Principal Financial Group Inc. Sells 154,564 Shares of Regal Rexnord Corporation $RRX

Principal Financial Group Inc. lowered its stake in shares of Regal Rexnord Corporation (NYSE:RRX) by 30.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 347,159 shares of the company’s stock after selling 154,564 shares during the quarter. Principal Financial Group Inc.’s holdings in Regal Rexnord were worth $48,713,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Summit Place Financial Advisors LLC lifted its stake in Regal Rexnord by 10.1% during the 4th quarter. Summit Place Financial Advisors LLC now owns 3,548 shares of the company’s stock valued at $498,000 after acquiring an additional 325 shares during the period. Torren Management LLC bought a new position in Regal Rexnord during the 4th quarter valued at about $83,000. M&T Bank Corp lifted its stake in Regal Rexnord by 113.6% during the 4th quarter. M&T Bank Corp now owns 4,431 shares of the company’s stock valued at $622,000 after acquiring an additional 2,357 shares during the period. Pictet Asset Management Holding SA lifted its stake in Regal Rexnord by 4.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 9,559 shares of the company’s stock valued at $1,341,000 after acquiring an additional 365 shares during the period. Finally, Calamos Advisors LLC lifted its stake in shares of Regal Rexnord by 13.3% in the 4th quarter. Calamos Advisors LLC now owns 25,500 shares of the company’s stock worth $3,578,000 after purchasing an additional 3,000 shares during the period. Institutional investors own 99.72% of the company’s stock.

Insiders Place Their Bets

In other Regal Rexnord news, EVP Cheryl Lewis sold 2,262 shares of the firm’s stock in a transaction that occurred 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 owned 13,219 shares in the company, valued at approximately $2,851,734.87. This trade represents a 14.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert Rehard sold 968 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $223.00, for a total transaction of $215,864.00. Following the sale, the chief financial officer owned 34,447 shares in the company, valued at approximately $7,681,681. The trade was a 2.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 48,951 shares of company stock worth $10,576,689. Company insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RRX shares. Wall Street Zen cut shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 28th. Citigroup increased their price objective on shares of Regal Rexnord from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Robert W. Baird set a $253.00 price objective on shares of 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 note on Tuesday, April 21st. Finally, KeyCorp increased their price objective on shares of Regal Rexnord from $255.00 to $265.00 and gave the stock an “overweight” rating in a research note on Thursday. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $231.00.

Regal Rexnord Price Performance

Shares of NYSE:RRX opened at $215.01 on Friday. The firm’s 50 day moving average price is $200.38 and its 200-day moving average price is $172.61. The stock has a market capitalization of $14.31 billion, a PE ratio of 50.00, a price-to-earnings-growth ratio of 1.92 and a beta of 1.15. Regal Rexnord Corporation has a twelve month low of $127.96 and a twelve month high of $236.35. The company has a quick ratio of 1.10, a current ratio of 2.17 and a debt-to-equity ratio of 0.69.

Regal Rexnord (NYSE:RRX) last released its earnings results on Wednesday, May 6th. The company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.06. Regal Rexnord had a net margin of 4.78% and a return on equity of 9.49%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the business earned $2.15 EPS. The firm’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. Equities research analysts expect that Regal Rexnord Corporation will post 10.73 EPS for the current year.

Regal Rexnord Announces Dividend

The company also recently announced 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. The ex-dividend date is Tuesday, June 30th. This represents a $1.40 dividend on an annualized basis and a yield of 0.7%. Regal Rexnord’s dividend payout ratio (DPR) is presently 32.56%.

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.