. Institutional investors own 99.72% of the company’s stock.

Regal Rexnord Price 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 firm has a market cap of $14.31 billion, a P/E ratio of 50.00, a PEG ratio of 2.16 and a beta of 1.15. The firm has a 50-day simple moving average of $200.38 and a 200-day simple moving average of $172.61.

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.